With COVID-19 pandemic hitting hard the world, most countries might suffer greater economic downturn in the next months. The restraint methods to slow down the virus spread and contagion are directly affecting the economy.
Instead of succumbing to this unprecedented scenario, some businesses understand the relevance of preparing for the hard times in advance to navigate the recession better. For example, packaging is an essential part of your business, and most of the time can be one of your best brand assets during the economic slowdown.
Following, you can check some tips to prepare your business to face better the upcoming economic challenges.
Define the Right Sized Box
During rough times in the economy, it is prevalent to eliminate unnecessary spending and look for opportunities to maximize your business profits. With this mindset, it is common to see business seeking for one size fits all box solution in an attempt to cut down on upfront costs.
However, this strategy is not quite efficient once you can increase the likelihood of damaging your product during the shipping. Moreover, you might also have to spend more in filling material to avoid damaging it, which consequently can bring you additional costs.
The optimal strategy in this scenario is to leverage your boxes by customizing the size. Custom boxes can offer the best solutions for your primary and secondary packaging based on your product’s bestseller. With custom boxes, you develop the best box adapted to fit your product’s shape and dimensions, avoiding extra costs with filling materials like foam and bubble wrap.
Leverage your Brand with Custom Printing Boxes
Businesses are already feeling the consequences of COVID-19 pandemic when consumers’ spending is slowing down. If caught unprepared, companies can be left with excess packaging inventory that can expire or becomes obsolete.
To prepare for uncertainty times and economic recession, choosing the best box solution and leveraging your brand in the selected box, it might be a smart decision. With custom printing boxes, you have the flexibility to print what you want and how you want, avoiding incurring extra costs.
Recessions are natural challenging times, with some being more devastating than others, but thinking ahead and preparing for the rough time, your business can navigate through this time. Moreover, you can count on Racer Boxes, an experienced and high-qualified box manufacturer in Vancouver, to provide to your business the best boxes solutions, identifying opportunities to maximize cost-savings.