4 common packaging mistakes to avoid
Business

4 common packaging mistakes to avoid

Packaging is an important element of the supply chain and logistics cycle. This process of enclosing products in wrappers and boxes and thereby protecting customer orders for shipping and delivery after they are purchased is critical for a company’s brand identity, customer satisfaction, and cost control when handled correctly. Certain packaging mistakes can affect them in a negative way. Here are some such common packaging mistakes to avoid for businesses to optimize their supply chains: Neglecting the quality of packaging Cutting corners on packaging is a major mistake companies can make while purchasing substandard-quality packaging materials in bulk. These low-quality materials can cause the products stored within the packages to become exposed to possible damage. Low-quality packaging is among the biggest causes of damage and product wastage during the shipping phase of the supply chain cycle. Additionally, the poor quality of supplementary packaging items such as foam rollers, tape, thread, strings, handles, and others can result in inadequate protection of goods and products delivered across massive distances. Therefore, businesses must try to maintain a standard of quality in order to avoid the spiraling of shipping costs and lead time in the supply chain. Ignoring the branding on packaging Many e-commerce operators tend to overlook the importance of customizing product packaging to reflect their brand identity.
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5 mistakes to avoid when starting a franchise
Business

5 mistakes to avoid when starting a franchise

With franchises, several brands have been able to reach customers worldwide. Also, many entrepreneurs have earned incredible profits by becoming franchisees of certain brands. At the same time, there have also been franchises that have failed or not been as successful as the franchisee intended. In general, it is important to avoid some common pitfalls while setting up a franchise to increase the chances of success. Here are some such mistakes franchisees should avoid: Expecting instant success Some franchises may become successful as soon as they are launched, and this could be due to many reasons – the brand’s bespoke products and services, its immediate acceptance in the geographical area where the franchise has been launched, the industry type, etc. However, not every franchise may become instantly successful; some may take months or even years to win their target market’s appeal. And that should not deter one from persevering. If one is working systematically toward becoming successful and doing everything required, it’s normal for the target audiences to take their own time to accept the brand. Making impulsive decisions without proper research Franchisees need to conduct extensive research, data analysis, and predictions before shortlisting a brand for a franchise. Such research can help franchisees understand whether the brand will continue to be relevant in the future and, if so, whether its products or services will enjoy the same popularity in the region where they are planning to expand the business.
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