Food & Drink Business Podcast Ep19: with 3M's Sam Bakshi
In this episode, Food & Drink Business publisher Lindy Hughson and Sam Bakshi, Asia Pacific Integrated Marketing manager and Sustainable Packaging Segment leader at 3M, talk about how packaging can solve challenges that the food and drink industry faces today.
Sam speaks with Lindy about how automation in packaging is one of 3M’s long-term areas of specialization, and how they help food and beverage businesses grow and stay relevant, as well as navigate around the unique set of challenges that they face.
The discussion moves on to brand equity and packaging's importance for protecting it. Sam highlights the impact of the global pandemic on the industry and provides examples of successful businesses that are managing parallel objectives of protecting profits, their staff, and the community.
This leads on to the importance of environmental sustainability in packaging to the Australian community. Sam shares global sustainability market trends and drivers demonstrating that Asia Pacific region is leading the charge in this area. He discusses Lifecycle Assessments, End of Life and Packaging Recyclability Evaluations and details 3M’s strong environmental commitment.
The discussion moves to the economic climate and Sam highlights how businesses are managing their capital expenditure, return on investment, payback periods, free cash flow, gross margin, net margin & total cost of operation.
The conversation wraps up with Sam talking about 3M’s Virtual Packaging Exhibition and a prize that can be won for business engaging with the exhibition.
You can view 3M's virtual packaging experience and enter the competition to win a free packaging machine here.
Food & Drink Business delivers the industry’s most in-depth news and editorial coverage of Australia’s food and beverage sector. The Food & Drink Business podcast is one part of our multi-media platform, which provides: the latest news; expert opinion and business advice; insightful reports on industry issues and trends; new products; the latest research and technology developments; and regulatory updates. Tune in for entertaining and informative interviews from industry leaders, change drivers and experts across all aspects of the country’s leading manufacturing sector.
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MC: Grant McHerron
Host: Kim Berry
Producer: Steve Visscher
Food & Drink Business - © 2021