Pack-Man’s Weekly Gyaan

Pack-Man spotlights the latest in FMCG retail; Starbucks new strategy; Patanjali’s Rs 1 trillion target; 300 pharma brands enable QR codes

05 Jul 2023 | By WhatPackaging? Team

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June sees FMCG retail sales grow

FMCG sales grew by 4 to 5% in June, and retail sales by 8 to 9%. This is interesting. Data from Bizom shows that April saw a decline in FMCG sales of 8.4%, while May saw a decline of 1.4%. When Pack-Man walked around the malls of Mumbai this weekend, Pack-man noticed people were back with their daily routine. One shop owner said, the retail sector is seeking footfalls; and this translates into regular growth for retails.

There has been a good spike in FMCG sales in June. It is a comeback after a difficult period in April and May. The FMCG sales were slowed down during these two months due to overstocking and unseasonal monsoon.

Starbucks new strategy

One of the world’s largest coffee houses has rolled out a new packaging plus marketing strategy that resulted in increased sales by 15-20 % at every store. Starbucks introduced a smaller picco-sized version for the hot coffee series which is used exclusively for espresso shots.

Pack-Man, a coffee-lover, is delighted.

Patanjali targets Rs 1 trillion turnover in the next five years

The Patanjali Group is targeting one trillion rupees turnover by 2028. This translates into a market capitalisation of Rs 5 trillion. Recently, Patanjali launched 14 products in the segments of nutraceuticals, health biscuits, cereals and dry fruits.

Rush to push QR codes for 300 pharma brands

1 August is the deadline. The Centre had decided, and amended the date, to introduce QR codes for ensuring authenticity and traceability for 300 common drug brands. To name a few - Dolo, Gelusil, Saridon, Electral, Volini.

Pack-Man had come across a comprehensive study of GS1 India and Association of Healthcare Providers India (AHPI), which was released last year. It stated that more than 50% of pharma and medical devices manufacturers lose 1% of their sales due to expiry and pilferage. Thereby, this amendment will serve Indian manufacturers implementing a track and trace system.

Pharma companies to boost productivity with enhanced QC tools

According to a McKinsey Report, more than 65% reduction in deviations and over 90% faster closure times has improved quality and compliance of pharma labs. An average chemical QC lab can reduce costs by 25-45% by reaching the digitally enabled lab horizon.

Pack-Man also figured out that savings at an average microbiology lab would be in the 15-35% range. The enhanced QC tools will bolster the growth of pharma quality.

Micron Technology to invest in semiconductor packaging plant

The US-based Micron Technology is set to invest USD 1 billion in a semiconductor packaging factory in India. Media reports are talking about the testing and packaging plant to be set up in Gujarat.

Micron’s investment will be up to USD 825 million over the two phases of the project and will create up to 5,000 new direct Micron jobs and 15,000 community jobs over the next several years. Under the government's Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme, Micron will receive 50% fiscal support for the total project cost from the Indian central government and incentives representing 20% of the total project cost from the state of Gujarat.

Latest Poll

Which is the sustainable packaging product among MSMEs that is most popular?

Results

Which is the sustainable packaging product among MSMEs that is most popular?

Bagasse and biodegradable boxes

 

23.08%

Corrugated boxes

 

46.15%

Paper bags

 

30.77%

Recyclable plastic (bubble wraps, bio-plastic)

 

0%

Total Votes : 13

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