Amcor reports GAAP net income of $1.48bn for FY23
Amcor's CEO forecasts a continuation of difficult market conditions in the short-term.
18 August 2023
18 August 2023
Amcor's CEO forecasts a continuation of difficult market conditions in the short-term.
Amidst glass shortages, wine producers are adopting re-use to transform packaging, curbing waste and carbon emissions.
A peek into the bygone era of amphorae – versatile containers that left an indelible mark on ancient commerce and transportation.
Last year, the company saw the introduction of its first fully electric vehicle into its commercial delivery fleet.
The solution has been expanded by the retailer as a response to the rising cases of crime across its stores.
The report shows that the company is moving closer towards its 2025 sustainability goals.
The evenly split JV between the companies will be operated as a separate entity.
The packaging will be developed by Circular and Rhinopaq via collaboration in Germany.
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In 2022, flexible packaging was the most used pack material, followed by rigid plastics. Dairy & soy food was the leading sector, while prepared meals sector is forecast to register the fastest growth during 2022–27, per GlobalData. The demand for eco-friendly packaging is on the rise, stimulated by consumers’ increasing focus on sustainability. Personalized packaging is becoming popular as consumers appreciate products tailored to their needs or preferences. In the food packaging industry, personalization can be done to amplify brand appeal in form of personalized bags, stickers, or boxes.
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