5 Reasons Regional Sourcing Ensures Cost-Effective Sustainable Cannabis Containers
There are countless reasons to emphasize a circular economy when creating your company’...
There are countless reasons to emphasize a circular economy when creating your company’s supply chain, but the most immediate and actionable impact is on your profit. Local and regional sourcing can help save your company money and increase your overall profit.
As one of the leading sustainable cannabis container suppliers and firm advocates of local sourcing, Sana Packaging is well-versed in the economic benefits that a circular economy can bring. Here are five ways local sourcing can help your bottom line.
1. Lower Storage Costs With a Circular Economy
When you emphasize the principles of a circular economy and locally source your products and cannabis packaging materials, you can avoid some of the warehousing and storage costs associated with a global supply chain. Local sourcing means fewer steps between your products, facilities, and customers. Fewer stops mean fewer times you will have to pay warehousing fees to store your products, which means less overhead for your business.
2. Local Sourcing Lowers Cannabis Container Shipping Costs
Shipping and transportation are the most expensive parts of a globalized company’s supply chain. As freight costs rise, so do transportation costs. Additionally, shipping packaging materials overseas produces massive greenhouse gas emissions, costing the environment. Though you may be able to save a few bucks by purchasing foreign-made cannabis packaging materials, the money you save there is negated by the monetary and environmental costs of freight.
Local sourcing eliminates the need to ship products long distances, lowering the economic and environmental costs of transporting your products. Granted, local cannabis container shipping still consumes fuel, but the amount needed to transport products from state to state is exponentially lower than that required to transport products between continents. Additionally, if your company purchases carbon credits, the price to offset local shipping is far lower than international shipping.
3. Communities Profit From Locally Sourced Cannabis Packaging
Local sourcing also lowers your company’s social cost. By working with local and regional suppliers, you will bolster the businesses in your community instead of running them out of business by working with a global supplier.
When the local community benefits, your company will too. You will be putting money into your local community by choosing regional suppliers for your cannabis products. Your community members can then spend that money at your business, and so on. In this way, circular economies benefit both consumers and cannabis companies.
4. Minimize Your Cannabusiness’ Environmental Cost with a Circular Economy
Monetary costs aren’t the only thing you must think about when assembling your supply chain; you also need to consider the environmental cost of your choices. Simply put, economic globalization is bad for the environment. Shipping emissions and unethical business practices that put profits over all else sacrifice sustainability.
By choosing to work with local and regional suppliers, as opposed to global ones, you can do your part to minimize your cannabis business’s environmental impact. Your shipping will produce fewer emissions, and you can more easily ensure that you work with ethical, sustainable partners that share your eco-friendly mission.
5. Avoid Disruptions and Maintain Profit Via Local Sourcing
Global supply chains are more prone to harmful, damaging externalities that disrupt their businesses, costing them a portion of their profit. Factors like political instability, natural disasters, and even bureaucratic delays can have a massive impact on global supply chains. These disruptions can be difficult and costly to sort out, and even when the solution comes down to waiting it out, cannabis companies relying on products from faraway countries will be sidelined and unable to pull in their typical profit.
However, cannabis businesses opting for regional packaging supply chains are naturally more protected from these externalities. Though problems certainly can still occur, the fact that products have to travel a shorter distance in circular economies means there is less possibility for things to go wrong — and when they do, it is easier and cheaper to find solutions. Companies opting for regional sourcing can maintain a more consistent business model and, therefore, more consistent profits.
Locally Sourced, Sustainable, and Affordable Cannabis Packaging Materials
As cannabis companies, we have an extra responsibility to be aware of our business models' social and environmental impacts. Whether you carry high-tech vapes or organically grown flower, you need packaging for your products.
If you want to maximize your profit and the good you can do for your community while minimizing your environmental impact, Sana Packaging is the place to source cannabis packaging. We use sustainable materials in all of our cost-effective cannabis packages and work with local and regional suppliers as part of our goal for a truly sustainable economy.
To learn more about our products or request a sample, contact Sana Packaging today.