Bad packaging design mistakes that drive profits higher
Financial Implications and Opportunities
From a financial perspective, opting for simpler or intentionally flawed packaging can result in cost savings. By reducing the complexity and materials used in packaging, companies can lower production costs and pass these savings on to consumers, potentially increasing sales volume. Additionally, brands that position themselves as environmentally friendly can often charge a premium for their products, further boosting profit margins.
Moreover, businesses can explore options like digital printing technologies that offer flexibility in packaging design. This allows for quick changes and adaptations to meet market trends or consumer preferences without significant cost increases3.