The Protective Solutions division of Sonoco, North America’s leading provider of protective packaging, components and material handling solutions, has released its Cost of Damage Calculator, a robust online tool designed to calculate the real cost of damage to businesses when shipping their products. With packaging an essential part of the supply chain, determining how best to ease risk for product damage throughout the entire process is paramount. The calculator successfully breaks down the customer’s e-commerce and retail damage to show the percentage of damage, number of units, total cost and the percentage of profits this affects. Click Read More below for additional detail.
“SEE is on a journey to become a world-class, digitally driven company automating sustainable packaging solutions. Over the past five years, Ted has architected our purpose-driven transformation and energized our growth during one of the most challenging times in the company’s history. We are confident that Ted is the right leader to continue to successfully advance our long-term strategy and accomplish our vision,” said Henry Keizer, SEE’s Chairman of the Board.
“SEE has a bright future ahead of it. I’m grateful to serve as CEO for another five years and for the opportunity to continue to lead our talented people to reach our vision,” said Ted Doheny. “Since 2017, we have transformed the business significantly, and there is still more to accomplish. We are cultivating a diverse and caring growth culture for our people and creating exceptional experiences for our customers by accelerating our growth in digital, automation and sustainability. We work each day to deliver world-class performance, create long-term value for our shareholders and make our world better than we found it.”
Since assuming the role of CEO in 2018, SEE has increased revenue by 6% CAGR to $5.8 billion, Adjusted EBITDA by 9% CAGR to $1.2 billion and Adjusted EPS by 20% CAGR to $4.10 per share.1