Business Development Strategy: A case study at the fastest food packaging converter printing company in Malaysia

Authors

  • Sukainah Hasanuddin College of Creative Arts, Universiti Teknologi MARA, Shah Alam 40450, Selangor, Malaysia
  • Siti Farhana Zakaria College of Creative Arts, Universiti Teknologi MARA, Shah Alam 40450, Selangor, Malaysia

DOI:

https://doi.org/10.21834/ebpj.v7iSI8.3913

Keywords:

Printing Technology Investment, Print on Demand, Business Development, Strategy, Food Packaging Material

Abstract

However, to become a leading one-stop solution provider to support all packaging requirements from global clients, they must invest in new technology for business development strategy. This study focused on the challenges faced by a food packaging converter, Company A using the flexography technology from Koenig & Bauer as the first Asian country that invests with the technology to enable them to define new yardsticks in the packaging sector. This study also discussed strategies for material usage with the new printing technology. Now, the food packaging converter industry is thriving to the next level of business growth by partnering with an international packaging company subsidiary to sustain its business continuity as a global alliance of packaging printing companies.

References

A.T.Kearney. (2017). Technology and Innovation for the Future of Production: Accelerating Value Creation. World Economic Forum, (March), 1–36. Retrieved from http://www3.weforum.org/docs/WEF_White_Paper_Technology_Innovation_Future_of_Production_2017.pdf

Aashish Mehra. (2021). Packaging Printing Market. Retrieved from https://www.marketsandmarkets.com/PressReleases/packaging-printing.asp

Bauer, K. &. (2021). Evo XD. Retrieved from https://www.koenig-bauer.com/en/products/flexo/ci-flexo-presses/evo-xd/

Bigliardi, B., Bottani, E., Montanari, R., & Vignali, G. (2010). Successful new product development in the food packaging industry: evidence from a case study. Science and T echnology.

Clare. (2020). Malaysia Packaging Industry - Trends and Opportunities. Retrieved from https://www.globenewswire.com/news-release/2020/11/12/2125455/0/en/Malaysia-Packaging-Industry-Trends-and-Opportunities.html

Coles, R., McDowell, D., & Kirwan, M. J. (2003). Food Packaging Tecnhology. (R. COLES, D. MCDOWELL, & M. J. KIRWAN, Eds.) (1st ed.). Blackwell Publishing. Retrieved from https://polymerinnovationblog.com/wp-content/uploads/2017/02/Food-Packaging-Technology.pdf

Creswell, J. W. (2017). Research Design: Qualitative, Quantitative, and Mixed Methods Approaches (Fifth Edit, pp. 23–47). SAGE Publications, Inc. Retrieved from https://us.sagepub.com/en-us/nam/research-design/book255675#preview

Data, G. (2021). Time and again, Malaysian packaging printers invest in cutting-edge Heidelberg production technology manufactured in China. Retrieved from https://www.finat.com/news/time-and-again-malaysian-packaging-printers-invest-in-cutting-edge-heidelberg-production-technology-manufactured-in-china

Haseeb, M., Lis, M., Haouas, I., & Mihardjo, L. W. W. (2019). The mediating role of business strategies between management control systems package and firms stability: Evidence from SMEs in Malaysia. Sustainability (Switzerland), 11(17). https://doi.org/10.3390/su11174705

Ishtiaq, M. (2019). Book Review Creswell, J. W. (2014). Research Design: Qualitative, Quantitative and Mixed Methods Approaches (4th ed.). Thousand Oaks, CA: Sage. English Language Teaching, 12(5), 1–40. https://doi.org/10.5539/elt.v12n5p40

Katie. (2020). Impact of Covid-19 (Coronavirus) on the Packaging Sector. Retrieved from https://www.marketdataforecast.com/blog/impact-of-covid19-on-the-packaging- sector

Liu, Y . J. (2014). Food packaging printing technology trend analysis: A patent analysis approach. In Applied Mechanics and Materials (pp. 387–395). https://doi.org/10.4028/www.scientific.net/AMM.469.387

Mahalik, N. P., & Nambiar, A. N. (2010). Trends in food packaging and manufacturing systems and technology. Trends in Food Science and Technology. https://doi.org/10.1016/j.tifs.2009.12.006

Market, P. P. (2021). Packaging Printing Market by Printing Ink (Aqueous, UV-based), Printing Technology (Flexography, Gravure, Digital), Packaging Type (Labels & T ags, Flexible), Application (Food & Beverages, Cosmetics, Pharmaceuticals), & Region - Global Forecast to 2025. Retrieved from https://www.marketsandmarkets.com/Market-Reports/packaging-printing-market-153207109.html

Marsh, K., & Bugusu, B. (2007). Food packaging - Roles, materials, and environmental issues: Scientific status summary. Journal of Food Science, 72(3), 1–17. https://doi.org/10.1111/j.1750-3841.2007.00301.x

SGIA, N. R. (2018). IMPACTING PACKAGING ’ S How Printing Technology Adoption is. Package Printing, 2–10. Retrieved from https://www.packagingimpressions.com/promo/pp-how-printing-technology-adoption-impact-packagings-future/

White, A. R. (2012). Printing for packaging. In A. Emblem & H. Emblem (Eds.), Packaging Technology: Fundamentals, Materials and Processes (1st ed., pp. 395–407). Woodhead Publishing Limited. https://doi.org/10.1533/9780857095701

Writer, S. (2018). The World of Package Printing. Retrieved from https://www.labelsandlabeling.com/news/installations/interpress-printers-invests-flexo-technology-koenig-bauer

Downloads

Published

2022-10-06

How to Cite

Hasanuddin, S., & Zakaria, S. F. (2022). Business Development Strategy: A case study at the fastest food packaging converter printing company in Malaysia. Environment-Behaviour Proceedings Journal, 7(SI8), 33–39. https://doi.org/10.21834/ebpj.v7iSI8.3913