Amcor Plc/ Bemis Company Incorporated

Amcor Plc/ Bemis Company Incorporated Overview

Company Headquarters: Australia

Founded: 1860

Workforce: ~47,000

Company Working: Amcor plc (Amcor) is a leading packaging company that develops and manufactures flexible and rigid packaging solutions for applications in the food & beverages, pharmaceuticals, healthcare, home & personal care industries. The company operates through two segments, namely, flexibles and rigid packaging. Furthermore, the company also offers high-barrier foils and films through its subsidiary—Bemis Company, Inc.

Amcor operates in more than 40 countries and has approximately 230 manufacturing sites worldwide. It has a presence across more than 40 countries across North America, Europe, Asia-Pacific, and Latin America. Bemis Company, Inc, Amcor Flexibles (Dandenong) Pty Ltd, Amcor Packaging (Asia) Pty Ltd, Amcor Flexibles (Port Melbourne) Pty Ltd, and Amcor Flexibles Group Pty Ltd are some of its subsidiaries.

Strategy

Amcor PLC is mainly focused on three strategic components, i.e., customer-oriented product portfolio, differentiated capabilities, and aspiration to be a leading global food container/packaging company. It plans to offer primary packaging solutions for fast-moving consumer goods (FMCG), including food items such as cereals, confectionary products, beverages, dairy products, meat, ketchup & sauces. The company aims to create a diversified product portfolio while differentiating its capabilities across packaging solutions to be a market leader in the packaging industry. Lastly, Amcor plans to ensure that all its packaging products are either recyclable or reusable by 2025.

Company Snapshot

$9,458M

Revenue

47,000

Employees

1860

Founded

Australia

Headquarters

SWOT Analysis

Strengths

Global presence with a vast network of distributors
Wide range of product portfolio
More than 1,700 patents
High focus on R&D

Weaknesses

Dependence on its flexible segment for revenue generation
Involvement in cross-border business litigations

Opportunities

Scope for developing recyclable and reusable packaging products
Focus on partnerships and acquisitions for expanding its presence in the Middle East & Africa
Rapid technological developments

Threats

Fluctuation in exchange rates
Intense rivalry
Changing environment norms for sustainable environmental conditions

Key Developments

Date	Approach	Development
–	Partnership	Amcor plc announced its partnership with Mars Food to develop mono-material microwaveable pouches that are safe for food.
–	Partnership	Amcor plc partnered with 35 leading players in the consumer goods industry to reduce plastic waste by implementing two significant initiatives from Consumer Goods Forum.
–	Product Development	Amcor plc launched its first PVDC-free shrink bag- Eco-Tite R, for fresh and processed meat, poultry, and some cheeses.
–	Product Development	Amcor plc announced its new product for a new hot-fill polyethylene terephthalate (PET) bottle for Colombia's Nutrea/Frudelca's Frupro protein juice.

Product Offering

Amcor Plc/ Bemis Company Incorporated
- Global Food Container Market

Financial Performance

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