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Health Care : Pharmaceuticals |
Company profile

Notis Global, Inc. is engaged in the cultivation of hemp and production of hemp-based products. The Company owns and manages real estate for the cultivation of hemp in the United States. The Company manufactures and markets hemp products and cannabidiol (CBD) oil. It manages the entire supply chain from farming and extraction of hemp, through to sale of hemp products in the market.

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DS Smith Survey: Swapping Shopping Carts for a Laptop, Online Buyers Say They Are Hooked for Good

7:06 am ET July 23, 2020 (BusinessWire) Print

Consumers have rushed to online shopping, a "seismic shift" that will steadily grow if retailers provide convenient deliveries and environmentally friendly packaging, according to a DS Smith survey with important cues for businesses eager to flourish in a post-lockdown world.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200723005128/en/

The national survey by DS Smith, a leading paper, packaging and recycling company, found that the pandemic may have permanently changed Americans' buying habits, with 85% of online shoppers saying they will continue to shop online at the same level or more, even after stay-at-home rules are lifted.

The company has provided critical support of the e-commerce industry and supply chain amid the rush to web-based shopping. Nearly two-thirds of consumers polled say they are shopping online more than before the coronavirus outbreak, chiefly because it's a safe and convenient way to get what they need.

"There has been a seismic shift in the way consumers are shopping and we've been using our expertise to support businesses of all sizes with the rapid growth of e-commerce so they can survive and thrive through this uncertain time," said Mark Ushpol, managing director of packaging at DS Smith.

"What's clear is that as lockdowns ease, these trends aren't likely to fall away. Consumers have found new confidence and convenience in the way they shop, buying a whole range of items online - everything from groceries to toiletries to fitness products. If companies are not already transforming their business to meet this new age of e-commerce, they risk being left behind," Ushpol said.

Some DS Smith customers have doubled and even tripled their e-commerce orders, requiring essential businesses like DS Smith to remain open to meet the increased demand for packaging.

For instance, while some major U.S. cosmetics companies have reported a 30% spike in sales, the DS Smith survey showed there still is room to grow. About 74% of Americans plan to buy beauty products online at the same rate or more as lockdown restrictions are relaxed.

Although bars and clubs have remained shuttered in many cities, overall alcohol sales in the US have jumped 16% during the lockdown period compared to 2019. And 40% of survey respondents have bought fitness equipment online at the same level or more during the lockdown.

Beyond the health care crisis, nearly four out of 10 consumers say they most likely would stick with online shopping if delivery times were faster and retailers offered free returns.

In another signal of consumer sentiment, one in five shoppers say they'd likely continue buying online if items were delivered with less packaging or used more sustainable material. About that same number say they'd prefer items delivered in more recyclable packaging.

The embrace of environmentally friendly and protective packing aligns squarely with DS Smith's production values as a sustainable leader that promotes a circular economy to reduce consumption, waste and pollution by keeping products in use.

"We're eager to help brands and businesses navigate this path and work with them so that they can benefit from sustainable packaging solutions that their customers desire," Ushpol said.

About DS Smith:

DS Smith is a leading provider of corrugated packaging worldwide, supported by recycling and papermaking operations. A member of the FTSE 100, DS Smith focuses on creating innovative and sustainable packaging solutions, using a closed-loop recycling model - in which paper and corrugated is collected, recycled and then used again to make packaging materials. North American operations are headquartered in Atlanta, with 16 manufacturing, paper and recycling facilities, totaling more than 2,000 employees. Using the combined expertise of its divisions - including Packaging, Recycling, Paper - DS Smith works with customers to develop solutions that reduce complexity and deliver results throughout the supply chain.

Methodology

The poll of 1,089 adults nationwide, taken July 5-11, has a margin of error of plus or minus three percentage points.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200723005128/en/

SOURCE: DS Smith

Mindy Myrick, Head of Corporate Affairs
Mindy.Myrick@dssmith.com / +1 410-251-9570


Sarah Kettenburg, Hill+Knowlton Strategies
sarah.kettenburg@hkstrategies.com / +1 813-760-4605
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