Reusable packaging leasing can provide a quicker and easier path to reusable B2B packaging for your company, says AAM
Durable reusable packaging systems can be relied upon to deliver a lower cost per use than expendable alternatives while providing additional benefits such as improved product protection, better interaction with automated systems, and more. While usage costs are often cheaper or comparable to single-use systems, however, sticker shock can get in the way of acquisition and implementation. Durable reusable packaging is typically more expensive to purchase than expendable packaging. Capital outlay, therefore, can be a crucial barrier to a switch to reusable packaging programs. Leasing, however, is one strategy that companies can use to fast-track their conversion to reusables. We recently reached out to Nick Clements of www.aam.international.
Q: What does AAM do?
NC: AAM is a leasing company. We make it easier, and quicker for users to acquire the equipment they need, when they need it and then pay for the equipment in instalments, using the savings and revenues that the equipment generates.
Q: Why reusable packaging leasing, and how can this help potential users of this equipment vs purchase, rental, or other options?
NC: Generally, RTP offers total cost savings to a customer. It can have a higher initial cost than the alternatives but has a longer life and is easier to clean and maintain and because it is reusable is better for the environment. For example, many nonprofits are now turning to eco-friendly fundraisers to align their events with sustainability goals and appeal to environmentally conscious donors. Our lease packages allow the (usually) higher initial cost to be spread over the life of the RTP. We reduce the initial cost of acquiring it, which helps more customers adopt RTP and unlock the savings they may not have realized using their existing packaging, containers, totes, etc.
Q: What types of equipment does your program support?
NC: Intermediate Bulk Containers (IBC), various other large containers (FLC), plastic pallets, totes, and drums. Pretty much any plastic polyethylene or polyurethane product that ships or stores food, liquids, automotive parts, EV batteries, preforms and many other products.
Q: What markets do you serve in terms of geography, industry, etc.?
NC: The biggest markets for AAM are the US, UK, and Western Europe, but we also work in Latin America, the Middle East, and Asia. Food processing, logistics, chemicals, and shipping are our traditional customer sectors, but we are now seeing lots of automotive manufacturers adopt leased RTP to move spares and components, so we expect that sector to develop strength for us.
Q: Do you cover only specific reusable packaging manufacturers, or are you neutral?
NC: We are neutral, but we do run finance programs for some manufacturers. Confidentiality is important to us and our clients so each manufacturer has a separate team working with it, to avoid any conflict of interest.
Q: Is there anything else readers should know?
NC: In addition to the equipment, we can also finance any repair and maintenance costs, along with washing, IoT, tracking equipment, factory tooling, shipping, and set-up costs.
For more information, contact nick@angloassetmanagement.com.
Rick LeBlanc, EMBA, is the founder and editor of Reusable Packaging News (subscribe to the free newsletter) and editor of Western Pallet Magazine. A supply chain journalist with more than 30 years of experience, he specializes in pallets, reusable packaging, material handling and related operations. Rick is co-author of Pallets: A North American Perspective and Pallets & Progress: A Collected History of Pallets and Palletized Handling 1922–1945. He is also an advisory board member of the Virginia Tech Center for Packaging and Unit Load Design. Read Rick’s full bio.
