{"id":71357,"date":"2016-03-18T00:00:00","date_gmt":"2016-03-18T04:00:00","guid":{"rendered":"http:\/\/lantechweb.wpengine.com\/blog\/potholes-and-bad-stretch-wrapping-how-both-are-draining-your-pockets\/"},"modified":"2020-10-12T13:10:35","modified_gmt":"2020-10-12T17:10:35","slug":"potholes-and-bad-stretch-wrapping-how-both-are-draining-your-pockets","status":"publish","type":"post","link":"https:\/\/www.lantech.com\/potholes-and-bad-stretch-wrapping-how-both-are-draining-your-pockets\/","title":{"rendered":"Potholes and Bad Stretch Wrapping: How Both Are Draining Your Pockets"},"content":{"rendered":"
<\/p>\n
According to the March 1, 2016 edition of\u00a0Fortune Magazine<\/em><\/a>,\u00a0bad road conditions cost the average American driver $516. These are the hidden costs\u00a0of driving.<\/p>\n You could expect to spend money on things like oil changes and routine maintenance but bad road conditions can cause blown tires or broken windshields, costs you don\u2019t anticipate. How many times have you run over a pothole, cringed and thought, \u201cOops, that hurt?\u201d<\/p>\n Individually, these costs seem insignificant, but they add up quickly. With 210 million drivers on the road, Americans spend about $150 billion a year fixing damage and wasting gas because of bad road conditions.<\/p>\n In-transit shipping damage costs are also hidden. Did you know that $60 billion of product is lost every year due to\u00a0shipping\u00a0damage caused by ineffective stretch wrapping?<\/p>\n It\u2019s estimated that 0.5 percent of products are unsellable due to shipping\u00a0damage. That may seem like a small number, but those losses add up. For example, a company shipping $100 million worth of products a year loses $500,000 to damage. Those are dollars\u00a0that didn’t go to the bottom line.<\/p>\n Its not realistic for you to go around fixing potholes, but you can do something to\u00a0reduce the risk of shipping damage.<\/p>\n Statistically, half the costs associated with in-transit shipping damage are the result of ineffective\u00a0stretch wrapping. Just by\u00a0stretch wrapping effectively<\/a>, half of that damage can be eliminated.\u00a0Imagine, $125,000 right back into the pocket of a\u00a0$100 million company, for example.<\/p>\n Don’t let unnecessary waste reduce\u00a0your bottom line. Reduce damage\u00a0costs by learning how to stretch wrap better.<\/p>\n <\/p>\n