While we typically try to link our commentary on various postings across the e-postings ecosphere to something directly or indirectly related to payments, in this case, we are including a piece in Yahoo Finance about supply chains and alternatives to traditional packaging. Readers will know that the pandemic has placed extreme stress on global supply chains, more so in certain industries than others, and that those managing corporate supply chains have been seeking creative methods to overcome these gaps, both short term and in the long run.
Eventually, in any supply chain discussion, there is a need for payments, usually multiple times when the shipment involves multiple markets. This particular piece is about a couple of new hires at a company called Zume, a startup out of Silicon Valley that seeks to replace plastics with sustainable packaging, and now ramping up its scale.
‘Zume, the sustainability solutions company creating economically viable substitutes for single-use plastics, today announced the hiring of two new executives focused on scaling up operations both internally and externally….”Helping brands move away from plastic is important to me, and having worked in the industry for 20+ years, I wholeheartedly know how big of an operational hurdle it can be. But when I saw Zume’s factory and the infrastructure and technology they built, I was instantly blown away,” says Pamela Horine, Vice President, Product Research & Compliance at Zume. “I wish Zume’s technology existed decades ago as brands and our planet would be in a better place.”….. I am excited to bring my knowledge, experience, and collaborative spirit to Zume,” says Kumar Selvam, Vice President, Supply Chain of Zume. “It’s not every day that I am able to merge my passion for the environment with my skills in operations, and with Zume, I’m able to do both.”
So for readers interested in the general space of supply chain management and/or sustainability in general, you can browse through the piece and maybe pick up some information for further digging into the overall topic. We’ll come back to how payments fit across the space in another commentary along the way.
‘As a leader in advanced molded fiber technology, Zume offers brands a single tech stack of hardware, software and services to make it easy and possible to swap out plastic packaging with sustainable alternatives. Currently, single-use plastic is a $320B industry and until today, there’s been no economically viable substitute to move away from plastic….”If you want to make a dent in single-use plastic, you have to look at the entire supply chain and that’s what we do at Zume,” says Alex Garden, Chairman and CEO of Zume. “Pam and Kumar are the exact leaders we need to serve our global customers and I couldn’t be more honored to work with them.”…This news comes on the heels of Zume expanding its molded fiber technology and sustainable manufacturing solutions across 21 countries through key partnerships with companies like Jefferson Energy Enterprise, Parason, Satia Industries and many others.’
Overview by Steve Murphy, Director, Commercial and Enterprise Payments Advisory Service at Mercator Advisory Group