Amazon invests in 3D packaging specialist CMC to boost Frustration-Free Packaging
Italian 3D packaging automation specialist CMC Machinery has landed a minority investment from Amazon through the online retail giant’s Climate Pledge Fund. CMC’s technology will help propel the “Frustration-Free Packaging” (FFP) guidelines, by which Amazon is incentivizing vendors to reduce e-commerce material usage through a credit scheme.
Amazon’s Climate Pledge Fund aims to achieve carbon neutrality throughout its practices by 2040, ten years ahead of the Paris Agreement. The investment program launched in 2020 with an initial US$2 billion in funding.
The pledge is a corporate venture capital fund that invests in companies developing environmentally sustainable and decarbonizing technologies that can accelerate Amazon’s path to neutrality. Amazon co-founded the pledge in 2019 to underscore its commitment to building a sustainable business for its customers and the planet.
Packaging Insights
Related news
Amazon brings same-day perishable food delivery to 1K cities and towns
The retailer plans to expand the service, which allows shoppers…
Read more >Amazon to invest $54 billion in Britain over next three years
Amazon has deepened its commitment to Britain, with the e-commerce…
Read more >AliExpress launches fulfillment in Europe
Chinese online marketplace AliExpress is launching Local+, a fulfillment solution…
Read more >Related news
62,700 purchases – all previous records broken at ALDI’s Sziget store
ALDI has set up a pop-up store at the Sziget…
Read more >The world of Minecraft comes to life in SPAR stores
The characters from one of the world’s most well-known and…
Read more >Ministry of Agriculture: Hungarian farmers can always count on the national government
Hungarian farmers are one of the government’s most important allies,…
Read more >