Stora Enso Launches Box Inc. – a B2B Marketplace for Renewable Packaging
Stora Enso introduces Box Inc, a digital B2B marketplace for corrugated packaging made of renewable materials. Box Inc is a new platform business designed to help companies source packaging easily online, while enabling suppliers to access new customers without having to create their own digital presence.
“Box Inc digitalises the traditional buying process by allowing buyers and sellers of packaging to complete the full sourcing journey online,” said Mikael Fristedt Westre, Head of Box Inc. “As customers are increasingly expecting digital convenience, we offer a smart solution that reduces the time and effort needed to find the best offer.”
Box Inc has launched in Germany, the largest European market for corrugated packaging, with plans to expand to other markets in Europe. Box Inc makes it easier for brands and companies to buy packaging that is low-carbon, renewable, plastic-free and widely recycled.
There are no fees associated with purchasing packaging on Box Inc and payments are handled securely. Revenue is generated by charging a commission fee paid by the supplier based on actual orders. Box Inc is fully owned by Stora Enso but operates as its own legal entity and brand.
“With Box Inc, we are leveraging Stora Enso’s strong market presence and knowledge of the corrugated packaging industry. As a front runner in digitalisation in our industry, we see Box Inc as a great example of a platform business adding value to suppliers and customers alike,” says David Ekberg, Head and EVP of the Packaging Solutions division at Stora Enso.
For more information about Box Inc, visit http://www.boxinc.com/en.
About Stora Enso
Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 25 000 employees in over 30 countries. Our sales in 2019 were EUR 10.1 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com
Carl Norell – Head of Media Relations – +46 722 410 349
Source: Stora Enso Oyj