Reported 8 months ago
Amazon has announced plans to replace 95% of plastic pillows in its packages with paper fillers, aiming to avoid 15 billion plastic air pillows annually. Investors are now eyeing Ranpak Holdings (NYSE: PACK) as a potential beneficiary of this decision. Ranpak, a company specializing in packaging machines and consumable paper products, stands to gain from Amazon's move, as it already has ties with the e-commerce giant. With recurring revenue from consumables and potential ripple effects in the e-commerce industry, Ranpak's stock offers a reasonably priced, low-risk investment with the possibility of substantial growth.
Source: YAHOO