Packsize
The waste industry hears it often: spent packaging is a problem, and with ecommerce increasing by double-digit figures year over year, that problem is growing even more rapidly since the pandemic with more people shopping on-line. In recent months, some markets have seen a 63% increase in residential cardboard alone, according to Republic Services. This trend continues to drive new packaging designs to reduce waste. But a few companies, rather than spin new designs, are innovating in other ways.
They have developed technology that makes packages automatically in the quantities, and at the time, they are needed. And they’re configured to fit snuggly around whatever they contain. These concepts are often described as on-demand and rightsize packaging.
Operator
Thank you for standing by, and welcome to the WestRock Company first-quarter fiscal 2021 results conference call. [Operator instructions] I would now like to hand the conference over to your speaker today, Mr. James Armstrong. Please go ahead, sir.
James Armstrong
Vice President of Investor Relations
Thank you, Justin. Good morning, and thank you for joining our first-quarter 2021 earnings call. We issued our press release this morning and posted the accompanying slide presentation to the Investor Relations section of our website. They can be accessed at ir.westrock.com or via a link on the application you are using to view this webcast.