In 2018, Pact ranked 26 on the overall list, from more than one thousand nominated organisations across Australia and New Zealand. Pact is the only packaging company and one of only three companies in all of Australasia to make the prestigious list for the past six consecutive years.

The assessment measures a top innovation implemented in the past twelve months. Specifically, the judges look at how valuable the problem is that the innovation is solving, the quality and uniqueness of the solution, and the level of impact that the innovation has had. Inventium assesses internal elements such as innovation culture, strategy, resources and process, which demonstrate a sustainable and repeatable approach to innovation.

Pact was thrilled to be recognised for designing and manufacturing an infant formula lid for one of Australasia’s most prominent exporters of infant formula that has multiple layers of tamper security for anti-counterfeit. Both layers are self-destructive to ensure any attempt to remove the lid and place it on another package will result in its irreversible destruction to prevent tampering, substitution, or cloning.

Dr Amantha Imber, CEO Inventium said “The field of entrants for the 2018 AFR Most Innovative Companies list is the highest quality we have seen in seven years of judging the list. Making the 2018 list is a massive achievement and signals that the organisation is not only producing highly impactful innovations, but also has a sustainable approach to growth.”

The full Top 100 list can be viewed here