If you own or run a converting or package-printing business, everyone seems to ask you the same question: “How is your business doing these days?” Of course, the answer varies a lot by the type of business you and your customers are in, and how diversified your customer base is. In this economic climate, most label converters are in a little bit better shape than other businesses, because a large portion of labels are used on small-ticket items such as food or health and beauty, and these items are not as affected by a recession as are larger ticket items like automobiles, furniture, and housing. Also, most converters tend to be smaller businesses that are privately owned. These owners are more conservative by nature and are not likely to have large amounts of debt on their balance sheets. This makes them better able to focus on the long term instead of quarter to quarter like public or private-equity-backed companies.
- People:
- Terry R. Fulwiler