Business Management - Finance/Financial
As the U.S. economy continues its climb from the depths of recession, there are still many questions regarding the second stimulus package. Further delays in an agreement could possibly lead to a deceleration of economic recovery. A situation like this would certainly slow recovery and the longer the wait, the more urgent the situation may become.
In the second COVID-19 Print Business Indicators Report, participants indicated that activity, as well as optimism, was rising across all segments compared to the deepest days of the crisis. While the road ahead may still be challenging, the past few months have been highlighted by some clear steps toward recovery.
In this session, Paul Reilly and Tom Williams will share their perspective on how best to achieve post-pandemic business recovery.
In the second COVID-19 Print Business Indicators Research report from NAPCO Research and the PRINTING United Alliance, the packaging segment of the printing industry has shown the least amount of negative impact from the COVID-19 pandemic, due to increased demand for essential products across multiple market segments.
Heidelberg has announced it is selling the Gallus Group to benpac holding ag, as part of the company's realignment. Though Heidelberg's future plans are to focus on sheetfed printing, it will still collaborate with Gallus on the Labelfire digital press.
Southern Champion Tray (SCT) has announced its acquisition of Honeymoon Paper Products, a supermarket and retail bakery, deli, food service, and wholesale packaging provider. Honeymoon's product portfolio will be integrated into SCT, expanding the printing technology opportunities for Honeymoon's packaging.
As the lockdown on the economy lifts, printing and packaging companies can expect to see an upturn as demand increases for products and services. But this recession is unlike others we have seen in the past, and non-economic factors will impact the bounce back.
In print, the best practices have been evolving for years across a diverse group of segments and there are plenty of lessons to be learned. Benchmarking against industry leaders and average companies provides invaluable insight and can set a struggling company on a new strategic path or even take an average firm to the next level of profitability.
In a new research program from NAPCO Research and the PRINTING United Alliance, key business indicators are being tracked in an effort to monitor the impact of COVID-19 on package printers and converters and the expectations for economic recovery.
With uncertain economic times resulting from the ongoing coronavirus pandemic, business owners and packaging companies are seeking strategies to prepare. In a Paperboard Packaging Council webinar hosted on Wednesday, April 29, Dr. Jeff Rosensweig of Emory University offered his outlook and insights on the economic impact of COVID-19.