Where to begin...where to begin.
Today's sessions began with a changing of the guard or passing of the gavel. Departing PPC Chairman swore in the association's new Chairman, Steven Levkoff, of The Standard Group.
Before officially vacating his position, J. Anthony Petrelli, of CardPak recounted some of the Council's successes during his two-year tenure, including record attendance at its Outlook and Strategies conferences, and increased participation among all members. "There is no power of association if there is no power of participation," he said--words that transcend all industries and associations. He called upon all present to continue to participate at the level they are today.
Incoming Chair Levkoff pledged to continue to preach the Council's "renewable, recyclable, and sustainable" message.
Good news, package printers--times are getting better. So says Alan Beaulieu, from the Institute of Trend Research (ITR). According to Beaulieu, there's no need to worry about the sugar high of the recovery wearing off. He advised everyone today to relax and enjoy the ride for the next two to three years. He predicts that the recovery will level off in 2013, but that we'll have a mild recession in 2014. However, the three years following 2014 will be a time of recovery and good times.
What he does caution about, because really, it's hard to talk about the economy these days without eventually discussing caution, is inflation. It's on the way. He contends that we should go back to the 1970s and learn from what happened during that decade.
But, until inflation starts, and it will, now is the time to spend money. He left attendees with the following actions to take:
Prepare for inflation.
See a tax advisor
Make key capital purchases and/or acquisitions now.
- Increase your marketing and advertising efforts to improve your competitive advantage