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Jack Welch, the former chairman and CEO of General Electric, was noted, “Change before you have to.” That is good advice, and for purchasing executives in the ink industry, they are important words to live by.
The challenges facing purchasing executives are becoming ever greater. Jeff Shaw, Sun Chemical’s chief supply chain, quality and business improvement manager, recently led off his presentation during NAPIM’s Annual Convention’s Technical Associate Member breakfast with Welch’s quote, as he focused on the concerns as well as the opportunities facing the ink industry and its suppliers.
There are many concerns for the ink industry. Increasing regulatory enforcement, particularly in China, is causing shutdowns of key raw material producers. Some suppliers are cutting off manufacturing of certain ingredients due to new regulations like REACH, while consolidation is reducing the number of suppliers in other segments. Meanwhile, printers
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