• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Top Companies
    • Printing Inks
    • Raw Materials
    • Equipment
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Exclusives
  • Top Companies
  • Printing Inks
  • Raw Materials
  • Equipment
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    The 2022 Packaging Ink Report

    The UV Ink Market Continues to Thrive

    The Conductive Ink Market is Showing Growth

    The 2022 Resin Report

    EU Chemicals Sector Embarks on Transition Pathway
    Breaking News
    Distributor News
    Financial News
    Industry News
    Ink Manufacturers News
    Market Research
    Mergers and Acquisitions
    New Products
    Personnel
    Price Increases
    Printers News
    Suppliers News
    Live From Shows
    Top News
    Nazdar Ink Technologies to Manufacture VFP Ink Technologies Electronic Inks for US

    Sun Chemical Heads to Flexo and Labels 2022

    PETRONAS Chemicals Group to Acquire Perstorp Group

    SunDance Moves into Flexible Packaging with HP Indigo

    FTA and FFTA Announce 2022-2023 Board Updates
    Top North American Companies
    Top International Companies
    Conductive Inks and Printed Electronics
    Graphic Arts Coatings
    Inkjet Inks and Toners
    Marking and Pad Printing Inks
    News Inks
    Packaging Flexo Inks
    Packaging Gravure Inks
    Publication Gravure Inks
    Publication Offset Inks
    Screen Inks
    Sheetfed Inks
    Specialty Inks
    UV and EB Inks

    Nazdar Ink Technologies to Manufacture VFP Ink Technologies Electronic Inks for US

    Sun Chemical Heads to Flexo and Labels 2022

    SunDance Moves into Flexible Packaging with HP Indigo

    FTA and FFTA Announce 2022-2023 Board Updates

    INX to Highlight Color Perfection Program, INX University at GulfCan
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    PETRONAS Chemicals Group to Acquire Perstorp Group

    Ingevity Announces Price Increase for Pine Chemical-Based Products

    Carbon Black Producer Birla Carbon to Increase North American Prices

    RadTech 2022 Highlights UV/EB Opportunities in Electronics

    Next Generation Evonik: Next Phase of Its Strategic Transformation
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    RadTech 2022 Highlights UV/EB Opportunities in Electronics

    ROSS Mixers Restored to Like-New Condition

    UV Curing System Market Worth $8.6 Billion by 2026: MarketsandMarkets

    byko-visc Offers New RT Rotational Viscometer

    Vuletech Becomes Sole Agent for IM GROUP in Vietnam
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    Evonik Corporation

    Custom Milling and Consulting

    ARCOLOR AG

    Brilliant Group, Inc.

    Shamrock Technologies, Inc.
    Industry Events
    Live from Show Event
    Webinars
    Top Events
    Middle East Coatings Show 2022

    Labelexpo Americas 2022
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Departments
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directory
      • Buyers Guide
      • Distributor Guide
      • European Ink Directory
      • U.S. Ink Directory
      • Trade Associations
    • Printing Inks
      • Conductive Inks and Printed Electronics
      • Graphic Arts Coatings
      • Inkjet Inks and Toners
      • Marking and Pad Printing Inks
      • News Inks
      • Packaging Flexo Inks
      • Packaging Gravure Inks
      • Publication Gravure Inks
      • Publication Offset Inks
      • Screen Inks
      • Sheetfed Inks
      • Specialty Inks
      • UV and EB Inks
    • Raw Materials
      • Additives
      • Energy-Curable Materials
      • Flushed Colors and Pigments
      • Metallics and Special Effects Pigments
      • Resins
      • Vehicles and Varnishes
      • Waxes
    • Equipment
      • Energy-Curing Equipment
      • Mills and Mixers
      • Testing, Color and QC
    • Top Companies
      • Top North American Companies
      • Top International Companies
    • Online Exclusives
    • Slideshows
    • Expert's Opinion
    • Videos
    • eBook
    • Podcasts
    • Blog
    • Infographics
    • Whitepapers
    • Jobs
    • Supplier Microsites
      • Companies
      • Literature / Brochures
      • Whitepapers
      • Product Spec Sheets
      • Videos
      • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Online Exclusives

    TLMI Delivers Optimism About Label Industry's Future

    A host of industry experts shared their insight on the state of the industry, with predictions for the years to come.

    TLMI Delivers Optimism About Label Industry
    Related CONTENT
    • Huhtamaki Receives EcoVadis Gold Medal for Sustainability Performance in 2021
    • Quad Names Kris Persons SVP of Direct Marketing
    • Xerox Promotes Deena LaMarque Piquion to Chief Marketing Officer
    • Roland DGA Announces Launch of New VersaUV LEC2 S-Series UV Flatbed Printers
    • Kornit Digital Announces Environmental, Sustainability Goals
    Greg Hrinya, Editor, Label & Narrow Web04.20.21

    Even though industry members were unable to meet in person, TLMI delivered an action-packed Virtual Spring Summit, highlighting the latest industry trends and providing a forecast for the future.

     

    Alan Beaulieu, president of ITR Economics and a fixture at TLMI events, shared his optimism for the immediate future while raising questions about the country’s long-term economic future. Beaulieu expects every piece of legislation that President Joe Biden touches to address climate change in some form, and he believes America’s relationship with China will continue to change going forward. Plus, a tax increase is on the horizon.

     

    According to Beaulieu, we can expect to see an increase maximum corporate income tax rate to 28%, with a 15% minimum tax on corporate global book income. A 21% country-by-country foreign minimum tax is also envisioned.

     

    While the immediate impact of the pandemic and vaccine rollout, presidential election, and various other fiscal policies remain to be seen, Beaulieu painted a strong picture for the next few years – into 2022-23. Even though taxes are expected to increase, that move will take some time.

     

    “First of all, I want to allay your fears,” said Beaulieu. “The Federal Reserve says interest rates will stay low, so that will be your friend this year. You won’t see a lot of increase in 2022-23. Now is the perfect time for you to make acquisitions. Make sure it’s paid off by 2030, and keep cash dry for years to come to fuel growth. Of course, you also want to make sure your products are state-of-the-art and innovative and that your supply chain is sound.”

     

    Beaulieu also predicts more nationalism heading into the future, with President Biden’s plan to “Build Back Better.” Those that make their products in the United States will receive a tax credit, and “one of the safest places to be sourcing from is the United States. The President is pushing hard for ‘Made in America.’ He wants to invest in America, and he wants the supply chain to return to America. This President is making a strong stand toward China.

     

    “Make sure you’re investing in sales and marketing, your process; make sure you’re investing in you, from the front office to the back room,” he added. “That will increase your profitability heading into the future. Your business is going to continue to be the beneficiary of positive things. Well into 2022 you’re going to see yourself busy. Everything that you’re labeling and tagging will be doing better and better into 2022.”

     

    Beaulieu advised on how to approach the manufacturing industry’s workforce challenge, as well. Research shows that on a new employee’s first day, 79% are already thinking of their next job. Therefore, a strong culture and a positive first impression are key in retention.

     

    “You’re going to have to work harder at retention, doing everything you can to attract people,” noted Beaulieu. “Go to an HR expert, asking about attracting and retaining. Show your business to the community, focusing on everything, including how the outside of the facility looks.”

     

    Other future trends include a shift toward e-commerce and more rise in the S&P 500. The trend toward e-commerce is not a death knell for the brick-and-mortar store, however.

     

    “It’s an e-commerce world, but that’s not the end-all, be-all. You’re going to see demand on both sides,” he commented. There’s going to be a recovery in retail sales, and nothing but good news as the population continues to expand.”

     

    While the immediate future looks rosy, the year 2030 could pose a host of problems. Prices are well above profits, and that’s dangerous, Beaulieu cautions. “We’re in a situation where you can expect trouble down the road, but that’s not now. The younger generation should get the most out of the next nine years to grow as much wealth as you can. Meanwhile, the older generations need to protect against downturns and crashes in the future. How do I prepare for 2030? Some part of your portfolio should include equities so you’re prepared for what’s coming.”

     

    Leadership panels

    The TLMI Virtual Spring Summit featured an all-star cast of industry experts, ranging from converters to suppliers. The Converter Leadership Panel featured Brian Gale, CEO of ID Images, Michelle Zeller, president of AWT, Thomas Barrett, president of Macarthur Corporation, John Fischer, owner of StickerGiant, and Mark Pollard, CEO of Brook & Whittle.

     

    The panel provided the experts an opportunity to share their thoughts on the state of the industry and how their companies navigated what TLMI president Linnea Keen noted was “an unprecedented year.”

     

    “Overall, demand has definitely increased,” said Zeller. “Consumers are buying more products at home, so if you’re in markets like beverages, you probably saw a good increase. Medical device labeling slowed down with people not having elective surgeries.”

     

    Despite positive sales, converters faced – and continue to face – uncharted territories during the COVID-19 pandemic.

     

    “We saw markets up and down significantly,” explained Gale. “Overall, things ended up being good for the year. My pet answer is if I fell asleep in March and woke up December 31, I’d wake up and say we had a good year. It’s still challenging for our employees, with some spouses working and some not working. Are the kids at home? People still feel angst, and that’s a challenge I don’t see changing any time soon. We’re looking for answers for that.”

     

    Fischer acknowledged that his team had difficulties adjusting to remote work and keeping everyone’s efficiency at peak performance, while Barrett noted challenges with staffing.

     

    One thing was clear, though. Converters are not shying away from making sensible investments.

     

    “We’re investing at a rate we haven’t seen before,” said Pollard. Putting the machines in is the easy part. It’s getting the people trained to run them that’s the challenge. We’ll continue investing heavily, we just hope we can keep the labor force growing at the same rate.”

     

    “We’re investing like drunken sailors,” added Gale. “You have to. The biggest challenge is lead times. If you’re not investing, your business will go away.”

     

    Meanwhile, the Supplier Panel included Patrick Potter, president of Flexo Wash, Dave Hiserodt, president, USA and Canada, Siegwerk, Catherine Heckman, business unit director at Ashland, David Morris, president of Kocher + Beck, and Kevin Clunie, vice president of sales and marketing at Mactac North America.

     

    “I was surprised somewhat that a lot of projects continued to move on, and customers sought to automate much of their production to answer their labor challenges,” stated Potter. “We’re happy to say we’ve survived in very good form. Our ability to provide good service to our customers has just increased. Now we can solve a problem very quickly and get someone up and running much more easily with remote servicing and automation.”

     

    “We’re lucky to be in this industry,” commented Hiserodt. “There are ups and downs, but we keep plugging along. It was a good 2020 for our business.”

     

    Siegwerk had its employees work in shifts, while Mactac provided a flexible schedule to offer more space around the office.

     

    “From a customer perspective, we are traveling for mission-critical technical support, as needed and where we could,” explained Clunie. “From a sales side, we’ve worked to respect our customers' protocols and implemented remote measures.”

     

    Eugene Singer Awards announced

    To learn more about the Eugene Singer Award winners, click here.

    Suggested For You
    Huhtamaki Receives EcoVadis Gold Medal for Sustainability Performance in 2021 Huhtamaki Receives EcoVadis Gold Medal for Sustainability Performance in 2021
    Quad Names Kris Persons SVP of Direct Marketing Quad Names Kris Persons SVP of Direct Marketing
    Xerox Promotes Deena LaMarque Piquion to Chief Marketing Officer Xerox Promotes Deena LaMarque Piquion to Chief Marketing Officer
    Roland DGA Announces Launch of New VersaUV LEC2 S-Series UV Flatbed Printers Roland DGA Announces Launch of New VersaUV LEC2 S-Series UV Flatbed Printers
    Kornit Digital Announces Environmental, Sustainability Goals Kornit Digital Announces Environmental, Sustainability Goals
    IMCD US Pays Tribute to First Responders for the 20th Anniversary of 9/11 IMCD US Pays Tribute to First Responders for the 20th Anniversary of 9/11
    Meteor Inkjet Celebrates Growth with Significant Expansion of Facilitites Meteor Inkjet Celebrates Growth with Significant Expansion of Facilitites
    EFI Reggiani Launches Fastest High-Quality Scanning Digital Textile Printer EFI Reggiani Launches Fastest High-Quality Scanning Digital Textile Printer
    Demand for Sustainable Print Technologies Creates New Opportunities Demand for Sustainable Print Technologies Creates New Opportunities
    The Printing Ink Industry in India The Printing Ink Industry in India
    Tetra Pak Releases Its 22nd Annual Sustainability Report Tetra Pak Releases Its 22nd Annual Sustainability Report
    MCC Receives Silver Medal from EcoVadis for Sustainability Efforts MCC Receives Silver Medal from EcoVadis for Sustainability Efforts
    Avient Acquires Magna Colours, Adds to Screen Ink and Sustainability Portfolio Avient Acquires Magna Colours, Adds to Screen Ink and Sustainability Portfolio
    Agfa to Present Inkjet Solutions at FESPA 2021 Agfa to Present Inkjet Solutions at FESPA 2021
    HP Inc. Reports Fiscal 3Q 2021 Results HP Inc. Reports Fiscal 3Q 2021 Results

    Related Online Exclusives

    • RadTech 2022 Returns to Orlando, FL

      RadTech 2022 Returns to Orlando, FL

      The energy-curing industry will highlight the latest technologies, research and sustainability during this year’s conference.
      David Savastano, Editor 05.05.22

    • Ink Manufacturers News
      The Latin America Ink Market Rebounds in 2022

      The Latin America Ink Market Rebounds in 2022

      The ink industry has rebounded from COVID-19, with virtually all of the countries enjoying growth.
      David Savastano, Editor 04.27.22

    • Ink Manufacturers News | Printers News | Suppliers News
      2022 NAPIM Convention Returns to In-Person Event

      2022 NAPIM Convention Returns to In-Person Event

      After three years, the conference returned to an in-person event, with focuses on ink, economy, internships, packaging and more.
      David Savastano, Editor 04.14.22


    • Ink Manufacturers News | Personnel | Suppliers News
      Ink World Q&A: John Copeland of NAPIM

      Ink World Q&A: John Copeland of NAPIM

      As Copeland heads toward retirement, he looks back on his time in the ink industry, and discusses the ink industry’s future.
      David Savastano, Editor 04.07.22

    • Ink Manufacturers News | Inkjet Inks and Toners | Printers News
      Kornit is Making Strides in the Digital Textile Market

      Kornit is Making Strides in the Digital Textile Market

      With its new $25 million ink factory in place, the company’s target of $1 billion in hardware, software and ink sales by 2026 is coming into view.
      David Savastano, Editor 03.31.22

    • Breaking News | Ink Manufacturers News | Printers News
      The 2022 FTA Forum, INFOFLEX Highlight Future of Flexo

      The 2022 FTA Forum, INFOFLEX Highlight Future of Flexo

      The events, which took place from March 13-16, 2022, featured technical sessions, presenta-tions and networking in Fort Worth, TX, USA.
      Greg Hrinya, Label and Narrow Web Editor 03.16.22


    • Industry News | Ink Manufacturers News | Printers News | Suppliers News
      2022 NAPIM Convention Heads to St. Petersburg, FL

      2022 NAPIM Convention Heads to St. Petersburg, FL

      After three years, the convention returns to an in-person event.
      David Savastano, Editor 03.10.22

    • Breaking News | Ink Manufacturers News | Personnel | Suppliers News

      Ink Industry Mourns John Dyer Sr.

      Among the companies he started were Dyall Products, Dyco Associates and Continental Dispersions, Inc.
      David Savastano, Editor 03.03.22

    • Breaking News | Ink Manufacturers News | Printers News | Suppliers News
      Regulatory, Pricing Issues Top NAPIM’s Year-End Update

      Regulatory, Pricing Issues Top NAPIM’s Year-End Update

      The ink industry is contending with fast-rising raw material and logistics costs, new regulatory standards.
      David Savastano, Editor 02.24.22


    • Ink Manufacturers News | Printers News | Suppliers News
      Holistic Totally Productive Manufacturing Management by TPM

      Holistic Totally Productive Manufacturing Management by TPM

      Total Productive Maintenance (TPM) is focused on eliminating all types of losses in production, and is a machine and people-oriented system.
      Joe Cichon 02.17.22

    • Industry News | Ink Manufacturers News | Suppliers News
      TSCA and the Ink Industry

      TSCA and the Ink Industry

      Government regulations are a challenge for ink manufacturers and their suppliers.
      David Savastano, Editor 02.10.22

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News
      Agfa’s InterioJet 3300 Brings Digital Printing to Wood Lamination Segment

      Agfa’s InterioJet 3300 Brings Digital Printing to Wood Lamination Segment

      Target markets include flooring, kitchen cabinets, outdoor cladding, furniture and other hard surfaces.
      02.03.22


    • Ink Manufacturers News | Printers News | Specialty Inks
      Scentisphere Brings Scent Into Packaging

      Scentisphere Brings Scent Into Packaging

      By integrating fragrances into varnish, Scentisphere has helped CPG brands reach more customers and increase sales.
      David Savastano, Editor 01.17.22

    • Conductive Inks and Printed Electronics | Ink Manufacturers News | Marking and Pad Printing Inks | Mergers and Acquisitions | Screen Inks
      Encres DUBUIT Adds to Conductive Ink Capabilities with Addition of POLY-INK

      Encres DUBUIT Adds to Conductive Ink Capabilities with Addition of POLY-INK

      Acquisition gives Encres DUBUIT ability to offer nanoparticles to repace ITO.
      David Savastano, Editor 01.13.22

    • Graphic Arts Coatings | Ink Manufacturers News | UV and EB Inks
      Ink World Q&A: Gary Seward of Pulse Roll Label Products

      Ink World Q&A: Gary Seward of Pulse Roll Label Products

      Pulse Roll Label Products celebrated its 20th anniversary in 2021, and looks ahead to a successful, sustainable future.
      David Savastano, Editor 01.06.22

    Breaking News
    • Nazdar Ink Technologies to Manufacture VFP Ink Technologies Electronic Inks for US
    • Sun Chemical Heads to Flexo and Labels 2022
    • PETRONAS Chemicals Group to Acquire Perstorp Group
    • SunDance Moves into Flexible Packaging with HP Indigo
    • WestRock Publishes 2021 Sustainability Report
    View Breaking News >
    CURRENT ISSUE

    April 2022

    • The 2022 Packaging Ink Report
    • The UV Ink Market Continues to Thrive
    • The Conductive Ink Market is Showing Growth
    • The 2022 Resin Report
    • EU Chemicals Sector Embarks on Transition Pathway
    • Overview of Ink Demand in Asian Ceramic Industry
    • Industry Gears Up for the 2022 American Coatings Show and Conference
    • Defining - Evaluating Impurities, IAS, NIAS, and NLS (Part 2)
    • Needham Group Embraces New Technologies
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Nootropics and Adaptogens Respond to Demand for Mind and Mood Support
    Sabinsa Honors 70th Anniversary of Diplomacy Between India and Japan
    Solvay Invests in Suanfarma’s Vanillin Production
    Coatings World

    Latest Breaking News From Coatings World

    DIC’s Indian Subsidiary Begins Construction of Coating Resins Production Facility
    Celanese Declares Force Majeure on Acetyl Chain and Acetate Tow Products
    CPI Announces New Hybrid Professional Development Program for 2022
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Linear Health Sciences’ Orchid SRV Receives FDA & Health Canada Approval
    Vivasure Medical Raises $23 Million in Series D Financing Round
    New Patents Add Value to Know Labs' Bio-RFID Tech
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Evotec SE and Sernova Corp Announce Partnership in the Field of Diabetes
    Emergex COVID-19 Vaccine Candidate Successfully Coated onto Zosano Micro-Needle Patch
    Thabor Therapeutics Appoints Jérémie Mariau as CEO
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Aveda is Leaping Bunny Approved by Cruelty Free International
    Smashbox Expands Becca Highlighter Collection
    Bite Beauty Is Closing Later This Year
    Happi

    Latest Breaking News From Happi

    Filipino Cosmetics Company Sunnies Face Enters US Market
    Selig Group Names Adam Sheridan Next President
    Nautica Introduces Oceans Pacific Coast Vegan & Sustainable Fine Fragrance Collection
    Ink World

    Latest Breaking News From Ink World

    Nazdar Ink Technologies to Manufacture VFP Ink Technologies Electronic Inks for US
    Sun Chemical Heads to Flexo and Labels 2022
    PETRONAS Chemicals Group to Acquire Perstorp Group
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Essentra Packaging invests in Landa Nanographic press
    Nazdar to manufacture VFP electronic ink for US Market
    SunDance moves into flexible packaging with HP Indigo
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    H&V Appoints Vice President and General Counsel
    The Honest Company to Sell Diapers, Wipes at Walmart
    Jim Cree Joins Monadnock Nonwovens
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Paragon 28 Launches Grappler Suture Anchor System
    Paul Stellato Appointed Chief Accounting Officer at Zimmer Biomet
    DuPuy Synthes’ INHANCE Shoulder System Cleared by FDA for Reverse Total Shoulder Arthroplasty
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Jabil Strengthens Additive Manufacturing Offerings
    Avery Dennison, Wiliot Partner to Build and Scale the Future of IoT
    HP Delivers Enhanced Platform Capabilities to Accelerate Additive Manufacturing Production at Scale

    Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login