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Show notes made by Deciphr.ai…apologies for any errors!
About The Guest(s):
Adam Peek is a speaker and consultant in the label industry. He is passionate about helping young people get involved in the industry and shares his insights on social media platforms like LinkedIn.
Summary: Adam Peek recaps the second day of the TLMI annual meeting. He highlights the sessions he attended, including Brian Vandewater's talk on the eight wastes in manufacturing and processing. Adam also discusses Matthew Reddington's presentation on why RFPs don't work in the packaging industry. He shares observations about the packaging market and his own session with the label leaders of tomorrow. Adam concludes by mentioning the upcoming awards event and his travel plans to Atlanta for Printing United.
Brian Vandewater discussed the eight wastes in manufacturing and processing, including overproduction, transportation, inventory waiting, over processing, rework, motion, and intellect.
Matthew Reddington explained why RFPs are rarely realized in the packaging industry and suggested that working with group buying groups is a more sustainable way to save money.
Observations in the packaging market include extended producer responsibility, void fill laws, mill closures, sustainability, mergers, and Uline's significant market share in packaging distribution.
"The eight waste that Brian talked about was overproduction, transportation, inventory waiting, processing, over processing, rework, motion, and intellect." - Adam Peek
"RFPs are requests for pricing, but we don't actually have to really honor that pricing." - Adam Peek
"Working with group buying groups is actually a more sustainable way to save money." - Adam Peek
"Uline has captured over 10% of the market share in packaging distribution." - Adam Peek