About the Guest(s):
Alan Beaulieu: An esteemed economist known for his insightful economic forecasts, Alan Beaulieu has been sharing his expertise at the Tag and Label Manufacturers Institute (TLMI) show for 16 years. He brings a wealth of knowledge on how policies impact economies, particularly focusing on the packaging and manufacturing sectors. Alan is a prolific author and a renowned speaker, lauded for his clear communication style and deep understanding of global economic trends. Though he is retiring, his influential ideas and published works continue to guide industries.
Cory Francor: An expert in digital printing, Cory Francor plays a vital role within NAPCO, a company recognized for its comprehensive research on industry trends. He delivers consulting and strategic insights, focusing particularly on advancements in digital and packaging printing. Corey's emphasis on innovative printing technologies and sustainability has made him a valuable voice in both the industry conferences and educational platforms.
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Episode Summary:
In this engaging episode of the People of Packaging podcast, host Adam Peek reports from the TLMI (Tag and Label Manufacturers Institute) show at La Cantera Resort and Spa in San Antonio, Texas. Engaging discussions surrounding economic forecasts and digital printing advancements unfold, featuring presentations from reputable figures like economist Alan Beaulieu and digital printing expert Corey Francor. Each presenter offers unique insights into current trends and future expectations within the packaging industry.
Alan Beaulieu shares a comprehensive economic outlook, forecasting global growth from 2025 through 2029 and highlighting potential economic challenges into the 2030s. The session also addresses U.S. export trends, labor shortages, and the influence of immigration laws on the workforce. Meanwhile, Corey Francor discusses the increasing demand for digital printing solutions, focusing on their importance for short lead times and cost-efficiency. He emphasizes how brands are adapting to digital and sustainable practices, stressing transparency with regulatory compliance and sustainability documentation as crucial for industry credibility.
Key Takeaways:
Expect global economic growth from 2025 to 2029; be prepared for potential economic downturns in the early 2030s.
U.S. manufacturing and exports are critical, with European and Mexican markets as top import partners.
Digital printing is increasingly favored by brands for its efficiency and cost benefits, especially within the label printing sector.
Sustainability is a top priority for brands, with a significant demand for clear and documented information from packaging suppliers.
Embracing data and technology for improved efficiency is vital for navigating future economic uncertainties.
Notable Quotes:
"I'm going to talk about how policies are impacting the economy, not how politics are" – Alan Beaulieu.
"Digital printing is driving the label industry forward with short lead times and cost efficiency." – Cory Francor.
"Listen to millennials because they tend to have a mindset towards efficiency." – Alan Beaulieu.
"Brands are demanding the digital experience over just the digital capability." – Corey Francor.
"Remember, data and technology have to be done with a purpose." – Adam Peek.
Resources:
Corey's Resource at NAPCO
Tag and Label Manufacturers Institute (TLMI) official website: TLMI
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Discover more in this episode to learn how the interplay of economic trends and technological advancements is shaping the future of the packaging industry. Don't miss out on future insights; subscribe to the People of Packaging podcast today for continued educational and industry-shaping content.
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