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FLEXO Magazine : September 2009
26 FLEXO SEPTEMBER 2009 www.flexography.org INDUSTRY INDICATORS Next up: Labelexpo of the Americas. Sept. 14-16, 2010, Rosemont, IL. and files for customers' to search, interrogate, see the cur- rent status of their orders, stockholding, etc, can all be part of adding value to a business in a recession and generating customer loyalty. They can even provide parallel costing and profitability information between a company's conventional and digital presses. Why not talk to the MIS suppliers at Labelexpo about how they can enhance the performance and profitability of your business? Or what about looking at software investment to access press set-up and production data via a remote computer? Label converters should not be ruling out anything during recessionary times, at least not without having a well-consid- ered business and action plan while the recession continues, and where they want to be placed when the recession come to an end. THINK POSITIVE Label converters should regard Labelexpo Europe 2009 as a major opportunity. It is almost certain that label production, supply and service will come out of the recession very differ- ent to how it went. Label buyers will undoubtedly see to that. They want label suppliers to better manage information, to better control performance, to better add value, to be greener and leaner, and to work with them to take costs out of the sup- ply chain. Converters should be thinking positive. The world is still full of label opportunities: global food production and supply is set to double over the next 20 years; in 10 years or so, some 16 percent of the world's population will be more than 65 years of age, which will bring a major requirement for new products and services in healthcare; an expected billion or so (higher income) consumers will be entering the global marketplace and spending more; Brazil, India and China are providing key new targets for multinational beauty brands; there is a mas- sive explosion worldwide in private label brands. The positive stories still go on. Whilst many manufacturers in Europe and worldwide have undoubtedly been running down stocks held in warehouses over the past year, and inventories have fallen at their fastest rate since 1948 (so reducing label demand), the good news is that stocks are now generally so low that firms are at least starting to look at placing orders again---which will help manufacturers and label converters alike in the coming year. So, plan now to get the most out of Labelexpo Europe. Set targets for visiting the show, plan strategies to make the most of demonstrations and presentations, have guidelines on what is to be achieved over the four days, and come away with an enhanced business plan and profitability in mind. Labelexpo is undoubtedly the main opportunity this year for label converters' to successfully plan and build a more profit- able future. Make sure you don't miss out.