by Ashley Turrell, membership & analytics director, MAPP Wages continue to increase for plastics industry employees, and processors still are looking to hire, according to the most recent data published in the 2020 Plastics Industry Wage & Salary Report by the Manufacturers Association for Plastics Processors (MAPP). This year’s report reveals an average 3% increase in … [Read more...] about Compensation Amid a Pandemic: Trends in the Plastics Industry
Benchmarking
The Impact of COVID-19 on Plastics and Parallel Industries
by the Manufacturers Association for Plastics Processors The Manufacturers Association for Plastics Processors (MAPP), in response to processing executives’ request for data to better understand the impact of the COVID-19 pandemic, began generating biweekly “pulse” reports in the early part of April 2020. These pulse reports cover a wide range of business information, … [Read more...] about The Impact of COVID-19 on Plastics and Parallel Industries
Cautious Optimism is Overwhelmed by Economic Shock and Uncertainty
by Greg Alonso, principal, Plante Moran The 2020 calendar year began with a solid, consumer-driven US economy, historically low unemployment and rising wages. The prevailing sentiment regarding near-term economic prospects was cautious optimism as the longest running recovery on record seemed likely to continue. Other significant events with economic implications included a … [Read more...] about Cautious Optimism is Overwhelmed by Economic Shock and Uncertainty
COVID-19: Business Policies and Best Practices
by Ashley Turrell, membership & analytics director, MAPP When the Manufacturers Association for Plastics Processors (MAPP) asked plastics executives to rank their top priorities for the year in January 2020, no one could have anticipated the pandemic and the quick shift in business that would take place. As business leaders pivoted on their initial plans and strategies, … [Read more...] about COVID-19: Business Policies and Best Practices
Forecasts are Changing for Plastics Manufacturers in 2020
by Ashley Turrell, membership & analytics director MAPP Fourth-quarter indicators are down, nearly across the board, for plastics processors. Company leaders are reporting slowing sales, lower quoting activity and shrinking profit margins to round out the end of 2019. This stands in stark contrast to the sentiments and data shared just one year ago, according to the … [Read more...] about Forecasts are Changing for Plastics Manufacturers in 2020