By Lindsey Munson, editor, Plastics Business “If you can’t be replaced, you can’t be promoted,” are words that resonate with leaders. This quote stands as a simple reminder and sound advice to those seeking a leadership role or being a “succession” – on-the-job training and sharing processes and procedures are critical components to reaching the next step on the ladder. … [Read more...] about Effective Leadership Planning for NextGen Succession
Business Planning
Protecting Plastics Processors from Digital Disruption
By Tom Wojcinski, principal, and Michael J. Devereux II, CPA, CMP, partner, Wipfli While talking with a group of plastics processors, one asked if there was anything a manufacturer could do to ensure its operations are not hacked. But, of course, there is no way that’s possible, especially in today’s connected manufacturing environment. Even if a processor disconnected … [Read more...] about Protecting Plastics Processors from Digital Disruption
Partnership with ITR Economics Enhances Member Benefits
By Lindsey Munson, editor, Plastics Business On the rise and expected to grow over the next decade, the plastics industry is evolving and transforming by the day, and companies are challenged with meeting their operational expectations no matter the external market trends and economic impacts. Management teams are pressured now more than ever to assess, plan and respond … [Read more...] about Partnership with ITR Economics Enhances Member Benefits
Top 5 Plastics Business Articles of 2023
While work on the first issue of 2024 is well underway, we paused to see which Plastics Business articles from 2023 caught the eyes of our readers. The following stories were the top reads from 2023 for visitors to the website. Recycled Resins Fill Sustainability Gaps in Plastics Processing Consumer preference increasingly favors sustainable products and is driving … [Read more...] about Top 5 Plastics Business Articles of 2023
Year-End Economic Outlook: Here We Go Again
By Chris Kuehl, managing director, Armada Corporate Intelligence Rather suddenly, the threat of recession is back. Many had been predicting the downturn would occur as early as Q3 of last year. However, growth numbers consistently exceeded expectations (2.6% in Q3, 2.9% in Q4, 2.3% in Q1 of this year and another 2.3% in Q2). Then the biggest shock yet – growth in the third … [Read more...] about Year-End Economic Outlook: Here We Go Again