The paper goods industry is growing. In fact, according to Market Watch, the paper towel industry in particular is expected to grow at a compound annual growth rate (CAGR) of roughly 4.6% over the next five years. Indeed, given their disposable nature, paper towels and toilet paper are good products to sell. After all, they are consumed by households and businesses regularly.
If you’re a manufacturer or supplier of paper goods, then you may be wondering how you can improve your output and lead times. One powerful solution is to choose a conveying system that is designed to streamline the production of paper goods products.
New trends emerge in business all the time. With 2020 now underway, there’s never been a better time for companies to improve operations and align with goals. In the packaging industry, which is projected to reach $218.4B by 2025, cutting costs at facilities remains a core focus and new changes include green-conscious consumer demands for better packaging.
mk North America, Inc. Introduces VersaFlex Conveyors
New versatile and flexible flat top chain conveyor system featuring a modular design
Bloomfield, Conn. –Leading conveyor system designer and manufacturer, mk North America, Inc. has announced the addition of a new conveyor, VersaFlex, to its product line-up. The new flat-top chain conveyor system is intended to meet complex design needs and will replace the SBF-P 2254 conveyor line.
Each New Year, industries across the globe predict what trends will emerge that change the course of how they do things. These insights serve as a focus to help both shift priorities and to best position businesses for success.
As we enter a new decade, and with major technological innovations already happening, it’s certainly an exciting time to be in food manufacturing. This industry is unique in that it must not only comply with stringent regulations, but it is also under pressure to constantly change and meet consumer demands.
During the first two quarters of 2019, the manufacturing sector as a whole saw notable growth; however,according to J.P. Morgan’s Global Manufacturing PMI Report, the global manufacturing sector declined in September, but began to stabilize soon after.
What was the cause of this dip? With the understanding that every industry is unique,Deloitte points to muted job growth and tariff fluctuations as key factors. While it is true that fewer employees were hired in 2019 than in 2018, it’s important to remember that more manpower isn’t always a necessity in every industry; on the contrary, to thrive, it’s better to focus on acquiring and retaining talent who can help improve efficiency and output.
To off-set the fluctuating costs of supply chain models, manufacturers should look to lean manufacturing, automation, and most importantly, the needs and wants of their customers.
