Board Converting News, September 14, 2020

INDUSTRY CALENDAR SEPTEMBER 21 AICC Canada/CCCA 13th Annual Member Golf Tourna- ment, Nobleton Lakes Golf Club, Nobleton, Ontario OCTOBER 5-7 FTA Fall Conference 2020: Cincinnati Marriott at River Center, Cincinnati, Ohio. OCTOBER 14-16 PPC 2020 Fall Meeting & Leadership Conference: Westin Savannah Harbor Golf Resort & Spa, Savannah, Georgia. NOVEMBER 10 AICC Region 6 Dinner & TAPPI Trade Fair: Marriott Oak Brook, Oak Brook, Illinois. NOVEMBER 17-18 PPC Folding Carton Boot Camp: PPC Headquarters, Springfield, Massachusetts. DECEMBER 2-4 AICC Mexico 2020 Annual Meeting & Trade Show: Hotel Camino Real Monterrey, Monterrey, Mexico. APRIL 26-28, 2021 AICC Spring Meeting: Amelia Island, Florida. AUGUST 9-12, 2021 TAPPI/AICC SuperCorrExpo: Orange County Convention Center, Orlando, Florida.

Board Converting News® is published weekly by NV Business Publications, in association with Corrugated Today®, Recycling Markets®, Flexo Market News®, International Paper Board Indus- try®, and Folding Carton Industry®. Editorial and Marketing office: PO Box 802, Manasquan, NJ 08736-0802. Subscription Rates in U.S. and Canada $223 per year or $355 for two years. Overseas rate per year $355 USD. Current issue single copies (pre-paid only) $8.50 in U.S. (elsewhere $9.50); add $5.00 per order for shipping & handling. No part of this publication may be transmit- ted or reproduced without written permission from the publisher. Robyn Smith - President/Publisher: rsmith@nvpublications.com Len Prazych - Vice President Plus, the U.S. Navy would protect the seas allowing for vessels to move in safety. Ships could move goods from one country to the other freely, without worry of physical attack, protected by the United States. No other country has the naval power that comes close to equaling the U.S. CONTINUED ON PAGE 66 This is the wine you hide when your kids come home for a visit. Over the last four or five decades, the term “globaliza- tion” has become common. We have moved manufactur- ing from the United States overseas. We have changed our buying habits, allowing acceptance of foreign goods. Let me say I am not at all opposed to international trade. Adam Smith had it right. The British make, although per- haps not trend-setting, wool jackets better than the French. And the French certainly make wine better than the British. That’s because of the competitive advantage in geography. The French have the soil to grow grapes, and the British grow sheep and can weave fabric while it rains outside. They simply traded wine for jackets, and jackets for wine. Everybody is happy. What Adam Smith may not have been able to see is the ease of transportation and movement of goods today. Peter Zeihan is one of my favorite authors. He has writ- ten several books and I’ve read them all. Zeihan says, and I tend to agree, one significant reason for the expansion of global trade is the Bretton Woods agreement at the end of WWII. The United States would open its markets and wanted everyone to trade with each other, including for- mer enemies. This made sense, as the U.S. market was not damaged during the war.

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September 14, 2020

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