Converter Outlook Park II (CONT’D FROM PAGE 26)
Suppliers: Leverage Our Reach
normalized balance of products and services spending with projected industry growth slightly below historic
norms for the near future. The transi- tion of a significant independent sup- ply of containerboard will continue to ripple through the industry. With no significant surge in demand predicted, now is the time that the best compa- nies will succeed. “Navigating the fluctuating tides of
Greg Theis
demand volatility, both LDI and the industry at large have overcome turbulent market conditions. Despite forecasts indicating a slower growth trajectory, financially prudent companies with strong foundational capabilities and ro- bust market strategies will be positioned to surpass these projections. “At LDI, our commitment to growth manifests through continued M&A activity, recent market recapitalization and investments in enhancing our operational capabilities. Such investments include recent investments in a corru- gator and facility expansion in Texas and converting capi- tal injections in our Minnesota, Illinois, Arizona, California, and Nebraska locations. These investments focused on our core capabilities as well as expanded technology in- vestments in digital printing to position us at the forefront of industry innovation. “LDI is not alone in such investments as our industry commitment to automation and enhanced converting technologies remains necessary to combat a tight labor market and expanded speed and quality demands that re- quire a commitment to elevated operational proficiency. Beyond all the investments in facilities and equipment, it will always be about the people. Building talented teams will be necessary as our industry has continued to age and companies with strong development and succession plans will succeed in the long term. This investment in people, technology, and innovative solutions are what is necessary to deliver success in the future. “As we look to 2024, we will see marginal industry growth, containerboard supply outpacing demand, contin- ued regulatory changes and uncertainty associated with another election year. While we must prepare our busi- ness for potential changes, our primary focus will be on those things which we control by creating best-in-class sales and operational execution processes and teams. Our strategy revolves around leveraging our investments, roots in entrepreneurship, prioritizing service, innovation, and the empowerment of our people. This blueprint has always been successful and much easier to say than to execute. “Thriving in uncertain markets demands a relentless focus on fortifying core capabilities such as meticulous supply chain implementation, precision in procurement, strategic planning, pricing efficacy, product alignment, and
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Len Prazych at 518-366-9017 lprazych@nvpublications.com
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January 15, 2024
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