transfer payments for the month, enough to offset sharp declines in employee compensation and propri- etors’ income, including for manufacturers. • The Conference Board and the University of Michigan and Thomson Reuters both reported slight increases in consumer confidence in May after plummeting to multiyear lows in April. Americans remain anxious in their outlook, however, particularly regarding jobs and income. • In advance statistics, the goods trade deficit rose from $64.98 billion in March to $69.68 billion in April. Goods exports and imports were both off very sharply in April, down $32.17 billion and $27.47 billion, respectively, with the COVID-19 pandemic sending the global econ- omy into a deep recession. • The U.S. economy shrank by an annualized five per- cent in the first quarter, slightly down from the previous estimate of 4.8 percent and the largest quarterly de- cline since the fourth quarter of 2008, with sharp pull- backs in consumer and business activity. • Real GDP is expected to contract by at least a mind-numbingly large 32.5 percent at the annual rate. Once the COVID-19 outbreak starts to abate, econom- ic activity should improve, with real GDP rebounding strongly in the third quarter, currently estimated to be a gain of around 16 percent. Chad Moutray is Chief Economist for the National Associ- ation of Manufacturers (NAM). Portable Hand-Washing Station Makes Hygiene Compliance Mobile Buffalo, Minnesota based National Fleet Products has announced the introduction of its new portable and ve- hicle-mounted hand-washing stations. The rugged, pur- pose-built product design allows water and hand sanitizer to be dispensed virtually anywhere, and application-spe- cific hardware enables units to stand on their own, or to be mounted to a wide variety of vehicles. The President’s Coronavirus Guidelines for America lists hand-washing first under its guidelines for practicing good hygiene. However, until now, it has been difficult for vehicle operators, work crews and others functioning in isolated conditions to observe what the CDC calls “one of the most important steps we can take to avoid getting sick and spreading germs to others.” The black or translucent white water-dispensing tanks come in 6.5-gallon and 10-gallon sizes and are made of durable, virgin polypropylene with an additive that makes them resistant to UV rays. An integrated removable soap dispenser serves as the cap to the filling port, and a sepa- rate cap is also available. Visit nationalfleetproducts. com for more information. NAM: Manufacturing Optimism (CONT’D FROM PAGE 28)
Board Converting NEWS INTERNET DIRECTORY
THE HAIRE GROUP www.hairegroup.com
Haire Group is the premier provider of new machinery for the corrugated industry. As the exclusive US & Canadian agent for one of the largest machinery manufacturers in the world, Haire Group is able to pair clients with the best machinery solutions for the best value to meet their spe- cific needs. As an operating partner of the US-based DFA Technical Support Center (a joint venture of Haire Group and Dong Fang), Haire Group delivers top-notch 24/7 pro- fessional, reliable service and support, maximizing quality and uptime. Additionally, Haire Group has been the indus- try’s #1 pre-owned machinery broker and plant equipment appraiser since 1976. HarperLove is the leading provider of specialty adhesives, performance additives, and wet-strength resins to corru- gated packaging manufacturers. With the largest and most experienced field service and technical support team posi- tioned throughout the U.S. and Latin America, HarperLove has a long-standing reputation for providing outstanding service and delivering demonstrable performance improve- ments. HarperLove’s renowned services include not only innovative product development and custom product for- mulation, but also machine and process assessments, ad- hesive formula adjustments, machine tuning, detailed ser- vice reporting, and more. HARPERLOVE www.HarperLove.com
KIWIPLAN www.kiwiplan.com
Kiwiplan - premier worldwide software provider of enter- prise-wide, fully automatic solutions specifically for the cor- rugating and packaging industries. Kiwiplan’s Total Solution delivers comprehensive, seamless real-time flow of infor- mation from sales order management to dynamic total plant scheduling and inventory control through shipping.
MAROTECH INC. www.marotech.com
Manufacturer of Marotape®, Marotape®Plus, Marotape® FPT and MaroString™; hot melt coated tapes and strings used for reinforcement and easy-open features for pack- aging. Marotech Inc. also manufactures state-of-the-art dispensing and tape placement equipments to optimize the productivity of applying hot melt coated tapes in pack- aging.
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www.boardconvertingnews.com
June 8, 2020
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