FINAT Report (Cont’d from Page 6)
Web Blast
sectors also happened to be the two sectors recording negative growth rates in 2019 compared to the year before, the first time that two sectors reported a con- traction since the monitor started in 2014. As FINAT President Chris Ellison commented:“Up till now, 2020 has been a tale of fame and famine for the industry. Certain parts of the industry could hardly cope with the excessive demand pressures, others had to rapidly adjust to a steep drop in demand in their sector.” The fact that so far in 2020, short term economic survival prevailed over longer term investment was not only apparent in consumer goods and services, but also in the label industry’s investment projections. According to the same Radar report, label converter companies have tended to delay investment in heavy equipment till at least 2021, a year that will be heavily packed with trade shows including three Labelexpo shows in different regions. Another tale of fame and famine are the tensions at operational level in the pro- duction facilities that on the one hand had to cope with excessive demand for label solutions and delayed payments from customers,while at the same time cop- ing with disruptions in raw materials supply and short- age of staff due to Covid-19 restrictions and worker health issues. Since the outbreak of the Pandemic at the beginning of March, FINAT, the European label association repre- senting some 600 member facilities overall, has been liaising with its members online via regular Covid-19 briefings, zoom meetings and most recently FINAT briefings, to update members on the latest status of the local and European lockdown measures, report on actions undertaken by national and European label and packaging industry bodies, but also to provide the platform for members to stay connected, exchange ex- periences and provide mutual support in handling the crisis together. Packaging Innovation Event Postponed Packaging Innovations & Luxury Packaging London, which was due to take place on September 23-24 at Olympia London, has been moved to December 8-9. The event will remain at the same venue and along- side the company has launched a series of webinars that provide content and discussions relevant to the packaging community at the current time, all under its Packaging Innovations, Empack, Luxury Packaging, ADF, PCD and PLD brands. Entitled ‘Innovation Talks’, they mix formats of presentations and panel discus- sions on topics of the moment and are free to join.
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