Board Converting News, July 18, 2022

TAPPI/AICC Opens Registration For Corrugated Week 2022

• FISCOTEC Meeting • Multiple Exhibit Hall Receptions • TAPPI Young Professionals Reception • AICC Emerging Leaders Reception • Tuesday Evening Event at Tejas Rodeo • Corbotec Meeting • Networking Receptions

TAPPI/AICC have announced the opening of registration for Corrugated Week 2022, taking place at the Henry B. González Convention Center in San Antonio, Texas. The Conference kicks off Monday, September 19, and offers exclusive show dates on September 20-21. The Grand Hy- att Hotel serves as the official host hotel. Corrugated Week 2022 features over 14 exclusive net- working events, giving you more opportunities to connect and grow your business: • Corrugated Week Classic Golf Tournament • Opening Night Reception • Networking Breakfasts

Take your corrugated vision to the next level with these cutting-edge program topics where you can learn from some of the industry’s top thought leaders: • Interactive Digital Printing Panel • Supply Chain Disruptions • How Can We Do More with Less? • Artificial Intelligence/Robotics/Automation • Emerging Leaders/Young Professionals Employee Re- cruitment/Retention As an added bonus, attendees can also register for the pre-conference course, “Effective Methods to Maximize Diecutting,” on Sunday, September 18.

• TAPPI Awards • AICC Awards

Visit corrugatedweek.org for general registration as well as pre-conference course registration and travel information. For infor- mation on exhibiting, contact Linda Cohen at (914) 544-0135 or lcohen@tappi.org. NAM: Consumer Spending Continues To Weaken Consumer spending has continued to weak- en in recent months, according to Chad Moutray, Ph.D. and Chief Economist at the National Association of Manufacturers (NAM). Monthly personal consumer expen- diture growth slowed to 0.2 percent in May (from 0.6 percent in April), as households’ income could not keep pace with inflation, and supply chain disruptions still limited the range of available products. Durable goods spending was the most affected (-3.2 per- cent). In real terms, consumer expenditures declined 0.4 percent in May. Consumers are concerned increasingly about inflation, particularly rising gas and food prices. These concerns have pushed the Conference Board Consumer Confi- dence Index further down in June from 103.2 to 98.7. Consumer expectations for the next six months tumbled to their lowest level since March 2013. Despite a decrease in the number of job openings for the second month in a row to 11.3 million in May (11.7 million in April), the job market remains very strong with the number of job openings per unemployed worker still close to historical highs at 1.9. The largest CONTINUED ON PAGE 8

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July 18, 2022

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