2023 Forecast (CONT’D FROM PAGE 30)
Board Converting NEWS INTERNET DIRECTORY
second looks at anything planned for 2023.” Businesses are also taking steps to increase their li- quidity to cushion against tough times. “We are all going to need to watch our cash flow,” said Palisin. “Most of our members anticipate a slowdown in orders, and as a result they are holding off on some future investments and pull- ing back in hiring.” Uncertainty is the name of the game, and that makes planning difficult. “We are faced with a kind of a two-sid- ed coin,” said Palisin. “The positive side represents strong current orders and a continuing need for more workers, while the negative side represents inflationary pressures and global headwinds.” Which side of the coin will show its face in 2023? Econ- omists advise watching a few key indicators. “In the early part of the year companies should keep an eye on what is happening with the cost of money,” said Basu of Sage Policy Group. “Inflation is the driver of near-and-medium term economic outlooks.” A second vital element, he said, is the employment picture. “Employers should watch for any emerging weakness in the labor market.” Finally, what about consumers? “Any softening of spending would point to a looming recession.” Will We Have A Recession? This article suggests an economic slowdown as the likeliest scenario for 2023. But what are the chances of a recession, or an actual decline in business activity? While Moody’s Analytics sets the odds at 50-50, avoid- ing a recession will require a bit of luck. “The U.S. econo- my will enter 2023 being vulnerable to anything that might go wrong,” said Bernard Yaros Jr., Assistant Director and Economist at Moody’s Analytics ( economy.com ). He point- ed to risks such as a resurgence of the pandemic in China, a worsening of the Ukraine war, and another energy sup- ply shock that would hit consumer pocketbooks. Avoiding a recession will also depend on a couple of things going right, added Yaros. The ebullient labor mar- ket will need to cool down at a pace that softens wage increases without sparking economic turmoil. Most import- ant, the Federal Reserve will need to successfully tame in- flation without allowing interest rates to spike the econo- my. Yaros, however, is optimistic. “We think inflation will steadily slow from more than eight percent to a pace that is consistent with the central bank’s two percent target by the end of 2023.”
ARC INTERNATIONAL www.ARCInternational.com
ARC International is a world leader in the manufacturing of roller products for flexography. The latest nano-technology laser engraving in our NC and NV manufacturing facilities ensures superior quality and consistency in anilox rollers.
AES (ADVANCED EQUIPMENT SALES) www.aesales.net
AES is a leading full-service provider of integrated convey- ance systems specializing in scrap, trim, and dust. AES en- gineers custom scrap systems and works as a partner in process improvement to help businesses achieve greater profitability, productivity, and sustainability. Products include balers, shredders/hoggers, core shredders, filters, fans, and specialized dust control and collection systems. AES is the ex- clusive distributor for the AirShark Rotary Material Separator.
AMERICAN CORRUGATED MACHINE www.acm-corp.com
For a wide variety of new and used equipment on to- day’s market, visit our website at www.acm-corp.com.
BAUMER HHS CORPORATION www.baumerhhs.com
hhs is a global leader in advanced gluing, camera verifica- tion and quality assurance systems for the packaging indus- try. Zero-defect quality and elevated production speeds are key parameters in the manufacturing of corrugated boxes. With hhs Xcam Box Monitoring and non-contact flap gluing of corrugated board, hhs offers every option for quality as- surance in the production of boxes with flexo folder gluers. BLOWER APPLICATION COMPANY (BLOAPCO) www.BloApCo.com BloApCo has served the corrugated industry since 1933 with a variety of scrap handling solutions, including Hori- zontal Floor Shredders, Trim Cutters, and Material Handling Fans and Conveying Systems. BloApCo Shredders allow for continuous shredding and pneumatic removal of sheet waste stacks of all sizes, roll slab, cores, and carton scrap.
CORRUGATED MACHINERY SPECIALISTS www.cmsretrofits.com
Leading manufacturer and installer of quality retrofits, up- grades and replacement parts for S&S and Prime Flexo Folder Gluers. Specialists in reconditioning of S&S Flexo Folder Gluers, including ink, air and electrical systems.
www.boardconvertingnews.com Phillip Perry is an award-win- ning freelance writer based in New York City and is a regular contributor to Board Convert- ing News. His byline has ap- peared over 3,000 times in the nation’s business press. Reach him at https://www.linkedin. com/in/phillipmperry/.
CORRUGATOR BELT SERVICE LLC www.corrugator.com
Serving the corrugated box industry since 1991, Chicago- based Corrugator Belt Service LLC maintains corru- gator belts for peak board quality and performance.
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