Board Converting News, July 20, 2020

A Three-Pronged Route To Post Pandemic Recovery BY PAUL V. REILLY

Optimize Production Maximize Your Corrugator Speeds With Matched Glue Roller Sets

As we’ve been reminding our clients since COVID-19 first appeared, there’s no need for printing and packaging busi-

ness owners to abandon their long- term strategic plans while they deal with the near-term realities that the pandemic has brought. In fact, mak- ing the right responses now could leave a business in better shape for the future than it would be if noth- ing had happened and the need for

Paul V. Reilly

change hadn’t been as urgent. This is consistent with the duty of a business leader in good times as well as bad: to take whatever steps are necessary to insure that the organization survives. As we see it, business owners have three priority tasks ahead of them in the present circumstances. These are protecting the health and well-being of their employees; securing fi- nancial assistance from the Paycheck Protection Program (PPP); and managing head count in the interest of greater profitability for the company. First on the list is to keep employees safe by follow- ing mandates and protocols for preventing the spread of COVID-19 in the workplace. The COVID-19 Resource Chan- nel from PRINTING United Alliance, its PIA affiliates, and NAPCO Media offers valuable advice along these lines. As conditions return to normal, owners can broaden the focus to include safeguarding the health of their busi- nesses. We think they have an exceptional opportunity to strengthen their positions by taking correct advantage of the PPP, a relief package established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. By now, the PPP is well known as a provider of forgiv- able cash loans for struggling businesses and, sometimes, as a source of confusion and frustration for business own- ers seeking its assistance. Fortunately, an amendment called the PPP Flexibility Act (PPPFA) aligns its terms and requirements more closely with the actual needs of busi- ness owners, making it a friendlier resource to work with. Wider Window For Recipients One of the most important changes is that those who qualify for loans now have 24 weeks over which to use the money – three times as many weeks as applicants were given in the beginning. Those who received their disbursements prior to the PPPFA adjustment can either keep their original eight-week term or opt for the longer period, which concludes on December 31, 2020. Another beneficial change is that it’s no longer man- datory to spend 75 percent of the loan amount on pay- roll in order to qualify for forgiveness, a requirement that many owners saw as unrealistic. Now, the stipulated set- aside for payroll is 60 percent, leaving the remainder to

Wouldn’t you like faster speeds, less vibration, consistent quality, and happier corrugator operators? If your rollers are engineered,

machined, and balanced to work perfectly with each other, you can get all that —and more. The new Starch Saver glue applicator rollers from ARC International offer you a wide volume range that can accommodate any of your ute sizes or starch requirements. The engineers at ARC are trained to ensure that everything rolling on your corrugator is optimized to give you peak performance and healthy prots. If it involves gluing, coating, or moving board, The ARChitects of Flexo should be on your team.

Contact ARC today to learn more about Starch Saver rollers andMatched Sets that give you unmatched performance. 800-526-4569 The ARChitects of exo



July 20, 2020

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