People of Packaging Podcast

Hey! No AI generated notes, but you should join us every morning at 8:30 am MST on Youtube and LinkedIn on the Packaging Today Show. Enjoy this episode and be sure to join us!https://www.youtube.com/@packagingunboxd is where you can find the showhttps://www.linkedin.com/in/eveliomattos/ or herecomment live and we even have chances to win shirts and stuff from PackagingFashion.com This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.packagingisawesome.com

About the Guest(s):Steve Pyfrom is the Head of Strategy and Sales at The Nine Digital, a forward-thinking digital marketing agency specializing in the manufacturing industry. With an extensive background in pastoral ministry, Steve effortlessly transitioned to a sales career where he helps businesses flourish in the digital age. Leveraging over two decades of experience within the digital marketing realm, Steve and his team focus on innovative SEO strategies, website development, and comprehensive B2B marketing solutions to elevate brands and drive growth.Episode Summary:In this engaging episode of the People of Packaging podcast, host Adam Peek invites Steve Pyfrom from The Nine Digital to delve into the dynamic world of digital marketing and sales. Both sharing unique backgrounds in pastoral ministry, Adam and Steve explore how their experiences have shaped their capabilities in navigating business landscapes. As they discuss contemporary digital strategies, listeners will be drawn into the significance of digital transformation in the manufacturing sector.Steve Pyfrom highlights the pivotal role of SEO, website development, and predictive marketing strategies in helping manufacturing entities thrive online. Through an insightful dialogue, Steve shares his approach to positioning The Nine Digital as a leader in the digital marketing space by prioritizing client needs and focusing on tailored, people-first solutions. Key takeaways emphasize the transformative potential of digital marketing, strategic partnerships, and the importance of maintaining an effective online presence in a competitive market. This episode is a must-listen for those seeking to understand the intersection of traditional business practices with modern digital strategies.Key Takeaways:* Digital Marketing Transformation: Marketing in the manufacturing sector is vital for staying competitive. Steve emphasizes the importance of entering the 21st century with effective digital strategies.* SEO and Website Development: Underscoring the need for state-of-the-art, functional websites and predictive SEO strategies is crucial to long-term digital success.* Client-Centric Approach: The Nine Digital focuses on understanding client vision and solving their specific business problems, placing a strong emphasis on discovery and strategy.* From Pastoral to Sales: Steve describes how skills gained from a pastoral background, such as negotiation and crisis management, have been instrumental in his sales career.* Detachment from Outcomes: Developing a non-attached attitude toward sales outcomes allows for more authentic client interactions and long-term relationship building.Notable Quotes:* "I want to come alongside what their vision is, what they're trying to accomplish, and then see if I can help them."* "If I know that walking into a situation, I'm A, not going to get offended, B, not going to get thrown off, and C, I kind of know what to do."* "We're building the foundation first before you build your house anywhere else."* "For us, the goal is in SEO strategy, you want to have branded traffic and non-branded traffic."* "You could say that I've always been in the business of conversion."Resources:* Steve Pyfrom on LinkedIn: Connect with Steve* The Nine Digital Website: Explore The Nine DigitalStay tuned for more insightful conversations on the People of Packaging podcast, where industry leaders and innovators share their expertise and vision. Listen to the full episode for an enriching journey into the transformative power of digital strategies in modern business landscapes. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.packagingisawesome.com

About the Guest(s):John Chweya is the President of the Kenya National Waste Pickers Welfare Association, an organization that unites over 36,000 waste pickers across Kenya to advocate for their rights and welfare. Growing up in Kisumu, Kenya, John started his journey as a waste picker at the tender age of 13, driven by financial necessity. He has been recognized globally for his inspiring work, including being named in Time Magazine's Next 100 and engaging with the United Nations. John has dedicated his life to transforming the waste picking industry and improving conditions for the workers he represents.Specright eBook - How to define sustainable packaging strategies!* Gartner Report* Packaging Pros eBook* Home Page* Book a demo with SpecrightMeyers has some incredible sustainable packaging options!* Get the 2023 Sustainability Report* Meyers Packaging EPR eBook - it is FREE!!New sponsor is Label King! Check them out at www.thelabelking.comBook a demo with Trayak (LCA’s on demand!)SmartSolve has water soluble label and paper materials. Learn more!The Scrapp App is going to revolutionize home and corporate recycling. Download for your device today!Episode Summary:In this enlightening episode, Adam Peek speaks with John Chweya, a prominent figure in the sustainable waste management sector in Kenya. John's story is a compelling narrative of resilience, perseverance, and significant social impact. He shares his personal journey from being a child waste picker facing discrimination and stigmatization to becoming a global advocate for waste pickers' rights.The conversation delves deep into the vast network and economic significance of waste pickers in Kenya, with John highlighting the critical roles they play in the recycling industry. Adam and John discuss the challenges waste pickers face, such as stigmatization and inequitable pricing by aggregators, and explore John's efforts to drive policy change. Through his leadership, waste pickers are now forming associations to advocate for fair prices and better working conditions. They also discuss John's initiative to acquire a truck to improve economic empowerment for the community by enabling direct sales to recyclers.Key Takeaways:* John Chweya, once a child waste picker, now leads over 36,000 waste pickers in Kenya to advocate for fair practices in the recycling industry.* Waste pickers face significant challenges, including stigmatization and exploitation in pricing by aggregators.* Collaborations with policymakers and organizations aim to highlight the essential role of waste pickers in sustainable waste management and plastic pollution control.* John's fundraising initiative to acquire a truck is seen as a key step toward economic empowerment and a sustainable solution for the community.* There is a pressing need for equitable trade practices to replace charity models in supporting global waste management efforts.Notable Quotes:* "We are not only like, people who have nothing to lose. Actually, most of us have a lot of things to lose because we are human beings that also have families and kids." - John Chweya* "One of the things that I've been fund mostly fundraising on is for on PPEs. But that is not sustainable, Adam." - John Chweya* "This is something that I know for sure that if we can attain, then it would mean that over time we, through one track, the sustainability aspect of it would be that one, we are capable of getting more clientele." - John Chweya* "For first, for the first time in this sector that a customer walks in a supermarket and then decides the price to which they want to buy the, the product that they already have in a supermarket." - John Chweya* "Trade, not aid, right? And you mentioned that it's not sustainable. Just keep going and asking for money all the time." - Adam PeekResources:* GoFundMe for Kenya Waste Pickers* Time Magazine Next 100 Article Featuring John ChweyaTune in to this episode to discover the human stories behind the recycling industry in Kenya and learn how John's inspiring leadership and innovative solutions aim to transform lives and the sustainable waste management landscape. Don't miss out on this and more insightful discussions from the People of Packaging podcast. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.packagingisawesome.com

About the Guest(s):Lauren Saidel-Baker is a seasoned economist at ITR Economics, a division of CROW LLP. Known for her data-driven and objective approach, Lauren specializes in economic forecasting and consulting, helping businesses and industries navigate economic changes. With a strong academic background from Wellesley College, where she double-majored in Economics and Religion, Lauren brings unique insights into the economic sector, making her a sought-after speaker and consultant.Specright eBook - How to define sustainable packaging strategies!* Gartner Report* Packaging Pros eBook* Home Page* Book a demo with SpecrightMeyers has some incredible sustainable packaging options!* Get the 2023 Sustainability Report* Meyers Packaging EPR eBook - it is FREE!!New sponsor is Label King! Check them out at www.thelabelking.comBook a demo with Trayak (LCA’s on demand!)SmartSolve has water soluble label and paper materials. Learn more!The Scrapp App is going to revolutionize home and corporate recycling. Download for your device today!Episode Summary:In this engaging episode of [Podcast Name], host Adam Peek converses with Lauren Saidel-Baker, an economist from ITR Economics, about the complexities and current impact of tariffs on the U.S. economy, with a spotlight on the packaging industry. Lauren delves into the macroeconomic trends, providing data-backed insights into how tariffs affect imports, exports, and consumer behavior. This episode promises to equip listeners with a robust understanding of economic principles and future trends.Lauren highlights the shifting tides of globalization and nationalism, articulating the nuanced effects of tariffs as merely one facet of broader economic movements. She emphasizes the influence of these policies on business investment and timing, underscoring the resultant uncertainty. With concrete examples like the aluminum market, Lauren illustrates the intricate relationship between tariffs, inflation, and consumer prices. Throughout the episode, she dissects the economic indicators that businesses and individuals should track to make informed decisions, painting a clear picture of current and future economic climates.Key Takeaways:* Impact of Tariffs: Tariffs primarily function as taxes designed to protect domestic industries by making imported goods more expensive, yet they introduce significant uncertainty into business planning.* Potential Economic Downturn in 2030: Lauren projects a potential depression due to demographic shifts, government overspending, and fiscal imbalances, suggesting strategic preparation for long-term financial health.* Consumer Spending as Economic Strength: The robustness of the U.S. economy is largely bolstered by consumer spending, which continues to rise due to increasing wages and employment levels.* Importance of Economic Indicators: Businesses should focus on industry-specific economic indicators and adjust strategies based on macroeconomic trends and forecasts provided by reliable resources.* Preparing for Future Opportunities: The advice includes living below one's means, planning for better investment opportunities post-downturn, and not heavily leveraging current assets.Notable Quotes:* "If you remember back, the Biden administration put tariffs on certain items and goods too, so everyone can do tariffs again."* "The fundamental support for our economic growth is people. Consumer spending makes up two-thirds of GDP."* "We are looking at another four or five years of pretty steady growth… but have a plan because come 2028, 2029, we'll see those leading indicators start to roll over."* "The big impact that I'm watching, that I'm concerned about, is just the uncertainty that this is bringing up."* "We don't see a recession in 2025… Even if through some weird quirk of the math that were to happen, this is not what a business should react to as a recession."Resources:* ITR Economics: Stay updated with their economic insights and resources at itreconomics.com* Blog and Video Content: Explore economic indicators and forecasts tailored for various sectors on ITR Economics’ website.* Laura Saidel-Baker's Work: Follow her insights on LinkedIn and other social media platforms associated with ITR Economics.Listen to the full episode for an in-depth exploration of current economic paradigms, strategic insights from Lauren Saidel-Baker, and a comprehensive understanding of how tariffs and broader economic trends affect businesses and individuals alike. Stay tuned to [Podcast Name] for more insightful content. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.packagingisawesome.com

About the Guest(s):Jason Christensen is an accomplished entrepreneur with over 25 years of experience in various industries. He previously founded a home security and automation company which he scaled to become one of the largest in the nation. After selling his first company to private equity, Jason transitioned to academia, becoming an adjunct professor at Brigham Young University, where he teaches entrepreneurial management. Today, Jason is the co-founder of Blue Unicorn, a distinctive CPG brand known for its innovative line of protein bars, bridging his passion for entrepreneurship and health-focused consumer products.Specright eBook - How to define sustainable packaging strategies!* Gartner Report* Packaging Pros eBook* Home Page* Book a demo with SpecrightMeyers has some incredible sustainable packaging options!* Get the 2023 Sustainability Report* Meyers Packaging EPR eBook - it is FREE!!New sponsor is Label King! Check them out at www.thelabelking.comBook a demo with Trayak (LCA’s on demand!)SmartSolve has water soluble label and paper materials. Learn more!The Scrapp App is going to revolutionize home and corporate recycling. Download for your device today!Episode Summary:In this vibrant episode of the People of Packaging Podcast, host Adam Peek sits down with Jason Christensen, co-founder of Blue Unicorn, to explore the intriguing journey of entrepreneurship from security systems to the food industry. With roots in Utah, Blue Unicorn has quickly gained attention for its uniquely delicious and nutritious protein bars. As they dive into the complexities of launching a CPG brand, Jason shares insights into product development, packaging, and the strategic decisions that come with transitioning industries.The conversation unfolds with Jason providing a narrative on the bar’s creation, a serendipitous collaboration with Dr. Luke Talley, a food scientist responsible for the bar’s formulation. Highlighting the conceptualization and branding process, the episode captures the essence of innovation with the development of the bar’s mascot—a unicorn inspired by the fluffy delicacy of alpacas. Amidst conversations about their creative journey, Jason discusses the hurdles and triumphs of producing a compelling product, managing production logistics, and meeting regulatory standards, underscoring the entrepreneurial resilience instilled through his professor role at BYU.Key Takeaways:* Jason Christensen's journey from the home security industry to co-founding Blue Unicorn highlights the versatility and expansiveness of entrepreneurial ventures.* Despite challenges in production and logistics, Blue Unicorn maintains a strategic control over product quality by producing their bars in-house.* The product's uniqueness stems from its low sugar content and incredible taste, positioning it as a standout in the crowded protein bar market.* Creative branding, including the creation of a unicorn mascot, plays a pivotal role in Blue Unicorn’s market differentiation and consumer engagement.* Distribution strategies are evolving as Blue Unicorn seeks to expand its retail presence while managing online direct-to-consumer sales and shipping logistics.Notable Quotes:* "When I tried it, I was just completely blown away. I was like, this is like a treat." - Jason Christensen* "I described it as a unicorn because it was like, off the chart…this isn't real." - Jason Christensen* "Despite the variety in the market, our product stands out with its unique taste and nutritional profile." - Jason Christensen* "We had to learn a lot about packaging, measuring the bars, determining the box sizes, and ensuring everything was regulation compliant." - Jason Christensen* "We're evolving rapidly, adapting to the growing demand, and finding new ways to reach our customers." - Jason ChristensenResources:* Blue Unicorn: blueunicorn.com* Brigham Young University Entrepreneurial Management Department* Super Top Secret — Creative agency involved in Blue Unicorn's brandingIn this enlightening episode, Adam Peek and Jason Christensen carve out the intricacies of maneuvering through different industries. Whether you're interested in entrepreneurship, packaging innovation, or just the fascinating story of Blue Unicorn, this episode delivers engaging insights. Tune in for more captivating episodes of the People of Packaging podcast, where the stories behind the scenes are brought to the forefront. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.packagingisawesome.com

About the Guest(s):Shea Coakley\ Shea Coakley is the CEO of Green Street Beverages, bringing over 16 years of entrepreneurial experience in the food, beverage, and health and wellness industries. With a focus on innovative product development, Coakley has been instrumental in positioning Green Street as a leader in the burgeoning market of THC-infused beverages. His passion for creating socially conscious products is evident in his advocacy for clean and functional ingredients.Josh Grab\ Josh Grab serves as the Chief Revenue Officer of Green Street Beverages, leveraging over 25 years of experience in the beverage industry, primarily within Bev Alk. With a strong background in sales and operations, Grab has been essential in scaling Green Street's presence across key markets, ensuring product accessibility and compliance with emerging regulations in the THC beverage sector.Episode Summary:In this episode of the podcast, host Adam welcomes Shay Coakley, CEO, and Josh Grab, CRO of Green Street Beverages, to dive deep into the exciting evolution of THC-infused beverages. This lively conversation covers their path from transitioning out of traditional alcohol consumption into pioneering the budding THC beverage market, addressing the pivotal role that packaging plays in this newly forming industry. The duo's rich experiences illuminate various facets from operational challenges to consumer perceptions in this dynamic space.Shay Coakley and Josh Grab unpack the complexities surrounding the manufacture and distribution of THC drinks. Fueled by the opportunities following the 2018 Farm Bill, Green Street Beverages is strategically positioned to become a leader akin to the Diageo or Pernod Ricard of THC beverages. As beverage veterans, they emphasize the importance of branding and packaging, pointing out challenges like regulatory compliance across states and the need for child-resistant packaging. Their transition from alcohol to THC signifies a broader movement towards healthier, functional, and socially engaging consumption trends.Key Takeaways:* Green Street Beverages is at the forefront of the THC-infused beverage industry, capitalizing on legislative changes that allow for broad distribution.* Packaging is not just functional but strategic, playing a crucial role in consumer perception and retail success in the THC beverage landscape.* Overcoming regulatory challenges is pivotal for scaling operations, necessitating adaptable supply chains and compliance with evolving state-specific laws.* The industry shift from alcohol to THC-based drinks represents a significant lifestyle change, aligning with wellness and mindful consumption trends.* Partnering with co-packers experienced in both non-alcoholic and alcoholic beverages is essential in navigating the complexities of this new market.Notable Quotes:* "We're really looking to show people that social cannabis consumption can be a part of their repertoire and in some cases even replace alcohol." - Shea Coakley* "Everything we do, we do through co-packers, right? We don't own our own facility." - Josh Grab* "This transition from the recreational cannabis market to hemp based really opened up a world." - Shea Coakley* "Packaging goes from something that is really not very relevant to super important." - Shea Coakley* "It's bringing people into this whole new world of THC and cannabis and it's a great time to be in this market." - Josh GrabResources:* Green Street Beverages Website* Connect with Shea Coakley and Josh Grab on LinkedIn for further insights into the industry.* Explore the various brands and products offered by Green Street Beverages at their website.Indulge in this episode to uncover more about the transformation of THC into everyday beverages and how Green Street Beverages is leading this change. Keep tuning in for more compelling discussions on the intersection of innovation and industry breakthroughs right here on this podcast. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.packagingisawesome.com

About the Guest(s):Corey Carlson is an accomplished executive coach, podcast host, and keynote speaker known for his expertise in leadership development and work-life balance strategies. He is the host of "Win at Home First" and the co-founder of the Rise community, an initiative aimed at supporting faith-driven men in integrating family and professional success. Corey is also the author of two influential books, "Win at Home First" and "Rise and Go," which delve into personal and professional growth through overcoming challenges and achieving success at work and home.Episode Summary:In this engaging episode of the People of Packaging Podcast, host Adam Peek welcomes guest Corey Carlson, who shares insights from his dynamic journey from corporate success to becoming a transformative executive coach and community builder. Adam and Corey discuss the interconnectedness of personal and professional life, emphasizing the importance of 'winning at home first' to achieve overall success.The conversation delves into Corey’s experiences as outlined in his books, "Win at Home First" and "Rise and Go." Through these works, Corey advocates for leaders to integrate family values into their professional lives, proposing that true effectiveness stems from a healthy personal life. Corey discusses practical strategies for improving relationships, including daily reflections on loved ones' positive traits and rising above challenges to grow personally and professionally. Both books offer strategies and insights that resonate across varying career levels, from machine operators to executive leaders, solidifying the significance of personal fulfillment in professional excellence.Key Takeaways:* Importance of Family Life: Successful professional life begins with maintaining healthy personal relationships; prioritizing family impacts leadership effectiveness.* Winning with Intentionality: To improve challenging relationships, practice daily reflections to focus on positive attributes of family members and colleagues.* Resilience and Leadership: Corey's second book, "Rise and Go," emphasizes resilience, encouraging leaders to rapidly recover from setbacks with actionable strategies for personal growth.* Community and Coaching Benefits: Corey underscores the value of coaching and community, providing support networks crucial for overcoming leadership loneliness.* Transformative Leadership: Effective leadership requires balancing corporate goals with personal fulfillment, offering holistic development opportunities at all career levels.Notable Quotes:* "What we focus on expands, and by writing down what you love about someone, you start seeing more of those traits in them."* "All leaders get knocked down; it's just the great leaders get back up quicker."* "The work wins don't offset the losses at home."* "Life can get lonely, even if you’re leading a company or operating a machine. Coaching helps reveal that you're not alone."* "Put your thoughts out in the world; you never know who might benefit or relate."Resources:* Corey Carlson on LinkedIn: LinkedIn Profile* Corey's Podcast: "Win at Home First"* Books by Corey Carlson:* Win at Home First on Amazon* Rise and Go on Amazon* The Rise Community: Learn more about joining this faith-integrated leadership community.* Adam Peek’s LinkedIn: LinkedIn ProfileTune in to the full episode to uncover actionable insights on balancing personal and professional realms to elevate all areas of life. Stay connected for more inspiring discussions in future episodes of the People of Packaging Podcast. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.packagingisawesome.com

About the Guest(s):Paul Rice is the founder of Fair Trade USA, an organization committed to the principles of ethical sourcing and global sustainable development. With a passionate background in international development and social justice, Paul has dedicated over two decades to promoting fair trade practices that empower farmers and workers worldwide. His work in Nicaragua shaped his vision and inspired the creation of a large network of fair trade projects, achieving measurable impact on poverty alleviation and environmental sustainability. Paul is also the author of the book "Every Purchase Matters," which explores the positive influence of conscious consumerism and fair trade.Specright eBook - How to define sustainable packaging strategies!* Gartner Report* Packaging Pros eBook* Home Page* Book a demo with SpecrightMeyers has some incredible sustainable packaging options!* Get the 2023 Sustainability Report* Meyers Packaging EPR eBook - it is FREE!!New sponsor is Label King! Check them out at www.thelabelking.comBook a demo with Trayak (LCA’s on demand!)SmartSolve has water soluble label and paper materials. Learn more!The Scrapp App is going to revolutionize home and corporate recycling. Download for your device today!Episode Summary:In this riveting episode of the People of Packaging Podcast, host Adam Peek engages with Paul Rice, founder of Fair Trade USA, in a conversation tunneling into the transformative power of fair trade practices. The discussion unfolds with anecdotes from Paul's inspiring journey, revealing how his upbringing and international experiences ignited a lifelong commitment to economic and social justice. Rice shares insights into how fair trade revolutionizes supply chains, highlighting it as a vital solution that marries profitability with sustainability, effectively driving social impact through business.Delving deeper, the episode uncovers the ethos and mechanics behind Fair Trade USA's certification model, explaining how businesses and consumers alike can partake in creating global change. As the conversation unfolds, Rice emphasizes that every purchase — from ordinary groceries to thoughtful gifts — has the potential to contribute to ethical sourcing and sustainability. As listeners navigate these nuanced discussions, they'll discover how harmonizing economic models with social responsibility can collectively uplift communities and ensure long-term business resilience.Key Takeaways:* Fair trade is not just an ethical choice but a strategic business approach that de-risks the supply chain and ensures long-term sustainability.* Businesses integrating fair trade practices can foster resilience against market fluctuations while supporting global poverty alleviation.* Conscious consumerism enables individuals to significantly influence sustainable practices and fair labor conditions through everyday purchases.* Fair Trade USA's rigorous certification standards empower farmers by ensuring they receive equitable compensation, enabling communities to invest in development projects and preserve local ecosystems.* Despite challenges, substantial progress and growing consumer demand for sustainable products suggest a positive trajectory for fair trade initiatives.Notable Quotes:* "Trade not aid, which I dare say is more relevant than ever right now during these times."* "We are harnessing the power of companies and consumers to enable a journey of sustainability in communities."* "My belief is that we are powerful. Each of us as individuals, we are powerful and have the ability to change the world through the purchases that we make."* "Business can and must be a force for good in the world."* "Every purchase matters because when you go to the store, you have a chance to vote for a product that you know is organic or fair trade… that has measurable, verified benefit for the planet and for people."Resources:* Paul Rice's Website: paulrice.org* Fair Trade USA: Fair Trade USA Official Website* Book Mentioned: "Every Purchase Matters" by Paul Rice, available on Amazon and other major bookstores.Listeners are encouraged to delve into the complete episode to fully grasp the engaging discussions and inspiring narratives. Stay tuned for more illuminating content on the impact and innovation within the packaging and sustainability realms. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.packagingisawesome.com

About the Guest(s):Melanie Yermack is a seasoned Managing Director at Mesirow, where she co-heads the packaging practice. With over 14 years at the firm, Melanie has developed deep expertise in investment banking focused on mergers and acquisitions (M&A) within the packaging sector. She started her career at PricewaterhouseCoopers and has been instrumental in navigating complex financial landscapes to deliver substantial value in packaging M&A deals.Rick Weil has dedicated 24 years to Mesirow as a Managing Director, specializing in M&A advisory. He has extensive experience in working with entrepreneur-owned businesses, providing them with tailored solutions and guidance through every facet of M&A transactions. His comprehensive understanding of both strategic and emotional components makes him a trusted advisor in the packaging industry.Nitay Laor serves as a Vice President at Mesirow, supporting Rick and Melanie in their packaging endeavors. Transitioning from an accounting background, Nitay has immersed himself into M&A in the packaging industry for the past eight years. His role involves deep analysis and strategy formation for complex, multi-year client engagements aimed at maximizing business valuation and market positioning.Episode Summary:Join Adam Peek in this insightful episode of the People of Packaging podcast as he delves into the world of mergers and acquisitions within the packaging industry with experts Melanie Yermack, Rick Weil, and Nitay Laor from Mesirow. This episode unveils the intricate dynamics of preparing a business for sale, understanding market valuations, and the pivotal role private equity plays in the packaging sector. With over 40 years of combined experience, these guests shed light on how investment banking operates within this field and project what the future might hold for packaging M&A.This episode unpacks the resilience of the packaging industry through tumultuous periods such as COVID-19 and economic uncertainties. Melanie emphasizes the importance of longevity in client relationships, underpinning the need for understanding not only market trends but also the unique value propositions of individual businesses. The team discusses the vital role of investment and strategic planning in making businesses attractive to buyers. Rick adds a perspective on the often unspoken psychological aspects of these transactions that aid family-owned businesses in preserving legacies while embracing strategic growth opportunities.Specright eBook - How to define sustainable packaging strategies!* Gartner Report* Packaging Pros eBook* Home Page* Book a demo with SpecrightMeyers has some incredible sustainable packaging options!* Get the 2023 Sustainability Report* Meyers Packaging EPR eBook - it is FREE!!New sponsor is Label King! Check them out at www.thelabelking.comBook a demo with Trayak (LCA’s on demand!)SmartSolve has water soluble label and paper materials. Learn more!The Scrapp App is going to revolutionize home and corporate recycling. Download for your device today!Key Takeaways:* The importance of crafting a well-structured and competitive process when approaching mergers and acquisitions to maximize business valuation.* Sustainability initiatives and automation are becoming significant drivers of value in the packaging industry, attracting private equity interest.* The packaging sector exhibits strong resilience and steadiness, even amidst global uncertainties such as tariffs and economic fluctuations.* M&A is a people-centered business that blends sales, finance, and psychology to guide family-owned businesses through pivotal transitions.* Engaging in long-term relationships with financial advisors can empower business owners with strategic foresight for future readiness in selling their business.Notable Quotes:* "Packaging companies killed it during COVID by demonstrating immense resilience and growth." - Rick Weil* "The essence of M&A in packaging is a blend of sales, finance, and psychology." - Rick Weil* "Sustainability is on the top of everybody's mind, and it's achieved in many ways like recycled content and recyclable packaging." - Melanie Yermack* "There's a massive pent-up demand in private equity awaiting the right packaging opportunities." - Rick Weil* "A lot of our clients, it's not just about valuation; it's about culture, employee care, and legacy." - Melanie YermackResources:* Visit Mesirow’s website for more information: www.mesirow.com* Listen to the My First Million podcast mentioned during the episode for insights on leveraging technology in business.To experience the nuance and depth of this conversation, tune into the full episode of the People of Packaging podcast. Gain valuable insights into the evolving landscape of M&A within the packaging sector, and keep exploring further with Adam Peek and his fascinating guests. Stay tuned for more enlightening content from the series! This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.packagingisawesome.com

About the Guest(s):Alan Beaulieu: An esteemed economist known for his insightful economic forecasts, Alan Beaulieu has been sharing his expertise at the Tag and Label Manufacturers Institute (TLMI) show for 16 years. He brings a wealth of knowledge on how policies impact economies, particularly focusing on the packaging and manufacturing sectors. Alan is a prolific author and a renowned speaker, lauded for his clear communication style and deep understanding of global economic trends. Though he is retiring, his influential ideas and published works continue to guide industries.Cory Francor: An expert in digital printing, Cory Francor plays a vital role within NAPCO, a company recognized for its comprehensive research on industry trends. He delivers consulting and strategic insights, focusing particularly on advancements in digital and packaging printing. Corey's emphasis on innovative printing technologies and sustainability has made him a valuable voice in both the industry conferences and educational platforms.Specright eBook - How to define sustainable packaging strategies!* Gartner Report* Packaging Pros eBook* Home Page* Book a demo with SpecrightMeyers has some incredible sustainable packaging options!* Get the 2023 Sustainability Report* Meyers Packaging EPR eBook - it is FREE!!New sponsor is Label King! Check them out at www.thelabelking.comBook a demo with Trayak (LCA’s on demand!)SmartSolve has water soluble label and paper materials. Learn more!The Scrapp App is going to revolutionize home and corporate recycling. Download for your device today!Episode Summary:In this engaging episode of the People of Packaging podcast, host Adam Peek reports from the TLMI (Tag and Label Manufacturers Institute) show at La Cantera Resort and Spa in San Antonio, Texas. Engaging discussions surrounding economic forecasts and digital printing advancements unfold, featuring presentations from reputable figures like economist Alan Beaulieu and digital printing expert Corey Francor. Each presenter offers unique insights into current trends and future expectations within the packaging industry.Alan Beaulieu shares a comprehensive economic outlook, forecasting global growth from 2025 through 2029 and highlighting potential economic challenges into the 2030s. The session also addresses U.S. export trends, labor shortages, and the influence of immigration laws on the workforce. Meanwhile, Corey Francor discusses the increasing demand for digital printing solutions, focusing on their importance for short lead times and cost-efficiency. He emphasizes how brands are adapting to digital and sustainable practices, stressing transparency with regulatory compliance and sustainability documentation as crucial for industry credibility.Key Takeaways:* Expect global economic growth from 2025 to 2029; be prepared for potential economic downturns in the early 2030s.* U.S. manufacturing and exports are critical, with European and Mexican markets as top import partners.* Digital printing is increasingly favored by brands for its efficiency and cost benefits, especially within the label printing sector.* Sustainability is a top priority for brands, with a significant demand for clear and documented information from packaging suppliers.* Embracing data and technology for improved efficiency is vital for navigating future economic uncertainties.Notable Quotes:* "I'm going to talk about how policies are impacting the economy, not how politics are" – Alan Beaulieu.* "Digital printing is driving the label industry forward with short lead times and cost efficiency." – Cory Francor.* "Listen to millennials because they tend to have a mindset towards efficiency." – Alan Beaulieu.* "Brands are demanding the digital experience over just the digital capability." – Corey Francor.* "Remember, data and technology have to be done with a purpose." – Adam Peek.Resources:* Alan Beaulieu on LinkedIn* Corey's Resource at NAPCO* Tag and Label Manufacturers Institute (TLMI) official website: TLMI* Spec Rite: Spec Rite Website* Packaging Is Awesome Substack: Subscribe HereDiscover more in this episode to learn how the interplay of economic trends and technological advancements is shaping the future of the packaging industry. Don't miss out on future insights; subscribe to the People of Packaging podcast today for continued educational and industry-shaping content. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.packagingisawesome.com