Discover your next big idea at PACK EXPO Las Vegas this September
Experience a breakthrough in packaging & processing and transform your business with solutions from 2,300 suppliers spanning all industries.
REGISTER NOW & SAVE

Packaging pros project concerns over economic uncertainty

The impact of the 2009 economy evoked strong emotions among salary survey respondents who expressed everything from despair over lost jobs to enthusiasm about new opportunities.

Given a chance to freely express their opinions on the impact of the economy on their business in 2009, packaging professionals spoke their minds. What follows are some of the most thoughtful responses, some of which were edited for clarity.

• “In 2008 my responsibilities were more than doubled with minimal pay increase, a promised promotion, and a pay increase that I should have seen in 2009 that did not occur. I did get a merit increase. No merit increases are being given in 2010 and 401(k) matching is discontinued. I am expected to get the same or more work done with fewer people and am expected to be happy I have a job. I am disappointed in my attitude and feel the best thing I could do would be to find another position where I could start over with positive energy.”

• “It really hasn’t impacted us that much. In fact, it allowed us to add on to our warehouse at a lower price due to interest rates and abundance of construction firms competing for limited work. It also allowed us to purchase our products at better pricing due to increased competition from suppliers. Of course we [have] also seen an increased push from our competitors, so that’s kind of a nonissue. I think we’ve been fairly isolated from the recession here in the Midwest due to the more conservative nature of the banks and their lending practices, so it’s been somewhat business as usual.”

Coding, Marking, and Labeling Innovations Report
Explore our editor-curated report featuring cutting-edge coding, labeling, and RFID innovations from PACK EXPO 2024. Discover high-speed digital printing, sustainable label materials, automated labeling systems, and advanced traceability solutions that are transforming packaging operations across industries.
Access Report
Coding, Marking, and Labeling Innovations Report
Annual Outlook Report: Workforce
Hiring remains a major challenge in packaging, with 78% struggling to fill unskilled roles and 84% lacking experienced workers. As automation grows, companies must rethink hiring and training. Download the full report for key insights.
Download Now
Annual Outlook Report: Workforce