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Cox & Co Develops Flow Wrap Chocolate Paper Packaging

Offering a 12-month minimum shelf life, the new paper flow wrap solution is a huge step in the right direction to reducing the amount of chocolate packaging waste that ends up in landfill.




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How Sustainability Can Amplify Marketing Resiliency for CPGs

Fulfilling short-term needs while maintaining long-term priorities has been an ongoing challenge for organizations since the onset of the pandemic. The global response to COVID-19 has slowed the day-to-day operations of many companies but amplified the progression of transformations that were already brewing before the outbreak.




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ProAmpac Debuts Recycle Ready Retort Pouches

ProAmpac's patent-pending innovation, ProActive Recycle Ready Retort RT-3000, is suited for pet and human food. RT-3000 pouches are available in stand-up and three-side seal configurations and are EU and FDA compliant for food contact in retort applications.




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ProAmpac Unveils Fiber-Based Fresh Sandwich Packaging

Designed for sandwiches and wraps, this groundbreaking package introduces the concept of modified atmosphere packaging to a fiber-based format.




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Podcast | Ink & Labeling Sustainability

In this episode with Sherry Washburn, Business Unit Manager at Videojet, we discuss how a company’s choice of inks and printing technologies can play a big role in achieving sustainability goals. We also discuss ways for companies to ensure compliance with existing and new environmental regulations. 




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Podcast | Coding & Marking for Cannabis Packaging

In this episode with Chirag Sheth, Global Business Unit Manager at Videojet, we discuss coding and marking options for cannabis packaging.




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Dispense Works Introduces RF Series Benchtop Filling & Capping System

The RF Dispensing System features big performance and is available in several configurations to best suit unique requirements.




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Leverwood Knife Works to Showcase Flow Wrapper Knives at MD&M Show

Leverwood is laser focused on high-quality blades that offer the cleanest, most precise cuts.




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Amcor Capsules, Moët & Chandon to launch plastic-free aluminum/paper foil

Initially, the solution will only be available with texturing to allow sparkling wine players to retain the premium look of their bottles. The ESSENTIELLE foil with a smooth finish will be available during the first quarter of 2025.




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Steriline to Showcase Robotic Vial Filling & Capping Machine at CPHI Milan

This cutting-edge machine is poised to attract pharmaceutical professionals and companies eager to enhance production efficiency and maintain compliance with stringent industry standards.




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Unilever boosts investment in packaging R&D to cut virgin plastic

Company’s aims include increasing the use of recycled plastic content and developing next-generation flexible materials.




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The Mergers & Acquisitions Outlook for 2024

Packaging Strategies spoke with Thomas Blaige, founder of Blaige Industry Analytics LLC, and Ron Giordano, a senior executive adviser at Blaige, to get an overview of M&A in the packaging industry.




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Sustainability Beyond the Carton: Caps & Straws

Babitha George, a representative from Tetra Pak, delves into the topic of driving progress toward a sustainable future by introducing innovative designs for straws and caps.




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Universal Investment & Industries Finds Success with Theegarten-Pactec Cartoner

Universal Investment & Industries has been extremely successful in the service and packaging industry for years.




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Flamin' Hot revamps packaging, establishes brand of its own

Frito-Lay's Flamin’ Hot portfolio, encompassing 25 unique products, is coming together as an official brand and stepping out with a fierce new look.  




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JUNKLESS Unveils New Look and First-Ever Marketing Campaign

Chewy granola bar brand debuts new packaging, launches new flavor and announces new distribution.




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Eco-friendly packaging to be featured at Cibus Tec Food&Bev trade fair

Taking place in Parma, Italy, from October 24-27, the 2023 edition of the Cibus Tec trade fair will showcase trends and innovations in the Italian and international food and beverage machinery industry.




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ProMach Acquires Zacmi, Leading Supplier of Filling & Closing Equipment

Acquisition allows ProMach to establish a powerful position in the food and pet care sectors where can filling and sterilization are required.




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7UP® Refreshes Branding, Debuts 'Level Up With 7UP' Campaign

The new campaign forms part of the wider #LEVELUPWITH7UP platform that has been rolled out across various regions worldwide – solidifying 7UP as a versatile plus-one to any gathering.




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Tetra Pak Highlights Food & Beverage Packaging Innovations at PACK EXPO

Company will have a team of experts on-site to showcase innovative equipment additions such as the Tetra Pak A1 1100 Filling Machine and the new Tetra Pak Direct UHT (Ultra-High Temperature) unit.




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MULTIVAC Roadshow Will Focus on Sealing, Labeling Fruit & Vegetable Trays

In addition to full-wrap labeling, MULTIVAC offers two other high-quality and sustainable packaging solutions for fresh produce trays. 




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MULTIVAC Roadshow Focuses on Sealing, Labeling Fruit & Vegetable Trays

From March onward in a live and convenient setting, customers will be able to learn all about MULTIVAC's innovative labeling and inspection solutions. This time the focus will be on high-quality and sustainable solutions for the closure sealing and labeling of fruit and vegetable trays.




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ProAmpac Receives Recognition for Fresh Fruit and Vegetables Packaging

The Environmental Packaging Awards, now in their second year, celebrate innovations and individuals making significant strides in sustainability within the packaging industry.




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Kroger Expands Our Brands Portfolio with Field & Vine™ Fresh Produce Line

The brand currently includes blueberries, blackberries, raspberries and strawberries.




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Ossid to Showcase Stretch Overwrapper at Global Produce & Floral Show

Ossid, a ProMach brand, is a leading manufacturer of sustainable, efficient tray packaging, flow wrapping, thermoforming fill seal, industrial scale and labeling machinery for the food, e-commerce and medical device industries.




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Robotiq's new AX20 & AX30 palletizers surpass weight & reach limits

New cobot palletizers can build pallets as high as 108 inches and handle packaging as heavy as 60 pounds.




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Piab’s Vacuum Conveying Changeover Champion

Machine learning in the new, unique piFLOW p SMART aims to take vacuum conveying to a new level.




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ProMach acquires conveyor solutions provider Sentry Equipment & Erectors Inc.

In addition to its vast portfolio of conveyance solutions, Sentry manufactures a wide array of packaging equipment, including case and bulk palletizing, de-palletizing, and robotic systems. 




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ProAmpac's Rotibag Provides Sustainable Solution for Grab-and-Go Food

Rotibag's innovative features include an integrated handle, making it ideal for hot grab-and-go items like rotisserie chicken and other prepared foods, while its fog-resistant packaging ensures product visibility.




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New Line of Compact Counting & Packaging Equipment for Unmixed, Single Type or Single Flavor Products

The fully servo-driven HQ Series counting & dispensing machines are designed to provide 100% accuracy for primary or secondary packaging of candy, confectionary and chocolate as well as non-food products.




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Antares Vision Introduces Label & Print Layout Quality Control System

AV Print Inspector offers whole-label inspection, including image matching, code reading and color detection, at speeds up to 80 meters/minute.




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Yoran Imaging to Introduce Thermal Imaging Inspection & Data Capture Technology

The packaging solutions will be on display at Pack Expo Las Vegas Booth N-10942, September 11-13. 




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PODCAST | Factory Floor Space & Smart Sensor Technology

Michael Kundinger of Kundinger Inc. elaborates on several of the technologies that the company showcased at its booth at the recent Converters Expo.




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Sambo Corrugated Board Installs Koening & Bauer Rotary Die Cutter

With a range of new technological features, the High Tech series has been continuously developed in recent years, making it to one of the best-selling machines on the market. 




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From Campus to Career: The Critical Importance of Experiential Learning in Workforce Preparation

From Campus to Career: The Critical Importance of Experiential Learning in Workforce Preparation jhammond@desti… Tue, 09/24/2024 - 16:52

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From the lens of a student, workforce development in tourism relies on mentorship, internships, and real-world experiences. Engaging students early through meaningful industry connections prepares them to contribute actively, building confidence and shaping the future of the travel and tourism workforce.

4 min read

Industry Events Spark Career Vision for Students

Attending Destinations International’s Annual Convention for the first time in Tampa, Florida earlier this summer was both exciting and, to be honest, a bit intimidating. As a student stepping into a room filled with industry leaders and professionals, I couldn’t help but feel a sense of awe, and nerves. These were individuals who had already solidified their careers, shaping the future of destinations and tourism, while I was just beginning to imagine where my path might lead.

Despite the initial butterflies, the more I interacted with these professionals, the more I realized they weren’t just leaders in the industry - they were also mentors and advocates for the next generation. They were eager to share insights, listen to fresh perspectives, and offer advice. Days after the convention ended, I found myself reflecting on those conversations, replaying sessions in my mind, and seeing my future more clearly than ever.

As the days passed, I felt a bittersweet sense of closure because while the convention was over, I had a newfound excitement for what was to come. I kept thinking about my potential career, revisiting the ideas and discussions I’d experienced. These interactions shifted my mindset - I no longer felt like just a student. Watching the next class of 30 under 30, I could imagine myself on that stage one day, contributing to the industry. This realization boosted my confidence and solidified my commitment to pursuing a meaningful role in tourism.


Experience Enables Students to Shape and Commit to the Industry's Future

My experience at the Annual Convention was just one chapter in my broader journey with Destinations International. As a Professional Development intern, I’ve been involved in developing certificate programs, attending meetings with industry leaders, and contributing to event planning and content creation. These hands-on experiences have connected my course work to the real world, making my learning more authentic and relevant.

As I partake in this work, I am gaining confidence, not just in my current role, but also in how my skills align with the future of the industry. As more students like me combine work with academic study, we begin to understand how our contributions can drive industry trends, innovations, and solutions. This balanced approach of connecting practical experience with academics produces well-rounded professionals who are ready to enter the field and also to shape its future.

The travel and tourism industry thrives on adaptability and fresh ideas. Engaging students early ensures the next generation is prepared to embrace changes and push the industry forward. Internships and immersive learning are essential in developing professionals who are confident in their ability to lead in a rapidly evolving industry.


A Student’s Insights on Building the Next-Generation Workforce

From my perspective, building the future workforce is more than just filling roles - it’s about creating opportunities that allow students to fully involve themselves in the industry. DMOs and other industry leaders should focus on establishing personal connections through internships, shadowing, and professional development programs. These experiences create a sense of belonging and purpose, showing students how our work is actually valued. Workforce development isn’t just a marketing campaign - it’s about creating genuine, lasting relationships that inspire growth and passion.

Mentorship is a crucial element in building a successful workforce. Passing on knowledge is important, but sharing enthusiasm for the industry is just as impactful. When mentors invest in students, they don’t just develop our skills - they also create a sense of pride and purpose in our work. Simple engagements, like inviting students to industry events or allowing them to shadow professionals, can make a significant impact. These moments of inclusion provide insight into the industry and help us build connections with professionals who can guide and inspire us.

All in all, creating an environment where students feel valued and invested in is key to shaping the workforce of the future. Both students and industry professionals must be committed to this process. When students feel respected as contributors, we become more confident and motivated to shape our paths within the industry. The more engaged we are, the more we envision ourselves as future leaders, driving the travel and tourism landscape for years to come.

As we work toward building the next generation of tourism professionals, I encourage destination leaders to consider how they can actively support their growth. One impactful way is by sponsoring local students to take part in Destinations International’s upcoming Business Intelligence Certificate program. With courses in Sales, Services, and Marketing and Communications, this program will provide emerging professionals with key skills in business events, such as decision-making, risk mitigation, and strategic planning. By investing in future leaders now with opportunities in professional development, such as the Business Intelligence Certificate, you’re ensuring they have the necessary tools to contribute to this growing and thriving industry.

About the Author

Payten Slack

Professional Development Intern
Destinations International

Payten Slack is a first-generation college student from Orlando, Florida, and a junior at NYU’s School of Professional Studies, majoring in Hospitality, Travel, and Tourism Management with a concentration in Travel and Tourism Development. She is an active member of her school’s community and puts an emphasis on ensuring students are being well-represented on a university-wide level. Payten has gained hands-on experience through her role as a Professional Development intern at Destinations International and is committed to merging academic knowledge with real-world applications to better prepare the future workforce.

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PBoC promised stronger damping to support CNY, and that's what are seeing

Justin had the news from the People's Bank of China here on Monday:

The PBOC governor Pan Gongsheng emphasized that the Bank will not let the yuan plummet without a fight:

  • Will step up countercyclical adjustment
  • Should resolutely guard against the risk of exchange rate overshoot

Today is an example of the Bank pushing back on yuan weakness, with the reference rate set 300+ points stronger for the CNY than was expected (in the Reuters model).

Offshore yuan has jumped (lower USD/CNH as shown in the chart below):

This article was written by Eamonn Sheridan at www.forexlive.com.




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S&P, Nasdaq and Dow close at new records. Russell 2000 closes just short of a new record

More records are reached today:

  • Dow industrial average closes over 44,000 for the first time ever
  • S&P index closes above the 6000 level the first time ever
  • NASDAQ index closes at a new record level as well

For the Russell 2000 it lasts record close was back on November 8, 2021 at 2442.21. The index closed at 2434.97 after reaching an intraday high of 2441.72 just short of the record closing level.

The final numbers are showing:

  • Dow industrial average +304.14 points or 0.69% at 44293.13
  • S&P index up 5.81 points or 0.10% at 6001.35
  • NASDAQ index is up 11.99 points or 0.06% at 19298.76
  • Russell 2000 up 35.33 points or 1.47% at 2434.97

For the Russell 2000, its high intraday level reached 2458.85 on November 10, 2021. For the year, the Russell 2000 is now up 20.12%. That has now surpassed a down industrial average gain of 17.52%.

The S&P index is now up 25.82% in 2024 while the NASDAQ index is up 28.56%.

This article was written by Greg Michalowski at www.forexlive.com.




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Japan's Seven & i Holdings is considering a management buyout

Japan's Seven & i Holdings is considering a management buyout to take itself private with funding from banks, Itochu Corp. and the founding Ito family in a transaction that could be worth US$58 billion

"People with knowledge of the matter" cited in the reports via Nikkei and Bloomberg.

The Japanese owner of 7-Eleven is considering going private by buying back its own shares in a bid to avoid a takeover attempt by Canadian rival Alimentation Couche-Tard, the news report says.

This article was written by Eamonn Sheridan at www.forexlive.com.




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US CPI data due Wednesday, the ranges of estimates (& why they're crucial to know)

Later today, Wednesday, 13 November, we get the US consumer inflation data for October 2024

  • due at 1330 GMT, which is 0830 US Eastern time

Previews posted already:

OK, what to expect. This snapshot from the ForexLive economic data calendar, access it here.

Taking a look at the range of expectations compared to the median consensus (the 'expected' in the screenshot above) for the key data points:

CPI Headline y/y, expected 2.6% with the range showing:

  • 2.3% - 2.7%

CPI Headline m/m expected 0.2% with the range showing:

  • 0.1 to 0.3%

CPI excluding food and energy (the core rate of inflation) y/y expected 3.3% with the range showing:

  • 3.2 - 3.4%

CPI excluding food and energy (the core rate of inflation) m/m expected 0.3% with the range showing:

  • 0.2 to 0.4%

***

Why is knowledge of such ranges important?

Data results that fall outside of market low and high expectations tend to move markets more significantly for several reasons:

  • Surprise Factor: Markets often price in expectations based on forecasts and previous trends. When data significantly deviates from these expectations, it creates a surprise effect. This can lead to rapid revaluation of assets as investors and traders reassess their positions based on the new information.

  • Psychological Impact: Investors and traders are influenced by psychological factors. Extreme data points can evoke strong emotional reactions, leading to overreactions in the market. This can amplify market movements, especially in the short term.

  • Risk Reassessment: Unexpected data can lead to a reassessment of risk. If data significantly underperforms or outperforms expectations, it can change the perceived risk of certain investments. For instance, better-than-expected economic data may reduce the perceived risk of investing in equities, leading to a market rally.

  • Triggering of Automated Trading: In today’s markets, a significant portion of trading is done by algorithms. These automated systems often have pre-set conditions or thresholds that, when triggered by unexpected data, can lead to large-scale buying or selling.

  • Impact on Monetary and Fiscal Policies: Data that is significantly off from expectations can influence the policies of central banks and governments. For example, in the case of the inflation data due today, weaker than expected will fuel speculation of nearer and larger Federal Open Market Committee (FOMC) rate cuts. A stronger (i.e. higher) CPI report will diminish such expectations. the December meeting is in focus right now.

  • Liquidity and Market Depth: In some cases, extreme data points can affect market liquidity. If the data is unexpected enough, it might lead to a temporary imbalance in buyers and sellers, causing larger market moves until a new equilibrium is found.

  • Chain Reactions and Correlations: Financial markets are interconnected. A significant move in one market or asset class due to unexpected data can lead to correlated moves in other markets, amplifying the overall market impact.

This article was written by Eamonn Sheridan at www.forexlive.com.




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NAB Launches Campaign Spotlighting Broadcasters Through First-Person Storytelling

WASHINGTON, D.C. – The National Association of Broadcasters (NAB) today announced the launch of “Voices From the Field,” a new digital campaign highlighting stories of local broadcasters through first-person accounts. The campaign, part of NAB’s “We Are Broadcasters” initiative, will spotlight how broadcasters are using their expertise, experience and dedication to local broadcasting to serve their audiences and uplift their communities.




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NAB Amplify™ Launches Early Access, Presents New Global Hub for NAB Show® Community




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NAB Statement on Inclusion of Vaccine Awareness Campaign in Coronavirus Relief Legislation

WASHINGTON, D.C. – In response to the inclusion of $1 billion for a vaccine awareness campaign in the American Rescue Plan Act of 2021, the following statement may be attributed to NAB President and CEO Gordon Smith: 




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NAB Amplify™ Demo Days Feature Expert-led Product Demos, Case Studies




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NAB Show Premiere Debuts on NAB Amplify, April 12—23




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NAB to Present Engineering Achievement and Digital Leadership Awards at NAB Amplify Event




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NAB Leadership Foundation to Honor Procter & Gamble With Corporate Leadership Award




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NAB Launches New Ad Campaign Emphasizing the Importance of Trusted, Local Broadcast Journalism

Washington, D.C. -- The National Association of Broadcasters (NAB) today launched new spots underscoring the importance of fact-based broadcast radio and television journalism at a time when misinformation is running rampant on social media.




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NAB Launches On-Air Campaign Opposing Performance Fee on Local Radio

WASHINGTON, D.C. – The National Association of Broadcasters (NAB) Radio Board of Directors voted unanimously on Friday, March 18 to approve an on-air campaign to educate listeners on the significant harm of legislation that would impose a performance fee on broadcast radio.




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NAB Launches “The Best of NAB Show Amplified”

Washington, D.C. -- The National Association of Broadcasters (NAB) today announced the launch of “The Best of NAB Show Amplified,” a collection of recorded sessions from the 2022 NAB Show, held April 23 – 27, 2022, in Las Vegas, is now available for purchase to stream through video-on-demand.




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National Association of Broadcasters Launches Campaign Supporting Ukrainian Children

Washington, D.C.– The National Association of Broadcasters (NAB) today announced the launch of a public service campaign to further support children displaced by the war in Ukraine. The campaign will run on World Refugee Day (June 20) and all proceeds will be donated to UNICEF USA to support UNICEF’s emergency response and humanitarian work in Ukraine and neighboring countries.