Board Converting News, March 14, 2022

Board Converting News, March 14, 2022

BoardConverting Serving the North American Corrugated and Folding Carton Industries for 38 years March 14, 2022 VOL. 38, NO. 11

AICC Xperience Panelists Share Customer Service Improvements BY LEN PRAZYCH AICC’s Packaging Xperience, which convened March 1-3 at the Hilton Kansas City Airport in Kansas City, Missouri, delivered an abundance of business-relevant and compelling information to approximately 90 at- tendees by stellar subject matter experts. An event highlight, however, was a panel discussion that took place during the first General Session.

NAM: Manufacturing Orders Jump Again In January New orders for manufactured goods rose 1.4 percent to a record $544.2 billion in Jan- uary, according to Chad Moutray, Ph.D. and Chief Economist at the National Association of Manufacturers (NAM). Excluding transpor- tation equipment, manufacturing orders rose 1.0 percent in January, also an all-time high. Overall, the manufacturing sector continued to expand strongly—despite supply chain, workforce and pricing pressures—with new orders soaring 13.6 percent year-over-year. The ISM Manufacturing Purchasing Man- agers’ Index rose from 57.6 in January to 58.6 in February, led by strength in new orders, which grew at the fastest pace in five months. Cost pressures continued to be highly ele- vated, but with the index for prices declining from 76.1 in January to 75.6 in February. Wait times for deliveries continued to be very long. Private manufacturing construction spend- ing jumped 8.5 percent to a record $92.86 billion in January, soaring 31.2 percent over the past 12 months. These >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48

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