Greatest risks facing label and packaging companies in 2023
Running a profitable labels or packaging business takes a lot of savvy. Over the past year, market dynamics did some of the work for us. Inflation, staffing challenges and continued consolidation afforded us he luxury of raising prices, extending manufacturing times and increasing customer tolerance for any encountered issues. Material shortages, while troublesome, created a magic storm that produced volume and demand beyond any other growth year. Indeed, 2022 was quite favorable and we have much to be grateful for.