Globalization: What’s the Deal?

In 2007, the FPA issued a report titled, “The Impact of Globalization on the U.S. Flexible Packaging Industry.” The report identifies opportunities and threats to U.S. flexible packaging converters resulting from the global market.

It defines opportunities as external (global) and internal (domestic). For example, external opportunities exist for large- and medium-size U.S. converters to establish presence in emerging markets by one or more business models including manufacturing or commercial presence, technology transfer, license deals, and so on. Small and medium U.S. converters will mainly see internal opportunities such as supporting large converters as they develop new global business.