State of the Industry: Global Consolidation in Packaging

Adopting just a few of the strategies used by market leaders can ensure small to mid-sized business owners remain competitive and increase their chances for leadership and/or survival in today's market. Having a meaningful, robust budgeting process and management succession in place, along with a detailed competitive analysis and profitability management that incorporates product line pricing and costing models are important. Identifying complementary acquisition targets and keeping in touch with competitors is considered a value-enhancing activity; showing evidence of a successful acquisition program will really impress.