Quotables and By the Numbers: Aug. 2020

Climate, packaging, medical device security, and more.

Aug 31st, 2020

Scroll through the images above (arrows at bottom of images) for recent quotes and stats.

According to the latest from PMMI Business Intelligence, STATE OF THE INDUSTRY U.S. PACKAGING MACHINERY REPORT, the slowing of patent expiries and rise of drug launches are expected to stimulate growth in the pharmaceutical industry and demand for packaging machinery. Download the FREE executive summary at State of the Industry 2020 (PMMI members can view the full report for free.)

Event alert!

For a more interactive experience, join us for “The Most Engaging Virtual Event for the Entire Industry” at PACK EXPO Connects, Nov. 9-13. Live demos of equipment and products, live chat with product experts, expedited product search, and more. Attendee registration opens Sep. 15. Be notified when the site goes live by clicking here.

Further reading

Brands Keep Pace by Eliminating Racist Packaging Imagery

Competitive Drugs Demand Innovative Delivery Devices

Climate Change Interest Isn’t Ideology, It’s Economics

Attracting and retaining a quality workforce in manufacturing is a systemic key business challenge.

Attract and Retain a Quality Workforce, Insights with Gardner Carrick at PMMI’s ELC

NAM and MI programs and research bring information into labor outreach efforts and retention of a diverse, quality workforce.

To get better cybersecurity results, companies have started creating dedicated departments or teams within the IT department that are responsible for cybersecurity.

Personnel Training: A Critical Third Step in Cybersecurity

The best cybersecurity plan is only as good as the individuals tasked with carrying it out.

Network Management: The Second Step to Increasing Cybersecurity

Network Management: The Second Step to Increasing Cybersecurity

After a thorough operations analysis, securing networks is the next step to addressing security gaps and lapses.

How B2B can pivot to B2C operations.

The Logistics of Pivoting from B2B to B2C

The pandemic has brought swift surges to e-commerce and D2C sales. How can a traditionally B2B company quickly pivot to the B2C market during these times?

The First Step to Increasing Cybersecurity is to Analyze Operational Vulnerabilities.

The First Step to Increasing Cybersecurity

There are a number of straightforward and understandable steps companies can take to protect their operations from cyberattacks. The first is to analyze operational vulnerabilities.

Enter AmeriStar Competition For Package Design: Deadline May 21

AmeriStar entries are accepted across 17 categories, and include three special top awards: Best of Show Award, Sustainable Packaging Award, and Design Excellence Award. Here's your chance to gain recognition for your innovative package design.

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Preventing Internal Cyberattacks Could Save Companies Millions

Cyberattacks in the U.S. have the highest cost of any global nation, with an average cost of $8.64 million per occurrence for companies suffering an attack.

Inputs for materials, equipment, and labor will be getting more expensive across the board, but a tight labor market will be the biggest limiting factor for CPGs. Automation is a great way to circumvent this.

Live at the ELC: Economic Forecast for Brands Timing Their Packaging Machinery Procurement

The U.S. and global economies are poised for a long period of expansion, meaning more consumer spending power and top line growth for brands, but also higher input prices for CPGs, including materials, machinery, and labor.

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Pre-Fabricated POD for Filling? Don’t Overlook One Key Topic | Modular: The Modern Way of Manufacturing Injectables

If you’re implementing a pre-fabricated POD at your facility, this Take Five video answers why you can’t overlook space for support systems. Also covered: As injectables increase, they become more customized, requiring modular, future-proof equipment.

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Two Key Areas of Cybersecurity Vulnerability in Manufacturing

By better understanding operational weaknesses, manufacturers can guard against future threats. Read about two key areas that require assessment.

Adoption of AI in validation and other processes, including data collection and management, can result in valuable predictive qualities within a manufacturing facility.

Data and AI Accelerate Digital Transformation in Pharma

The PDA Annual Meeting emphasized the growing need for pharma manufacturing facilities to become digitalized to improve productivity, open the door to further technologies, and make the most of the ‘digitally native’ workforce.

The difference between IT and OT cybersecurity attacks.

Cybersecurity 101: The Difference Between IT and OT Attacks

There are two categories of cyberattacks, but they can create a bridge to one another, creating a potential avenue for cybercriminals to access the organization.

Critical components need to be assessed to achieve a robust cybersecurity system.

Manufacturing Cybersecurity: Critical Components for Risk Assessment

By the second quarter of 2020, cyberattacks targeting manufacturers accounted for 33% of all incidents across all industries with losses totaling hundreds of millions of dollars. Small businesses are also at risk.

Martin VanTrieste

PDA’s 2021 Honor Awards

Honorees include those who work in packaging science, automated visual inspection, and more.

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Cannabis Consumer Purchase Behavior: Buying Trends

Consumers trend toward similar combinations of products when purchasing a basket, but the majority of flower consumers prefer to buy only flower.

Each 'bird type' has specific ways of communicating, receiving information, and responding to crises.

Use ‘Bird Styles’ to Improve Your Communication in Crisis

Tips for communicating in a crisis so that people listen. Says one consultant, 'If you find yourself carefully crafting an email because you're instinctively cautious about how it might be received, don't write it.'

2021 Ista Virtual Forum Noblue

ISTA Forum Focuses on Packaging for Transport, and Temp Controlled Packaging

The 2021 Virtual ISTA Forum, including TransPack and TempPack, will be held on Tuesday, March 30th and Wednesday, March 31st.

'Your lovin' gives me a thrill, but your lovin' don't pay my bills.' From Money (That's What I Want) first released in August of 1959, written by Motown's Barry Gordy and Janie Bradford.

How does Your Salary Compare?

Are you among top earners or are you sorely in need of a raise? Calling for industry-wide response to annual salary survey conducted by IoPP and covered in Packaging World Magazine.

Acg Laboratories

ACG Opens Process Development Lab in Shirwal, India

Lab provides space for clinical trials and development projects as well as R&D and a pilot area.

In 2020, the natural and organic products industry grew to $259 billion.

Update on the Natural and Organic Market Today

In 2020, the natural and organic products industry grew to $259 billion, an increase of 12.7%, with sales on track to pass $300 billion by 2023.

More in Business Intelligence

Stéphane Pique from Accenture

New chairman takes AIPIA forward into 2021

Stéphane Piqué will lead AIPIA into the digital transformation of the industry.

Automation, specialty devices and personalization are trends leading the way in pharma/med device investments.

Six Trends Influencing New Pharma and Med Device Investments

Automation is the leading trend, with specialty devices and pharmaceuticals also on the rise.

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Bumble Bee CEO One-Minute Video: How To Communicate Through Crisis

Jan Tharp, CEO of Bumble Bee Seafood, has navigated turbulent waters. Recently, Jan sat down with OEM's Stephanie Neil during PACK EXPO Connects to discuss her journey to the top of this revamped CPG. Watch this 'Management Minute' with Jan.

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Serialization 101

Fraud is a serious issue for drug manufacturing, and pharmaceutical and medical device regulations using serialization have been mandated to defend against counterfeiting.

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Quotables and By the Numbers to Start the Year

Quotes and stats on clinical trial demographics, modes of transportation, the personalized medicine market, and more...

Jay Timmons, president and CEO of National Association of Manufacturers.

National Association of Manufacturers Calls for Political Action from VP Pence

CEO Timmons: “This is not the vision of America that manufacturers believe in and work so hard to defend.”

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Med Device Market Shifting Business Models to Automation and Technology

Four out of five medical device companies interviewed for a new PMMI white paper believe automation and other technological advances are one of the biggest changes to manufacturing in recent years.

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Pharmaceutical & Medical Devices | Webinar | Dec. 9

3 out of 4 pharmaceutical and medical devices companies predict spending more on capital equipment in the next 12-24 months. Learn more about PMMI Business Intelligence findings for this market.

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Pharma and Medical Device Capital Equipment Investments to Grow

PMMI Business Intelligence research shows 3 out of 4 companies interviewed plan to spend more on capital equipment in the next 12-24 months.

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The Global Outlook for the Pharma Contract Packaging Market

New report predicts a 7.1% CAGR from 2020 to 2027 and highlights the countries, packaging types, and packaging materials expected to see the greatest growth.

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Major Trends in Modern Health Today

Healthier eating lifestyles and habits were already on the rise before the pandemic, but now there is an updated perspective on modern health.

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Manufacturing and New Automation Technologies - What is Around the Bend?

Predictive analytics, digital twinning, and augmented and virtual reality technologies are all finding uses in manufacturing operations – from line installation and maintenance to process training.