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Industries /

Packaging

The packaging industry is pressured largely by the companies competing in consumer packaged goods, food & beverage, automotive and industrial equipment. Packaging companies are subject to the requirements of these highly competitive supply chains. Therefore extensive supply-chain capabilities, along with fulfilling a customer's marketing requirements, are key to success. Competition in commoditized packaging is intense, leading to a need to manage production assets, productivity and raw material costs. In specialty packaging there is a need to fulfill customer requirements with respect to packaging form function and design. As in the other industry divisions, packaging is characterized by increasing globalization through mergers & acquisitions.