Monday, December 22nd, 2008

An Insurance Policy During Tough Times

As we close out 2008 there will be a collective sigh of relief followed by a collective holding of breath as we head into 2009. Since every cliche known has been used to describe the current economy, I’ll stick with my favorite: tumultuous.

I realize that all the CEOs of our member companies are focused on their businesses and that the peripheral issues may seem less important during “tumultuous” economic times like these. Rest assured that your trade association is also very much focused on your business. While you work to meet quotas, payrolls and other financial demands that change daily, SPI is continually engaged in covering your assets via equally important, but perhaps less visible, trade association work. Membership in SPI is like an insurance policy during hard times. Because most of you have been SPI members for quite some time, you realize that the dues you pay enable us to represent you in government affairs, the regulatory process, trade show development, statistics and safety programs and international trade (to name a few). Those dues dollars are now being put to good work to make sure that once the economy does rebound, the plastics industry will return to being a vibrant and highly productive component of the global market – just as it has been for the past 60+ years.

As vice president of the Equipment Council and executive director of the Machinery and Moldmakers Industry Groups, I know that these segments have been hit particularly hard. Nevertheless, our work on important industry projects continues. The development of safety standards and equipment statistics has been uninterrupted and proceeds thanks to the support of our committee members. Thanks to each member company that supports these efforts through the dedicated work of employees who take the time and trouble to travel to various meetings. We are constantly looking for ways to make these meetings more valuable and cost effective. To that end, we will be starting a series of online webinar meetings to keep the process flowing while containing costs to committee members and their companies. We are all in this together and we will all pull through together.

I’ll be blogging on a regular basis to keep you up to date on programs and events going on in the Machinery and Moldmakers Groups. Stay tuned for my next entry on the annual business conference scheduled for May 3–6, 2009 and the outstanding program we’re developing to get you the most current information on the state of the industry.

I wish you and yours a safe and happy holiday season!

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