I'm at the Plastics News Executive Forum in Las Vegas, swapping news and information with a great group of speakers and attendees. Some of my personal favorites from the first two days:
- Jeff Mengel from Plante & Moran PLLC predicted that 300,000 tools will be moving around in the next few months, as struggling custom injection molders are liquidated and other work is transferred. Times are tough -- that's clear. But that sounds like an opportunity for the companies that are healthy enough to survive.
- Hoop Roche, formerly of Erie Plastics Corp., gave a detailed story-behind-the-story account of how the Corry, Pa., molder went out of business last year. He had lots of good advice for companies that want to avoid the same fate.
- Brian Jones, a consultant and advisor and former CEO of Nypro Inc., told the story about how the company successfully entered the packaging market in the 1990s -- despite tough competition and opposition from within the company -- and how that helped the company to make its U.S. operations profitable.