Connect with us

Business

Companies bet on green packaging

Published

on

Amid increasing environmental concerns, some companies are rethinking how they approach packaging, aiming to minimize their environmental footprint while reducing waste and potentially cutting costs.

Packaging company DS Smith argues that better packaging could save companies $46 billion per year by reducing global logistics costs.

Wasted space is a key concern, with many goods shipped in oversized boxes and the like. With better-designed packaging, companies can reduce wasted space, allowing them to move more packages per shipment and reduce the amount of materials used.

Sustainable packaging may also attract customers. McKinsey has found that up to 70 percent of consumers are willing to pay more for sustainable packaging. More than 60 percent claim to have already gone out of their way to buy sustainable packaging, while 57 percent have made significant lifestyle changes to reduce their environmental impact.



Nestle has pledged to make all of its packaging recyclable, reusable or compostable by 2025 and has allocated $2 billion in pursuit of that goal. Unilever aims to recover half of its plastic packaging and this past March, allocated $15 million to the Closed Loop Partners Leadership Fund.

Market analysis firm Market Research Future estimates that the sustainable packaging market was worth $305.31 billion in 2020 and will reach $470.3 billion by 2027.

Governments are also working to reduce waste. Canada aims to achieve zero plastic waste by 2030 and India has announced plans to phase out single-use plastics, such as plastic bottles. In the U.S., Connecticut is moving to implement minimum recycled content requirements and Maine implemented the first Extended Producer Responsibility law, requiring producers to contribute to environmental stewardship.

Share the News:

Business

Book review: Create new markets in a blue ocean

Published

on

Blue Ocean Strategy has emerged as one of the more popular business strategies in recent memory. Why? The strategy aims to not just improve your competitiveness but to instead make your competition irrelevant.

Rather than beating competitors in markets already gripped in a death struggle, Blue Ocean Strategy suggests that companies create uncontested market space and new industries, or blue oceans.
Those who uncover blue oceans first may enjoy strong growth and minimal competition. They might also define the rules for the new industry.

Sound like pie in the sky? Throughout the essays found in the book “Blue Ocean Strategy Reader,” authors W. Chan Kim and Renee Mauborgne recount past examples of blue ocean success while also offering insights for those looking to uncover the next uncontested markets.

One frequently cited example is the entertainment company Cirque du Soleil, which created a blue ocean in what seemed like a declining red market. Traditional circuses were already going out of style in 1984 when Cirque du Soleil launched a new circus experience that appealed to upmarket patrons who traditionally enjoyed orchestras, ballet, and opera. Kim and Mauborgne argue that by doing so, Cirque du Soleil created a blue ocean.


Facing minimal competition in their blue ocean, Cirque du Soleil has grown from one show in one city to 19 shows spread over 300 cities and is closing in on $1 billion in annual revenues. Meanwhile, Ringling Brothers and Barnum & Bailey both shut down in 2017 after offering traditional circus experiences for nearly 150 years.

The essays in “Blue Ocean Strategy Reader” cover a range of topics and offer actionable insights.

Share the News:

Continue Reading

Business

Goblins and candy bars: Retailers could be in for a treat in 2021

Published

on

‘Tis the season for candy, costumes, and scary movies. As Halloween approaches, expect retailers and analysts to closely monitor consumer spending and other trends.

Halloween is the second biggest spending holiday in the United States, trumping Thanksgiving, Easter, the Fourth of July, and all the rest.

And Halloween spending has grown considerably over the years. Back in 2006, Americans spent “just” $4.96 billion. In 2017, spending peaked at $9.1 billion before cooling to $8.8 billion in 2019.

The COVID-19 pandemic put a bit of a damper on the 2020 Halloween season, with some families skipping or cutting back on trick-or-treating, parties, and other celebrations. The National Retail Federation estimates that spending dropped to $8.05 billion.


What about the 2021 Halloween season? Candy giant Hershey conducted a survey and found that 54 percent of consumers were likely to buy more candy this year, and trick-or-treating could be up by as much as 45 percent.

If so, that could bode well for retailers and trick-or-treaters alike.

The COVID-19 pandemic, among other factors, impacted consumer expenditures across the board in 2020 with annual Real Personal Consumption Expenditures (PCE) falling by 3.9 percent. Now, accounting giant Deloitte projects PCE to rise by roughly 7.6 percent in 2021 compared to a year prior.

Meanwhile, the National Retail Federation regularly conducts spending surveys and so far has found that back-to-college/school and Mother’s/Father’s Day spending has likely increased in 2021.

Share the News:


Continue Reading

Business

How to become a successful entrepreneur

Published

on

If you want to run your own company and become a successful businesswoman, here are some tips to help you achieve your goals.

• Believe in yourself. Confidence in your abilities is crucial if you want to attract employees and investors who see the potential of your product or service. This will ensure you build a solid team around you.

• Decide on a mission. If there’s a goal that’s important to you, make it the mission for your business. This will help keep you on the right track. You should also determine what sets you apart from your competitors and, above all else, be passionate about your pursuit.

• Prepare yourself mentally. A good state of mind will make it easier for you to face challenges head-on when they arise. In addition, being ready to overcome failures and keep moving forward is a key part of the process.


• Don’t be afraid to go for it. Stop doubting yourself and overthinking your plans, and just launch your business. Whatever skills you’re lacking, you can pick up along the way. Remember that books and training programs can be great resources.

• Manage your time wisely. Since it can be challenging to juggle various professional and personal responsibilities, don’t be afraid to delegate tasks. In order to succeed, you must be organized and know how to make the most of your time.

Now, it’s up to you to show the world what you can do.

Share the News:

Continue Reading

Business

How to buy a small business

Published

on

Business ownership is a dream for many people, and an alternative to starting from scratch is to buy an existing business. But where to begin?

First, with loads of due diligence. The more preparation, the better.

Your prep work starts with an honest look at your own experience, lifestyle, and desires to figure out what type of business you want to buy. It’s helpful to search for a business that aligns with your interests and skills.

Next, make sure you assemble a good team. An accountant will help you decipher financial information, and an attorney will help with negotiations and advice for structuring transactions.


You can search for available businesses in a number of places, from Craigslist to networking events and conferences. The website BizBuySell has thousands of listings.

When you do find one you’re interested in, the seller will likely ask you to sign a nondisclosure form or confidentiality agreement. The reason is that you’ll be privy to a lot of proprietary information that the seller wants to make sure remains private, should you decide not to buy.

You and your team will review financial and business documents to analyze the profitability of the business, as well as whether they’ve remained up-to-date on necessary licensing and forms.

Among others, these may include:

* Business licenses and permits

* Organizational paperwork

* Contracts and leases

* Financials, including tax returns, profit and loss statements, cash flow statements, balance sheets, accounts payable and accounts receivable, debts, etc.

* Organizational chart

* Inventory and equipment status

* Insurance documents

* Client or customer lists

* Intellectual property

Finally, if you decide to buy, you’ll have a stack of paper to review before purchase. These include things like a bill of sale, transferring ownership of vehicles and equipment, the lease and more. You might also ask the seller to sign a non-compete agreement, so they don’t start a new business that competes with yours.

Share the News:

Continue Reading

Business

Why you should work for a fast-growing company

Published

on

Is there a fast-growing company in your area that’s hiring? If you’re ambitious and love taking on new challenges, applying for a position with a business that’s undergoing major growth could be a great career move.

Environment
It can be exciting to join a company that’s developing quickly. For example, working to establish new products, services, territories, and markets can provide a unique challenge that keeps you on your toes. In addition, the dynamic atmosphere of a fast-growing company typically fosters strong bonds with co-workers and puts your skills to good use.

Conditions
In many cases, fast-growing companies attract talent by providing a range of employee benefits including competitive salaries, flexible hours, and the opportunity to work remotely. The company may also offer access to health facilities, free food, and other perks.

In short, joining a company that’s quickly growing could be a great opportunity.


If you’re hoping to make a career change, working for a fast-growing company is a great choice. You’ll have the opportunity to build new skills and grow your existing talents.

Share the News:

Continue Reading

Business

Robotics fills bill; workers are hard to find

Published

on

Find it, pick it, pack it, ship it.

That is the routine for warehouse work, and robots are coming to the rescue in an industry that just can’t hire enough humans.

Companies are investing millions in warehouse robots to pick up the slack in enormous storage and shipping facilities.

According to the International Federation of Robotics, a single robot saves up to 18 miles of employee walking, increasing picking productivity by two or three times.


In 2018, according to Stord.com, there were 400,000 robots installed per year globally. By 2022, that number will grow to 584,000 units.

In fact, robotics has come to the rescue of North American warehouses, which are struggling to find labor. In the U.S., warehousing companies added about 168,000 jobs between April 2020 and April 2021, a 13.6 percent increase. But sector payrolls contracted by 4,300 jobs from March to April, according to a preliminary report from the Department of Labor. Logistics employers simply can’t find enough staff to keep pace with demand. Logistics staffing firm ProLogistix says the average starting pay for warehouse workers was $16.58 an hour in April 2021. That is up nearly 9 percent from April 2020.

According to the Wall Street Journal, warehousing demand has been driven forward dramatically by the pandemic, which created a surge in online demand while shrinking the supply of available workers. It’s not that robots are taking human jobs so much as there aren’t humans to fill them.

Logistics providers are looking into remotely operated forklifts in warehouses that can be controlled from anywhere in the world using real-time video and audio. This could allow automation companies to find workers in areas of the employment market not usually tapped by warehousing, such as disabled workers.

Share the News:

Continue Reading

King Cartoons

Front Royal
48°
Clear
7:28am6:25pm EDT
Feels like: 48°F
Wind: 1mph E
Humidity: 87%
Pressure: 30.07"Hg
UV index: 0
FriSatSun
64/48°F
63/45°F
70/54°F

Upcoming Events

Oct
21
Thu
10:00 am Senior Painting Class with Dottie @ Strokes of Creativity
Senior Painting Class with Dottie @ Strokes of Creativity
Oct 21 @ 10:00 am – 12:00 pm
Senior Painting Class with Dottie @ Strokes of Creativity
Senior Painting Class with Dottie at Strokes of Creativity. Tickets: CLICK HERE Cost: $80 for 6 weeks Dates: Thursdays – Oct 21, Oct 28, Nov 4, Nov 11, Nov 18, Dec 4 Time: 10 am[...]
1:00 pm Art Class for 4th & 5th @ Strokes of Creativity
Art Class for 4th & 5th @ Strokes of Creativity
Oct 21 @ 1:00 pm – 2:00 pm
Art Class for 4th & 5th @ Strokes of Creativity
This class is for Grades 4th and 5th. Perfect for home schoolers. Recommended ages: 9 and 10 years old Tickets: CLICK HERE Tickets are available through Square Up, or can be paid in person at[...]
Oct
23
Sat
11:00 am Fall Farm Days: History of Sky M... @ Sky Meadows State Park
Fall Farm Days: History of Sky M... @ Sky Meadows State Park
Oct 23 @ 11:00 am – 5:00 pm
Fall Farm Days: History of Sky Meadows @ Sky Meadows State Park
Historic Area.  During Fall Farm Days History Weekend, step back in time and see history come to life. Stroll through the Historic Area buildings, interact with our living historians and discover our links to historic[...]
11:00 am The Farmer’s Forge @ Sky Meadows State Park
The Farmer’s Forge @ Sky Meadows State Park
Oct 23 @ 11:00 am – 5:00 pm
The Farmer’s Forge @ Sky Meadows State Park
Blacksmith Shop in the Historic Area. The forge is fired up and the blacksmiths are hard at work in the Historic Area. Members of the Blacksmith Guild of the Potomac have set up shop and[...]
1:00 pm Paint Class for Kids Ages 8 and up @ Strokes of Creativity
Paint Class for Kids Ages 8 and up @ Strokes of Creativity
Oct 23 @ 1:00 pm – 2:30 pm
Paint Class for Kids Ages 8 and up @ Strokes of Creativity
This is a painting class for children 8 years old and up. Tickets: CLICK HERE Tickets are available through Square Up, or can be paid in person at Strokes of Creativity. Date: Saturday, October 23,[...]
Oct
24
Sun
11:00 am Fall Farm Days: History of Sky M... @ Sky Meadows State Park
Fall Farm Days: History of Sky M... @ Sky Meadows State Park
Oct 24 @ 11:00 am – 5:00 pm
Fall Farm Days: History of Sky Meadows @ Sky Meadows State Park
Historic Area.  During Fall Farm Days History Weekend, step back in time and see history come to life. Stroll through the Historic Area buildings, interact with our living historians and discover our links to historic[...]
11:00 am The Farmer’s Forge @ Sky Meadows State Park
The Farmer’s Forge @ Sky Meadows State Park
Oct 24 @ 11:00 am – 5:00 pm
The Farmer’s Forge @ Sky Meadows State Park
Blacksmith Shop in the Historic Area. The forge is fired up and the blacksmiths are hard at work in the Historic Area. Members of the Blacksmith Guild of the Potomac have set up shop and[...]
6:30 pm Benefit Concert for Front Royal ... @ Riverton Church
Benefit Concert for Front Royal ... @ Riverton Church
Oct 24 @ 6:30 pm – 8:00 pm
Benefit Concert for Front Royal Police @ Riverton Church
Riverton Church is hosting a benefit concert featuring the Mr. Ron Dye (director) and the Riverton Church Symphonic Wind Orchestra as well as Yesterday Swing Orchestra. Free Admission: Offering taken to benefit the Front Royal[...]
Oct
25
Mon
11:00 am Art Class for K-1st @ Strokes of Creativity
Art Class for K-1st @ Strokes of Creativity
Oct 25 @ 11:00 am – 12:00 pm
Art Class for K-1st @ Strokes of Creativity
This class is for Kindergarten and First Grade. Perfect for home schoolers. Recommended ages: Ages 5 and 6 Tickets: CLICK HERE Tickets are available through Square Up, or can be paid in person at Strokes[...]
1:00 pm Art Class for 2nd & 3rd @ Strokes of Creativity
Art Class for 2nd & 3rd @ Strokes of Creativity
Oct 25 @ 1:00 pm – 2:00 pm
Art Class for 2nd & 3rd @ Strokes of Creativity
This class is for Grades 2nd and 3rd. Perfect for home schoolers. Recommended ages: 7 and 8 years old Tickets: CLICK HERE Tickets are available through Square Up, or can be paid in person at[...]