"Unfortunately, TLMI members are feeling the full impact of the virus with 22% having at least one staff member infected," says TLMI President Dan Muenzer. "One member sadly reported the death of an employee. We are an industry that values people above all else, so this is devastating news."
Almost half of TLMI converter members responded to the survey. Some highlights include:
- On the positive side, 57% of converter members saw an increase in business in the first 30 days of the pandemic. Unfortunately, not all markets served saw the surge of fast-moving consumer goods (FMCG), so some members did experience declines. In addition, 36% added customers, 26% supplied new end-use markets, and 42% added product lines. It appears the initial surge has slowed as 55% now believe the virus will have a negative impact on sales by year’s end.
- The sudden surge in demand did put pressure on the supply chain resulting in 96% of members experiencing delays in purchasing raw materials. TLMI members proved adaptable with 44% adding new suppliers along with 47% changing specifications to meet demand.
- TLMI converters are altering how they buy supplier products with 95% currently limiting supplier on-site visits. However, they remain optimistic on capital-equipment investment with 71% reporting no more than a three-month delay in purchasing.
- There have been lots of changes in how TLMI converters are using their work force with a significant portion of non-production people working remotely and production staff working alternate schedules. Converter members have gotten creative with employee incentives as well.
- TLMI’s core value of networking has come through with 70% of respondents saying they have used their industry peers for knowledge-sharing, and 19% have used other members to help supply their customers' labels. Seventy-eight percent of TLMI converters reported they have created new contingency plans, and 81.1% say they are comfortable responding to the changing environment.
More info: www.tlmi.com