Tejas Tanna: The year for revival and turnaround
As the year 2021, which has been particularly difficult for the industry, comes to a close, PrintWeek asked the printing and packaging fraternity to gaze at the proverbial crystal ball and predict what issue or trend is most likely to fundamentally shape Indian print/ packaging in 2022.
08 Dec 2021 | 2042 Views | By PrintWeek Team
Tejas Tanna, director, Printmann Offset, says: After the disruption caused by the pandemic in 2020 and the early part of 2021, the industry was hit hard again by the cost escalations largely due to the after-effects of the pandemic. The year 2022, in my opinion, would be the year for revival and turnaround. But this would not be easy as to counter the rising prices, the packaging converters would also need to increase the production efficiency by workflow automation and would need to find ways to reduce downtime and minimise wastage.
Another aspect that the industry would have to invest in is smart recruitments, training and upskilling and talent retention. The benefits of this would not be immediate but will be visible in the coming years.
Having said that, 2022 will continue to be the year of consolidation wherein many companies would want to gain ground and advantage through strategic partnerships and alliances.