Reflecting on 2024 So Far: Century Printing and Packaging’s Milestones and Observed Market Trends

As we stand at the midpoint of the year, Century Printing and Packaging takes a moment to reflect on the milestones achieved, strides made, and advancements moving our industry. CP&P has seen great progress and has established strategic initiatives that set the stage for the next six months to improve and innovate for every client.

Century Printing and Packaging has achieved remarkable success this year, having sold over 85 million labels and fulfilled over 3,000 orders. This substantial volume highlights CP&P’s ability and dedication to meeting high demand while maintaining top-notch execution. The presence of a well-organized team working in unison has been instrumental in reaching these impressive milestones.

Let’s uncover some direct impacts to better understand what led to Century Printing and Packaging’s success in the year’s first half.

According to an article on LinkedIn, the Chemical Resistant Labels Market is projected to grow by 13.6% from 2024 to 2031. CP&P has focused on the chemical segment, which has led to their growth and expertise in providing specialized labeling solutions for this industry. Keeping up with this rapidly growing market shows their ability to meet the specific needs of chemical manufacturers, ensuring safety and compliance through durable and long-lasting labeling solutions.

Another reason for the remarkable success witnessed in 2024 is the sale of RFID labels. Century Printing and Packaging has taken the necessary steps to integrate itself into the new world of RFID labeling, not only to understand the industry’s changes but also to position the team as experts in the space. CP&P also intends to invest in encoding equipment for RFID labels within the year, bolstering its capability to stay current with future RFID trend needs.

In line with technological advancements, CP&P is exploring the purchase of a second digital press by the end of the year. This investment will empower the team to proactively assess and respond to customers’ evolving needs. By incorporating additional production bandwidth through introducing new presses, CP&P will have the capacity to accommodate a broader range of customer requirements.

Next, let’s examine market dynamics and customer trends that are significantly contributing to CP&P’s 2024 growth.

We are all experiencing the impact of inflation in one way or another, but one positive effect is the growing favor for store brands over name brands. A significant number of CP&P’s customers produce store brands, and this change in consumer preference has directly boosted sales. You may have already observed the trend of store brands occupying more space in shopping carts as consumers actively seek budget-friendly alternatives to name brands. Read more about this trend in the Wall Street Journal.

In contrast to last year, when supply chain disruptions presented significant challenges, 2024 has witnessed more stable supply chains. Century Printing and Packaging has taken proactive measures by expanding its pool of materials suppliers. This move ensures cost competitiveness and swift production timelines without any delays. The newfound stability has enabled CP&P to prioritize delivering consistent quality and reliability to their customers, even amid ongoing uncertainties in global supply chains.

Lastly, let’s dive into some strategic initiatives that CP&P has taken that will lead them into a flourishing 2025.

Century Printing and Packaging has conducted extensive studies on setup costs in response to customers’ heightened price sensitivity. This research has allowed them to refine existing pricing models, ensuring competitive quotes while maintaining profitability. By understanding the detailed costs of each production run, CP&P can provide customers with the best possible pricing without compromising quality.

Century’s workforce remains a cornerstone of their yearly success. CP&P takes pride in having a stable and dedicated team with the right people in the right positions, driving operations forward without interruption. A unified team, all pushing in the same direction, will fortify CP&P against any challenges that come their way in the second half of the year.

Looking ahead to the second half of 2024, Century Printing and Packaging is confident in its ability to continue providing high-value labels at every price point to its customers. The strategic investments mentioned above, strong production capabilities, and stable supply chains position CP&P well for future growth.

Century Printing and Packaging wouldn’t be here today without the support of its customers, partners, and team members for their continued collaboration and dedication. Together, CP&P is looking forward to achieving even greater milestones in the coming months and years.

Thank you for being a part of the journey.

Leading the Way in RFID Labeling

Staying ahead of the curve is essential in the rapidly evolving labeling industry. The Century Printing and Packaging team, led by the expertise of Ben and Neil, has made it their goal to advance with the movement toward RFID (Radio-Frequency Identification) labels. Recently, they attended a conference at Auburn University, where they were immersed in the latest trends and requirements in the RFID labeling sector.

Auburn University’s RFID lab, a beacon of innovation in Radio-Frequency Identification technology, is pivotal in advancing RFID applications across various sectors and helping businesses integrate this technology into their operations effectively. Through its cutting-edge research and hands-on approach, Auburn’s RFID lab is shaping the future of this revolutionary technology and its impact, providing reassurance about the industry’s progress.

Ben and Neil traveled to Auburn University’s RFID conference on Wednesday, April 3rd & Thursday, April 4th, in Auburn, Alabama. Their mission was simple: learn from experts in the industry, network with peers, and gain a deeper understanding of how RFID technology is reshaping the packaging landscape. The annual conference at Auburn University is a pivotal event for those looking to stay ahead by gaining the essential expertise to educate their teams and customers. The conference was centered around source tagging and RFID technology, which provided valuable insights into the latest trends, requirements, and best practices in the field. With workshops, presentations, and discussions conducted by leading experts, the two days spent in Auburn offered a comprehensive and informative experience that will be influential in the early and later stages of RFID adoption. One key trend discussed at the conference is the increasing adoption of RFID tags by major retailers like Walmart. These tags are now a requirement for many products, and Auburn University’s RFID lab plays a crucial role in approving packages with RFID tags.

Packaging providers, like CP&P, play a crucial role in this shift towards RFID technology, eventually leading to the natural extinction of the universal, widely accepted barcode. As retailers and other industries increasingly adopt RFID tags for their products, packaging providers are instrumental in integrating these tags into their everyday solutions. The ARC lab prioritizes partnering with packaging providers to ensure their active involvement in the RFID process. This essential collaboration ensures that businesses have a thorough understanding of the process and are prepared to use this information to shape future decisions.

One of the main challenges in adopting RFID technology is the possibility of signal interference with certain products. Materials like metal or products that contain liquids might obstruct or weaken RFID signals, making it hard to read tags accurately. It is essential to recognize that onboarding and verification are critical, particularly in situations involving products with these characteristics.

As exemplified by their attendance at the conference, Century Printing and Packaging is not just keeping pace with industry changes but leading the way. They’ve received positive feedback from previous RFID initiatives and are already seeing customer requests based on their expertise. While at the conference, Ben and Neil engaged with multiple vendors regarding equipment and possible investment in the future. This investment will ensure they can offer customers more integrated and efficient solutions while meeting major retailers’ evolving requirements.

As RFID technology progresses, it’s poised to replace barcodes as a ubiquitous labeling solution. The food market, in particular, is expected to see significant growth in RFID adoption to help with issues such as traceability and rotation. CP&P aims to educate its customers and help them choose the best solutions. By providing cost-effective options and staying on top of future demands, they ensure their customers are well-equipped to meet the challenges of an increasingly RFID-driven market.

Century Printing and Packaging’s commitment to innovation and customer satisfaction sets them apart as a leader in the RFID labeling industry. With their proactive approach and dedication to excellence, they’re well-positioned to meet the ever-changing pressures of the market and provide the best solutions to their customers.

The Rise of RFID Technology

In the ever-evolving world of technology, staying ahead of the curve is essential. Over the past decade, RFID technology has significantly entered inventory management and retail operations. Historically, barcodes have been used for fundamental information and RFIDs are now the new kids on the block, offering unparalleled efficiency and data information in the supply chain. The Century Printing and Packaging team understands the importance of embracing this cutting-edge technology and is there to help clients transition into the RFID era.

Walmart, the retail giant, has been at the forefront of RFID adoption. It initially started using RFID technology in the clothing department, requiring all products to be equipped with new RFID tags. Over time, this practice has expanded to other sections, including automotive and electronics. The primary goal here is security and, more notably, ensuring proper inventory management and shelf restocking.

RFID, which stands for Radio Frequency Identification, is a revolutionary technology that provides real-time visibility into inventory levels, making restocking shelves more streamlined and accurate. With RFID, each product or package is equipped with a tag containing an antenna, a transceiver, and a transponder. Employees can quickly scan products with handheld devices or, eventually, through automated systems like robots that constantly take inventory. This instant feedback ensures that items are always in stock, preventing customer frustration and loss of sales.

Implementing RFID technology is a multi-step process. The first step involves determining where the RFID label will be placed on the product. This can be a challenge for liquid products, as RFIDs cannot scan through liquids. Therefore, labels are placed where there is no liquid interference, such as on the handle of a container or bottle.

The second step is to print the label with the correct information, ensuring the antenna matches the data. This precision is critical to ensuring the effectiveness of RFID technology.

Finally, the label is applied to the product during the third step. Care and attention to detail are crucial during this process, as any damage to the label or its components can render it useless. For suppliers sending products to retailers like Walmart, damaged RFID labels can lead to rejection and lost business.

Century Printing and Packaging is well-versed in the nuances of RFID technology. The team has conducted extensive research and gathered valuable insights into its implementation. Ben and Neil are equipped to handle questions concerning the push to RFID labels and deeply understand the potential pitfalls.

Walmart isn’t the only retailer embracing RFID technology. They plan to expand their use of RFID technology to additional departments in February 2024. Other major retailers like Target are expected to follow suit. It’s only a matter of time before most, if not all, big-box retailers require this technology to enhance inventory management and customer satisfaction. The next frontier for RFID technology is the food industry, where its impact will be substantial. Properly managed inventory is crucial in the food sector to prevent shortages and food waste.

As the adoption of RFID technology continues to grow across various industries, Century Printing and Packaging is committed to remaining at the forefront of this technological revolution. Their expertise in RFID implementation and commitment to helping clients adapt to the changing landscape positions Ben and Neil as leaders in the field. It is firmly believed that RFID technology will soon become as ubiquitous as barcodes, and those who embrace it now will thrive in the ever-evolving world of retail and beyond. Don’t be left behind—embrace RFID technology with Century Printing and Packaging, your trusted partner in manufacturing.