CU News
News from the University of Colorado in Boulder.
CU Business Review: Colorado’s becoming “beverage”-can capital
Oct 15th
Consumer demand is making aluminum cans more relevant than ever, according to a report from the University of Colorado Boulder’s Leeds School of Business.
More than 92 billion aluminum beverage cans were sold in the U.S. in 2011 reflecting a decline in annual sales — particularly among standard 12-ounce cans — since the industry’s peak five years prior.
But a number of Colorado companies, including Ball Corp., are well positioned to tap new markets in the evolving industry. Ball employs more than 3,000 workers statewide, and packaging accounts for 90 percent of the company’s sales.
“Beverage industry employment is growing faster than manufacturing employment and total employment in the state and is outperforming beverage manufacturing employment nationally,” said Richard Wobbekind, editor of the quarterly Colorado Business Review.
According to the latest edition of the review, published by the Business Research Division of the Leeds School of Business, the U.S. beverage can market remains quite healthy with a unit share of just over 40 percent.
Experts attribute the sales decline of 12-ounce cans to weak economic growth, which has consumers “trading down” to less expensive products, among other factors.
By contrast, demand for specialty can sizes grew at a robust rate of approximately 15 percent last year. From the 5.5-ounce mini-can to the 32-ounce jumbo can, brand owners are leveraging the unique sizes and shapes of the beverage cans to drive differentiation in the market.
One well-known specialty package from Ball is the Alumi-Tek bottle, or aluminum pint. Brewers have enjoyed great success with the bottles, which offer re-closable caps. Craft beers and wines have increasingly found their way into aluminum cans. Even water sold in cans has grown more than 30 percent since 2008.
“The current decrease in the U.S. beverage can market is more a sign of progress than one of decline as the industry shifts away from reliance on just the 12-ounce can,” says Jim Peterson, vice president of marketing and corporate affairs for Ball Corp. “Ball is expanding into new products and capabilities to meet demand.”
Peterson cites more than $175 million in investment across the U.S., including $60 million in Colorado for a new specialty can line in the company’s Golden, Colo., facility and a nearly $5 million expansion of its package research and development operations in Westminster, Colo.
Colorado beverage makers also benefit from state laws that support self-distribution, allowing young brands and small producers to go to market. New Belgium Brewing of Fort Collins, Colo., America’s third-largest craft brewery, started selling beer out of the back of a station wagon.
The Business Research Division of CU-Boulder’s Leeds School of Business conducts Colorado-focused economic and marketing studies, collaborating with faculty researchers, government entities, business leaders, nonprofit organizations and students. For more information visit http://leeds.colorado.edu/brd#coloradobusinessreview.
Reports: CU degree as good as gold
Oct 15th
CU-Boulder degree rated highly
nationally for return on investment
nationally for return on investment
When it comes to landing “good paying” jobs and receiving a high return on investment, University of Colorado Boulder graduates are in good shape nationally, according to two recent reports.
CU-Boulder ranked in the top 20 in a recent report released by SmartMoney that rated the return on investment for 50 of the nation’s priciest colleges for out-of-state tuition. CU-Boulder, at No. 19, finished just behind Princeton University and ahead of Harvard University, Cornell University and Yale University in the rankings, which compared starting tuition (class of 2009) to recent and mid-career median salaries of graduates.
CU-Boulder also fared well in PayScale.com’s mid-career salary ranking, coming in at No. 35 out of 452 state schools ranked for return on investment.
“This is good news for our graduates,” said CU-Boulder Provost Russell Moore, the chief academic officer of the Boulder campus. “It is good news for the constituents of the state of Colorado and the parents of students who attend the University of Colorado.”
The median salary for recent CU-Boulder graduates (out of school three years) is $45,000, while the mid-career (out of school 15 years) median salary is $87,100, according to figures compiled by PayScale.com.
“What this shows us is the return on investment for our out-of-state students is very good, but for our in-state students, who receive the same median salary coming out of school, the return is even better because they don’t have to put as much money in up front,” said Lisa Severy, director of CU-Boulder’s Career Services office.
There are several reasons for CU-Boulder graduates excelling in the job market, according to Moore.
“For a large research university, we engage undergraduates in experiential learning,” Moore said. “Our students have significant opportunities to engage in cutting-edge research, creative work and studio activities. We engage them at a higher frequency than most other public research universities, in fact, I would argue, many private research universities.”
The interdisciplinary nature of the curriculum at CU-Boulder also plays a role, according to Severy.
“We have a lot of programs that are multidisciplinary,” Severy said. “Since the world of work is multidisciplinary, this training is especially marketable when you graduate, because our students are used to working with other people outside their specific areas of study.”
While proud of the recent rankings, Moore expects the bar to be even higher in the years to come.
“We think we bring a lot of value to higher education and we are very excited about some of our innovative programs that will move the bar even higher,” Moore said.
CU-Boulder wins $1.4 million NSF award for climate change, water sustainability study
Oct 10th
The University of Colorado at Boulder has been awarded $1.4 million for a new study on how changes in land use, forest management and climate may affect trans-basin water diversions in Colorado and other semi-arid regions in the western United States.
The grant, part of the National Science Foundation-U.S. Department of Agriculture Water Sustainability Climate Program, was awarded to Assistant Professor Noah Molotch of the geography department. Molotch and his team will be identifying thresholds, or “tipping points,” of change in land use, forest management and climate that may compromise the sustainability of the policies and procedures that dictate the timing and quality of water diverted from Colorado’s West Slope to the Front Range.
Molotch said that in Colorado and semi-arid regions around the world, trans-basin water diversions that redirect water from areas of surplus to areas of demand are based on policy agreements and infrastructure operations made under climatic and land use conditions that may differ considerably from conditions in the near future. Measurements over the past 50 years, for example, suggest a broad-scale reduction in snowpack water storage in the western U.S. because of regional warming temperatures, a trend due in part to a shift from snowfall to rainfall, he said.
The Colorado Big Thompson Project depends upon a dwindling supply of Western Slope snowpack.
In addition, land-cover changes associated with population growth, fire suppression and mountain pine beetle outbreaks have altered the hydrology of mid-mountain ecosystems in the West, said Molotch, who also is a scientist at NASA’s Jet Propulsion Laboratory in Pasadena, Calif. CU is teaming up with the National Center for Atmospheric Research in Boulder on the NSF-funded project.
The NSF award comes on the heels of a May 2012 agreement between water managers in Summit and Grand counties on Colorado’s West Slope and in the Denver area on how best to share water from the Colorado River basin. “This is a great example of communities that historically battled for water resources coming to the table in a good faith effort to find solutions to water allocation issues,” said Molotch. “These groups have no pretenses about the potential impacts of climate change and realize we can’t afford to bury our heads in the sand on this issue.”
Collaborators on the project include Patrick Bourgeron and Mark Williams, fellows at CU-Boulder’s Institute of Arctic and Alpine Research, and David Gochis, Kathleen Miller and David Yates of NCAR.
A study led by Molotch published Sept. 10 in Nature Geoscience tied forest “greenness” in the western United States to fluctuating year-to-year snowpack. The study indicated mid-elevation mountain ecosystems — where people increasing are building second homes and participating in a myriad of outdoor recreational activities — are most sensitive to rising temperatures and changes in precipitation and snowmelt.
“We found that mid-elevation forests show a dramatic sensitivity to snow that fell the previous winter in terms of accumulation and subsequent melt,” said Molotch, also a fellow at INSTAAR. “If snowpack declines, forests become more stressed, which can lead to ecological changes that include alterations in the distribution and abundance of plant and animal species as well as vulnerability to perturbations like fire and beetle kill.”
Colorado snowpack was at an all time low this past winter
As part of the new award, Molotch and his team will evaluate regional climate models in the mountain West developed at NCAR in an attempt to make temperature, precipitation and snowpack projections “more robust,” Molotch said. While the efficiency of water in trans-basin diversion projects in the western U.S. has in the past been enhanced by the natural storage of moisture in mountain snowpack that allowed for a slow, steady delivery of water into the system, warming temperatures are already causing this beneficial “drip effect” to be greatly reduced, he said.
If the winter temperatures are hovering around 15 degrees Fahrenheit and the climate warms by a few degrees, for example, there will be negligible impact on snowpack, Molotch said. But if temperatures hover near freezing, slight temperature increases can trigger earlier snowmelt, and precipitation that used to be in the form of snow turns to rain, significantly affecting trans-basin water diversion activities.
“One of the most interesting aspects of this project to me is the changes we are seeing in the ‘wildland-urban interface,’ particularly in Colorado,” he said. “There is some irony that Front Range people who have built second homes in Summit County, for example, may actually start to have an effect on the water they have relied on to be piped through the Continental Divide to the Denver area.”
Burned forests can cause early runoff
In addition to providing land and water resource decision makers with projections on how future water supply and demand will change in the future, the NSF-funded project will provide a unique educational experience for graduate students, Molotch said.
“We have climate change, snowpack, changes in land use, all feeding into the pipeline that is bringing water to Colorado’s Front Range,” he said. “As the two main stressors, climate change and land use increase, there is the possibility of pushing the systems into an unsustainable state.”
