Posts tagged 2011
CU Business Review: Colorado’s becoming “beverage”-can capital
Oct 15th
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.
CU Law School students and alumni to teach high school students statewide about the Constitution
Sep 13th
Constitution Day is a national event that annually commemorates the Sept. 17, 1787, signing of the United States Constitution.
The students and alumni will visit classrooms in Aurora, Boulder, Carbondale, Colorado Springs, Denver, Glenwood Springs, Grand County, Greeley, Fort Collins, Longmont, Watkins and Wray as part of the Colorado Law School Constitution Day Project, launched in 2011 by the Byron White Center for the Study of American Constitutional Law
“The program was such a success last year that we have expanded it significantly for 2012 and hope to continue that expansion in future years,” said Melissa Hart, associate professor of law and director of the Byron White Center. “We are particularly pleased to be able to visit schools all over the state, and will maintain that priority as we expand.
“Our students and alumni are excited about the opportunity to work with high school students and teachers, and to contribute to the important goal of broadening public constitutional literacy.”
The lesson plan, which was created by law students with the guidance of Hart and several high school civics teachers, begins with a review of the basic structure of the Constitution and then focuses on the text of the Fourth Amendment, which prohibits unreasonable searches and seizures of private property by the government. After reviewing the law, students will be guided through a debate about whether a school’s search of a student’s text messages violated the student’s constitutional rights.
In the first year of the project in 2011, the center sent 60 law students to over 50 high school classrooms to teach a lesson, which was followed by student debates involving a hypothetical situation that applied the First Amendment to a student Facebook posting.
One In Five Americans Can’t Afford To Put Food On The Table
Sep 4th
Business Journal.com
As a nationwide drought threatens to drive up prices for food staples this fall, it could pose an even greater challenge for the one in five Americans who weren’t able to afford food so far this year.
For the first six months of 2012, Gallup surveyed 1,000 Americans each day to see whether they’d been able to afford basic food. From the report:
“In 15 states, at least one in five Americans say they struggled to afford the food they needed at least once during the past 12 months. Nationwide, 18.2% of Americans so far in 2012 say there have been times when they could not afford the food they needed, on par with the 18.6% who had trouble affording food in 2011.”
When broken down by states and regions, there were huge discrepancies in responses. From coast to coast, the Southern half of the nation struggled the most by far. Twenty-five percent of Mississippians reported struggling to afford food, the highest total in the country, while just 9.6 percent of North Dakota residents said the same.
And rough waters are still to come.
Within two months, prices for beef, pork, poultry, and dairy will begin to rise and the processed and packaged foods so many low-income families rely on for cheap meals will see prices soar within a year, according to the U.S. Department of Agriculture.