NAPL Introduces New Capital Investment Study

At Monday morning’s NAPL Critical Trends Breakfast, the association introduced its Capital Investment Research study. NAPL VP and Chief Economist Andrew Paparozzi summarized the findings of the study, which was underwritten by Canon. The study includes input from 364 companies, ranging from less than $1 million to more than $300 million in annual sales.

The research began by asking participants about their investment priorities for the past three years and for the next three years. They were interviewed extensively about issues such as their most trusted sources for investment advice and what they need to do to improve their investment process. “Nothing will be more important to this industry than getting capital investment right,” Paparozzi stated.

The primary goal of the study, he said, was to help company executives understand “where we are, where we want to go, and how we are going to get there.” Paparozzi discussed how to developing and evaluating investment priorities and turning capital investment decisions into a systematic process.

This research is only the beginning. Paparozzi reported that follow-up has already begun. The result will provide far reaching benefits to help refine the process of making capital investment decisions.

Attendees also heard from a three member Industry Executive Panel made up of Allan G. Creel, Jr., President, Creel Printing; Niels M. Winther, Chairman, Think Patented; and, Raymond M. Hartman, Executive Vice President, World Graphic Services.

The PGSF Educator of the Year Award was also presented during the meeting. Pat Klarecki, Professor, Printing Management, College of Engineering Technology, Ferris State University, is the 8th person to receive this prestigious award. A check was also presented that will help fund the Fred Rogers Endowed Scholarship for the Print and Graphic Scholarship Foundation.