the To Reduce Waste, It’s Vital to Close the Gap in Sustainable Packaging Closures By www.packagingstrategies.com Published On :: Wed, 11 Sep 2024 00:00:00 -0400 Advances in compostable packaging technology now offer innovative packaging solutions made of plant-based and other compostable plastics to create compostable zippers and closures that offer the same durability and functionality as conventional plastic closures. Full Article
the Sanitary Equipment Design for the Times By www.packagingstrategies.com Published On :: Mon, 02 Nov 2020 00:00:00 -0500 Sanitary equipment is used in food, pharmaceutical, meat and dairy packaging applications religiously. In times like these — during a pandemic or other situations that threaten food safety — it is of utmost important to know what you need. Full Article
the Why Customizable E-commerce Kits Make the Ultimate Unboxing Brand Experience By www.packagingstrategies.com Published On :: Thu, 07 Jan 2021 00:00:00 -0500 Today’s customers are constantly bombarded with ads and brand messaging. When it comes to high-end products like cosmetics, liquor or consumer electronics, premium packaging is not just nice to have — it’s an expectation. Full Article
the The Beverage Carton Industry Outlines Sustainable Packaging Commitments By www.packagingstrategies.com Published On :: Mon, 29 Mar 2021 10:18:39 -0400 The ten year roadmap aims for beverage cartons made from renewable and/or recycled material. Full Article
the Universal Investment & Industries Finds Success with Theegarten-Pactec Cartoner By www.packagingstrategies.com Published On :: Mon, 18 Sep 2023 13:40:16 -0400 Universal Investment & Industries has been extremely successful in the service and packaging industry for years. Full Article
the High Tech Meets Simple Pleasures in the Snacks and Cereals Segments By www.packagingstrategies.com Published On :: Tue, 30 May 2023 00:00:00 -0400 In this story, we take a look at some of most recent announcements regarding the creation and adoption of new snack packaging materials. Full Article
the Mars furthers goal of using 100% reusable, recyclable, or compostable packaging By www.packagingstrategies.com Published On :: Thu, 14 Mar 2024 00:00:00 -0400 Mars' use of this simulation technology has already reduced the quantity of plastics purchased by Mars for testing by approximately 246 tons. Full Article
the Pringles Pops Out of the Can and Into the Bag with its First-Ever Puffed Snack By www.packagingstrategies.com Published On :: Mon, 03 Jun 2024 00:00:00 -0400 Snacking masterminds debut first bagged snack in 15+ years with Pringles Mingles, mingling fan-favorite flavors in a delicious, puffed form. Full Article
the Tip of the Iceberg: A Preview of the Learning Opportunities at PACK EXPO By www.packagingstrategies.com Published On :: Thu, 24 Oct 2024 00:00:00 -0400 Packaging Strategies’ recent reporting on PACK EXPO International 2024 – though extensive – represents a mere fraction of the networking and expertise sharing that will take place at the event. Full Article
the PODCAST | The Versatility of BOPP in Beer Packaging By www.packagingstrategies.com Published On :: Wed, 21 Aug 2024 00:00:00 -0400 In this interview, Stout Collective’s Matt Tanaka explains the inspiration behind the BOPP Beer and Design Conference, now in its third year. Full Article
the The benefits of enhanced Direct UHT for high-protein beverages By www.packagingstrategies.com Published On :: Thu, 26 Sep 2024 00:00:00 -0400 As we see consumer preference grow for high-protein products, Direct UHT (ultra-high temperature) becomes the stand-out processing method for its gentler treatment of protein-rich formulations, alongside other benefits. Full Article
the The Coca-Cola Company Rolls Out 100% rPET 20-oz Bottles Nationwide By www.packagingstrategies.com Published On :: Tue, 29 Oct 2024 00:00:41 -0400 Company expects to avoid its use of new plastic by nearly 80 million pounds in 2024 – the equivalent of nearly 2 billion bottles. Full Article
the GPI: Bringing Fresh Produce Back to the Future with Fiber-based Packaging By www.packagingstrategies.com Published On :: Mon, 03 Jul 2023 00:00:00 -0400 While packaging undeniably offers utility in protecting and preserving products through the supply chain, the days of shrink film, oversized plastic bags, and non-recyclable plastic trays are surely over. Full Article
the Piab Strengthens its Grip on Palletizing with the LBG-50 By www.packagingstrategies.com Published On :: Thu, 25 Jan 2024 00:00:00 -0500 An unavoidable challenge when defining a new bag gripping system in a palletizing line is to get the exact measurements to align with the conveyor rollers for a smooth lifting and releasing process. Furthermore, additional solutions may have to be considered. Full Article
the Wow Factor: 41 Winners of the German Packaging Award 2024 By www.packagingstrategies.com Published On :: Wed, 24 Jul 2024 00:00:00 -0400 Awards were presented in the categories of Design, Functionality & Convenience, Logistics & Material Flow, Sustainability, and more. The awards are a precursor to the Gold Awards that will be announced in September. Full Article
the Taking the Next Step in Automation By www.packagingstrategies.com Published On :: Sat, 10 Apr 2021 00:00:00 -0400 Working with an expert fabricator and integrator flexible enough to customize can help meet requirements while expediting completion. Full Article
the Selecting the Right Sanitary Conveyor Platform for Food Packaging Application By www.packagingstrategies.com Published On :: Tue, 08 Mar 2022 09:00:00 -0500 Regulatory legislation such as the Food Safety Modernization Act (FSMA) has been the driving force behind food manufacturers and packagers taking a closer look at their conveyor systems to ensure compliance and hygienic standards are making the grade. Full Article
the Dorner and Garvey Showcase the AquaGard GT Conveyor at PACK EXPO Las Vegas By www.packagingstrategies.com Published On :: Thu, 14 Dec 2023 00:00:00 -0500 Dorner and Garvey, both Columbus McKinnon brands, recently showcased the AquaGard GT Conveyor at PACK EXPO Las Vegas. Full Article
the PODCAST | Conveyor Belting Needs in the Face of Industry 5.0 By www.packagingstrategies.com Published On :: Thu, 17 Oct 2024 00:00:00 -0400 In this interview, Niels van den Boogert and Bobby Bauman of AMMEGA discuss CPG firms’ evolving conveyor needs as warehouses and distribution centers become increasingly automated. Full Article
the Demand for Thermal Insulation Packaging to Rise at 18.3% CAGR in Pharmaceutical Industry By www.packagingstrategies.com Published On :: Wed, 24 Feb 2021 12:00:00 -0500 A new study by Future Market Insights predicts the market to reach a valuation of $58.37 billion in 2021. Full Article
the What the Future Holds for Packaging By www.packagingstrategies.com Published On :: Wed, 05 May 2021 06:00:00 -0400 The future of packaging is in these five areas and trends. Full Article
the 3 Ways AI is Changing the Food Industry By www.packagingstrategies.com Published On :: Tue, 12 Apr 2022 00:00:00 -0400 We’ve seen many innovations related to the service, production, packaging and distribution of food over the years. These changes all aim to protect public health and create a more efficient and sustainable food industry. The following are ways that one innovation, artificial intelligence (AI), is helping the food industry to achieve its goals. Full Article
the Cruz Foam’s Cruz Cool Named to TIME’s List of the Best Inventions of 2023 By www.packagingstrategies.com Published On :: Wed, 01 Nov 2023 00:00:00 -0400 The Cruz Cool cooler is made of a home-compostable polymer rather than Styrofoam, which takes over 500 years to decompose. Full Article
the GEA unveils thermoforming packaging machine for small and medium-sized companies By www.packagingstrategies.com Published On :: Tue, 27 Aug 2024 00:00:00 -0400 The PowerPak 1000 has been specially developed as an entry-level machine for the thermoforming segment and offers advanced functions previously reserved for machines in the higher performance range. Full Article
the Yoran Imaging to Introduce Thermal Imaging Inspection & Data Capture Technology By www.packagingstrategies.com Published On :: Mon, 17 Jul 2023 11:46:07 -0400 The packaging solutions will be on display at Pack Expo Las Vegas Booth N-10942, September 11-13. Full Article
the PODCAST | Sustainability and the Growing Role of Paper Barrier Solutions By www.packagingstrategies.com Published On :: Fri, 03 May 2024 00:00:00 -0400 Chris Marshall of BOBST – a leading supplier of substrate processing, printing and converting equipment and services for the label, flexible packaging, folding carton and corrugated board industries – talks about how the regulatory environment is coaxing some firms away from plastic and toward paper. Full Article
the Dispelling the Myths and Misconceptions about Digital Corrugated Printing By www.packagingstrategies.com Published On :: Tue, 14 May 2024 00:00:00 -0400 In this article, Domino’s Ben Ginesi offers his perspective on how digital corrugated printing stacks up against flexographic and lithographic printing. Full Article
the Inovar Packaging Broadens Market Presence with Acquisition of The Kennedy Group By www.packagingstrategies.com Published On :: Thu, 01 Aug 2024 13:45:45 -0400 Acquisition adds significant capabilities to the Inovar platform, which includes industry-leading pressure sensitive, roll-fed, and RFID label capabilities. Full Article
the Coding and Printing: From Improved Recycling to Catching the Consumer’s Eye By www.packagingstrategies.com Published On :: Thu, 19 Sep 2024 00:00:00 -0400 Companies like Digimarc, Wipak, Inovar and Domino are demonstrating how advancements in coding, marking and printing are facilitating recycling efforts, lowering costs for brand managers, making it easier to hire qualified equipment operators, and more. Full Article
the Packaging’s Critical Role in the Proliferation and Appeal of Private Label Products By www.packagingstrategies.com Published On :: Thu, 03 Oct 2024 00:00:00 -0400 In this insightful article, Beth Zipko of Source Wurx makes the case that no element of private label products has improved more rapidly and dramatically than packaging, which has evolved from eyeroll-inducing to eye-catching. Full Article
the Skipping the Label: High-Speed, Direct-to-Packaging Printing Comes of Age By www.packagingstrategies.com Published On :: Tue, 08 Oct 2024 00:00:00 -0400 MCS Inc. President David Loos says high-speed inkjet printers eliminate the need for adhesive labels by printing tracking codes, special offers and other promotional messages directly on secondary packaging. Full Article
the Members of the United States House of Representatives from Virginia By www.encyclopediavirginia.org Published On :: Mon, 04 Jan 2021 09:26:01 EST Members of the United States House of Representatives are listed here in alphabetical order. Each entry includes life dates if known, a member's area of residence when first elected, period of service, and party affiliation when known. Before 1795 and again from the 1810s into the 1830s there were no well-organized political parties or parties were in flux, and for those time periods no affiliation is listed. Between 1795 and the 1810s most members are identified as Federalists or as Democratic-Republicans. The eight men who were elected to the House of Representatives in 1865 but not seated are also included in this list. John Mercer Langston, elected in 1890, was the first African American elected to Congress from Virginia. Leslie Larkin Byrne, elected in 1992, was the first woman elected to Congress from Virginia. Mon, 04 Jan 2021 09:26:01 EST Full Article
the Members of the Virginia State Corporation Commission By www.encyclopediavirginia.org Published On :: Wed, 13 Jan 2021 11:26:11 EST The Virginia State Corporation Commission was created by the Constitution of 1902. Its responsibilities include issuing charters of incorporation, policing financial industries such as banking and insurance, regulating rates that common carriers charge for freight and passengers, and enforcing the laws that govern rates charged by such public utilities as electric and telephone companies. Because the commission promulgates regulations, operates regulatory agencies, and hears appeals on some kinds of administrative matters, it exercises legislative, executive, and judicial functions and has sometimes been referred to as the fourth branch of state government. The commission consists of three members who serve six-year terms, one term expiring every second year. The governor appointed members from to 1903 to 1919; voters elected members from 1919 to 1928; and the General Assembly named members after 1928. If a vacancy occurs when the assembly is not in session, the governor appoints a new member. The first commissioners took office on March 1, 1903.Wed, 13 Jan 2021 11:26:11 EST Full Article
the What Destination Leaders Can Do to Engage Their Workforce By destinationsinternational.org Published On :: Fri, 21 Jun 2024 13:19:37 +0000 What Destination Leaders Can Do to Engage Their Workforce jhammond@desti… Fri, 06/21/2024 - 13:19 Image Off Workforce development is an issue facing just about every destination executive. Attracting, developing, retaining, and engaging a team is an incredibly fluid and complex puzzle destination executives are forced to solve every single day. Chad Kearns 7 min read June 21, 2024 What does an engaged workforce feel like? It feels like a team of people ready to rally around a shared mission they are deeply inspired by. Engaged workforces are willing to go above and beyond. They lean in, proactively looking for ways to contribute meaningfully. Engaged workforces show up to work every day, ready to bring their best to take care of the communities around them. What destination leader doesn’t want that? Unfortunately, fully engaged workforces are not as common in the destination industry as we’d like them to be. Destination executives are often left scratching their heads at how to get their team to buy in. Ready to engage your workforce? Start here: Harness the Power of Your Destination’s Purpose The purpose of a destination organization provides leadership with an inspiring mission to rally their team around. Destination organizations are powerful economic drivers. They have the power to bring positive change to the communities, cities, and regions they represent, and your workforce is likely to consist of team members with close, personal connections to the destination they represent. Destinations are naturally positioned to cultivate an inspiring organizational purpose, creating meaningful work for each and every one of their team members. “During the interview process, many candidates share that finding meaningful work is just as important as their compensation package,” shares Brook Kaufman, President & CEO of Visit Rapid City. “While there are times we can’t be competitive with the private sector on wages, the fact that our work does make a difference in our community is often the tipping point for someone accepting a position with us.” Harnessing the power of your destination’s purpose can be an incredible motivator to engage your workforce. Unfortunately, many destination leaders struggle to capture the power of their organization’s purpose. Leaders who clearly define their organization’s purpose, connect that purpose to the day-to-day work, and consistently communicate progress made can capture the full power of this engagement opportunity. “Employees want to know how their daily tasks help reach departmental and organizational goals. We can’t get from A to B without communicating where we’re headed and where each team member fits into the overall equation.” Key Recommendation for Leaders: Work to define your destination’s purpose. Then, connect the dots with organizational objectives, goals, and outcomes so that every team member understands how their contribution directly impacts the destination’s purpose. As leaders define an inspiring purpose and connect the day-to-day work to that purpose, workforce engagement grows. Compensate Fairly Let’s face it: compensation in the destination industry is an uphill battle for many executive leaders. It’s tough to compete with for-profit organizations when it comes to compensation, but destination leaders have to try to compete in this arena. Compensation is not just about salary and cash. Yes, salary and cash tend to make up an important part of what a destination can offer a member of its team, but total compensation can go far beyond that. Key Recommendation for Leaders: Execute regular compensation studies to get up-to-date compensation data for every role in your organization. Then, consider how to build a holistic compensation package, which enables leaders to assemble a competitive offering to attract and retain talent. Medical benefits, vacation time, flex time, remote work opportunities, wellness stipends, and professional development stipends are examples of how destinations are blending salaries and benefits to build competitive compensation packages. As leaders obtain accurate market data, advocate on behalf of their team to their board of directors, and build competitive compensation packages, workforce engagement grows. Establish Career Development Opportunities For many in the workforce, career development and opportunities for advancement are major motivators, driving engagement. Leaders can take advantage here on multiple fronts: first by developing their team members to fit the specific skill set their destination needs, and secondly, by engaging their team members to buy in as a byproduct of their career development and advancement. Key Recommendation for Leaders: Build your workforce by providing both internal support and external resources to foster cohesive career development. Internal support structures include mentorship programs, job shadowing, and clear career tracks. External support structures can look like stipends for class and conference attendance. As leaders are able to provide opportunities for their team members to develop and grow their careers, workforce engagement grows. Provide Clarity, Then Flexibility Work-life balance means a hundred different things to a hundred different people but here’s what most of your team really wants: autonomy to manage their work and their personal priorities. “Some employees value flexibility. Others value PTO or an organization that invests in their professional development. Delivering on what’s important to individual team members is a very effective way to keep people with you for the long term,” added Kaufman. Your workforce has priorities and goals outside of the professional work they do. That’s a good thing! And for leaders who can build destination organizations where team members can achieve both their professional and personal goals at the same time, your workforce will be more likely to engage and stick around for the long haul. Key Recommendation for Leaders: Provide clarity to each and every one of your team members about WHAT needs to get done, then give them the opportunity and autonomy to get it done HOW they need to. Define the key outcomes that must be driven for each role in your organization, work to build clarity around WHAT must happen. Then, worry less about HOW the outcome is reached. As leaders provide clarity and flexibility so team members can achieve their personal goals without sacrificing the productivity of the destination, workforce engagement grows. Show your Care Empathetic leaders build more engaged workforces. Leading with empathy should not prevent leaders from making difficult decisions, being steadfast in their beliefs, and driving the organization's needs forward. Leading with empathy connects leaders to their workforces, showing their care for the people around them and the impact that their decisions have on them. Unfortunately, it’s more likely than not that you have worked for a leader who you felt did not care about you. It’s demotivating, it causes team members to lean out, and it results in folks looking to depart your destination. Key Recommendation for Leaders: Find how you show your care for your team. It could be through consistent and meaningful 1:1 time. It could also look like taking the time to eat lunch with team members at all levels of the destination. Maybe displaying your care comes in your communication around difficult topics and decisions. Discover what works best for you, but be sure to find a way to make it known that your team members matter to you. As leaders are able to show their care, workforce engagement grows. Ask for Feedback Regularly Engaged team members feel like their voice matters and their thoughts, ideas, and concerns impact the trajectory of the destination they work for. Leaders should regularly request feedback from all levels and departments in their destination organization. When feedback is requested, it’s vital that leaders acknowledge it, share what was learned, and ultimately drive change from it. Key Recommendation for Leaders: Identify a variety of mediums and a variety of subject areas to request feedback on throughout the course of a year. Focus groups, surveys, and 1:1 meetings offer mediums to ask for feedback. Business operations, organizational culture, and personnel performance offer subject areas to get feedback on. Identifying opportunities to build feedback from your workforce into recurring organizational operations will not only provide leaders with an important data point to direct the path forward for the destination, but it will also build engagement throughout your workforce. Get Intentional to Drive Workforce Engagement Chalking up a lack of workforce engagement to generational differences is lazy. Doing so also removes leadership’s responsibility to make an active difference in how their team decides to lean in and engage or lean out and disengage. Frankly, your workforce's engagement reflects your organization’s health and development. Simply put, team members will choose to engage if they think it’s worth it. “Is driving engagement within your team hard work? Absolutely,” shared Kaufman. “But your organization will never reach its full potential without putting energy and resources into keeping employees satisfied.” Leaders have the opportunity to actively drive initiatives forward to engage their workforces. Those who do so intentionally and effectively have the opportunity to lead impactful teams that drive their organizations and the destinations they lead forward in incredibly meaningful ways. About The Author Chad Kearns Vice President & Lead Practitioner Fired Up! Culture Chad Kearns is a Vice President & Lead Practitioner at Fired Up! Culture. Chad partners with destination executives across North America to successfully work through powerful change management processes to create healthy, high-performance organizations. Areas of expertise include culture change, organizational values development, performance management philosophy and practice, operational efficiencies and enhancement programs, executive coaching, leadership development and succession planning. chevron_right More from this Author Submit Your Thought Leadership Share your thought leadership with the Destinations International team! Learn how to submit a case study, blog or other piece of content to DI. Submit to DI Industry Solutions Workforce Development Partner Fired Up! Culture Show Header? On Full Article
About The Author Chad Kearns Vice President & Lead Practitioner Fired Up! Culture Chad Kearns is a Vice President & Lead Practitioner at Fired Up! Culture. Chad partners with destination executives across North America to successfully work through powerful change management processes to create healthy, high-performance organizations. Areas of expertise include culture change, organizational values development, performance management philosophy and practice, operational efficiencies and enhancement programs, executive coaching, leadership development and succession planning. chevron_right More from this Author
the Building a Winning Team: The Volunteer Blueprint By destinationsinternational.org Published On :: Tue, 02 Jul 2024 17:59:23 +0000 Building a Winning Team: The Volunteer Blueprint jhammond@desti… Tue, 07/02/2024 - 17:59 Image Off Volunteers play a vital role in the tourism industry. Understanding successful strategies from global destinations can help your destination organization build sustainable volunteer cultures that enrich community engagement and event success, fostering positive change in tourism and beyond. Peyton Glover 5 min read July 2, 2024 In the dynamic tourism industry, the heartbeat of success often resonates from the dedication and passion of volunteers, who embody the spirit of community and service. Their commitment transforms events into unforgettable experiences, fostering engagement and a sense of community spirit. Yet, cultivating a sustainable volunteer culture poses challenges for destination organizations. This blog explores best practices in volunteer workforce development by drawing insights from global destinations that illustrate effective strategies in communication, recruitment, retention, and appreciation, all while aiming to enhance long-term success and sustainability. Building a Sustainable Volunteer Culture Effective communication is a cornerstone in volunteer workforce development, ensuring volunteers feel informed, valued, and connected to the organization's mission. In Malmö, Sweden, the kick-off event at Baltiska Hallen for the Eurovision Song Contest rehearsals exemplified this by inspiring 400 volunteers through communication pieces demonstrating the transformative power of cultural events for their community. This information allows volunteers to understand their importance in fostering community engagement and volunteerism. Destination Tips: Utilize communication pieces to highlight the organization's mission and volunteers' impact. Ensure the volunteers have a voice by providing surveys for feedback so that next year, the event can be enhanced. Clear and consistent communication can make volunteers feel more connected and appreciated, improving their engagement and commitment to the community. When building a volunteer culture, the Florida Sports Foundation highlights the importance of apprising, acclimating, and assigning volunteers according to their aptitude. They provide comprehensive information about their various events to ensure volunteers feel informed and confident. Regular meetings are held to help volunteers become comfortable with the staff and foster a sense of belonging, making them feel valued and more likely to return. The Florida Sports Foundation matches volunteers to roles that suit their skills and interests, enhancing their experience and effectiveness. By investing in these strategies, the Florida Sports Foundation ensures volunteers feel connected, appreciated, and integral to the event’s success. Destination Tips: Assigning posts where the volunteer feels they can excel in their skillset will make them feel confident in their abilities. Having procedures where the organization's staff can understand and get to know their volunteer base will showcase their commitment to valuing their volunteers and better assist in assigning posts. Personalizing training approaches will allow volunteers to feel prepared and connected to the organization's mission, enhancing their confidence and comfort and building a sustainable volunteer culture. The 2023 UCI Cycling World Championships in Glasgow and across Scotland offer an exemplary model of effective communication and volunteer engagement. This inaugural event brought together thirteen individual UCI Cycling World Championships, relying on 3,500 volunteers. The Volunteer Strategy employed for the Championships recognized volunteers' vital role and incorporated key learnings from previous events. A Volunteer Learning Portal provided access to various training programs, including an Equality, Diversity, and Inclusion module, which allowed volunteers to enhance their skills and understanding. Event Delivery Partners (EDPs) further supported inclusivity by briefing volunteers on inclusion and accessibility and offering specialized training sessions, such as Mental Health Awareness and Deaf Awareness. Enhancing Recruitment and Retention Personalized recruitment strategies tailored to individual interests and skills effectively attract and retain diverse volunteers. Destination Markham works diligently in community outreach strategies by forging partnerships with local educational institutions, businesses, and community groups, thus cultivating a robust volunteer network. Emphasizing the professional and personal development opportunities associated with volunteering fosters long-term engagement. A mentorship program and social events outside the volunteer event cultivate a sense of belonging and camaraderie among volunteers, contributing to overall satisfaction and retention. Destination Tips: Personalized recruitment efforts, such as targeted marketing campaigns showcasing the impact of volunteer work through videos and testimonials of past volunteers, can attract a broader demographic. Creating social media campaigns with specific hashtags can help recruit volunteers by reaching them based on their interests, ensuring a steady influx of passionate volunteers. Celebrating Volunteer Contributions Recognition and appreciation are fundamental in sustaining a robust volunteer base. Initiatives such as Volunteer Appreciation Weeks and special events publicly acknowledge volunteers' contributions, reinforcing their value to the organization and the broader community. The Mat-Su Convention and Visitors Bureau, which hosted the 2024 Arctic Winter Games, recruited and trained 2,000 volunteers over two years. The destination organization ensured these dedicated individuals were celebrated for their vital roles in the event's success, thus boosting morale and inspiring continued engagement. Visit Indy's approach emphasizes treating volunteers as valued team members. Comprehensive volunteer experiences include providing uniforms, materials, and even fanny packs as part of the volunteer uniform, ensuring that volunteers are well-prepared, valued and feel a part of the organization. Destination Tips: Recognizing the importance of appreciation, such as hosting thank-you events throughout the local community and volunteer appreciation posts across social media, ultimately improves the volunteer experience. Anything an organization can do to boost morale will reinforce the volunteers' commitment. Even a small personalized thank-you note will enhance the volunteer culture. Embracing Diversity and Inclusion At its core, workforce development through volunteerism thrives on inclusivity. Organizations enrich their volunteer programs by embracing diversity in backgrounds, perspectives, and abilities, fostering innovation and resilience. Snohomish County Sports Commission exemplifies this through its integrated approach to volunteerism. By leveraging strong ties with local schools, businesses, and community organizations, they offer accessible volunteer roles and ensure equitable opportunities, empowering individuals from all walks of life to contribute meaningfully to sporting events and community initiatives. Creating flexible and diverse volunteer opportunities that cater to different preferences and availability is essential for maintaining engagement. This can include short-term and long-term volunteer projects, accommodating volunteers' schedules, and creating roles catering to various interests and skills. The inclusivity efforts at the 2023 UCI Cycling World Championships showcased this. Volunteers from 73 nationalities and ages 16 to 82 further highlighted the event's commitment to inclusivity. Destination organizations can build robust volunteer programs that drive workforce development and enrich community life by implementing inclusive practices, celebrating contributions, and nurturing meaningful connections. Ensuring that your organization has effective communication in conveying volunteer impact along with the organization's mission will be essential in developing the workforce development for volunteers. Volunteers' need for personal and professional growth and social integration should be considered when designing volunteer programs. Volunteers' unwavering dedication to their community ensures events are transformative experiences that unite and inspire the community. As we look ahead, let us continue championing volunteerism as a powerful force for positive change in tourism and beyond. About the Author Peyton Glover email pglover@destinationsinternational.org Membership Engagement Coordinator Destinations International Born and raised in Nashville, Tennessee, Peyton Glover has cultivated a robust background in destination marketing and sports marketing since earning his bachelor’s degree from Middle Tennessee State University. Peyton is the Membership Engagement Coordinator, leading initiatives to enhance workforce development and community engagement. With a keen interest in sustainable travel and community enrichment, Peyton is dedicated to leveraging his skills and experience to foster impactful connections within the tourism and sports marketing sectors. chevron_right More from this Author Submit Your Thought Leadership Share your thought leadership with the Destinations International team! Learn how to submit a case study, blog or other piece of content to DI. Submit to DI Workforce Development Show Header? On Full Article
About the Author Peyton Glover email pglover@destinationsinternational.org Membership Engagement Coordinator Destinations International Born and raised in Nashville, Tennessee, Peyton Glover has cultivated a robust background in destination marketing and sports marketing since earning his bachelor’s degree from Middle Tennessee State University. Peyton is the Membership Engagement Coordinator, leading initiatives to enhance workforce development and community engagement. With a keen interest in sustainable travel and community enrichment, Peyton is dedicated to leveraging his skills and experience to foster impactful connections within the tourism and sports marketing sectors. chevron_right More from this Author
the From Campus to Career: The Critical Importance of Experiential Learning in Workforce Preparation By destinationsinternational.org Published On :: Tue, 24 Sep 2024 16:52:48 +0000 From Campus to Career: The Critical Importance of Experiential Learning in Workforce Preparation jhammond@desti… Tue, 09/24/2024 - 16:52 Image Off From the lens of a student, workforce development in tourism relies on mentorship, internships, and real-world experiences. Engaging students early through meaningful industry connections prepares them to contribute actively, building confidence and shaping the future of the travel and tourism workforce. Payten Slack 4 min read September 24, 2024 Industry Events Spark Career Vision for Students Attending Destinations International’s Annual Convention for the first time in Tampa, Florida earlier this summer was both exciting and, to be honest, a bit intimidating. As a student stepping into a room filled with industry leaders and professionals, I couldn’t help but feel a sense of awe, and nerves. These were individuals who had already solidified their careers, shaping the future of destinations and tourism, while I was just beginning to imagine where my path might lead. Despite the initial butterflies, the more I interacted with these professionals, the more I realized they weren’t just leaders in the industry - they were also mentors and advocates for the next generation. They were eager to share insights, listen to fresh perspectives, and offer advice. Days after the convention ended, I found myself reflecting on those conversations, replaying sessions in my mind, and seeing my future more clearly than ever. As the days passed, I felt a bittersweet sense of closure because while the convention was over, I had a newfound excitement for what was to come. I kept thinking about my potential career, revisiting the ideas and discussions I’d experienced. These interactions shifted my mindset - I no longer felt like just a student. Watching the next class of 30 under 30, I could imagine myself on that stage one day, contributing to the industry. This realization boosted my confidence and solidified my commitment to pursuing a meaningful role in tourism. Experience Enables Students to Shape and Commit to the Industry's Future My experience at the Annual Convention was just one chapter in my broader journey with Destinations International. As a Professional Development intern, I’ve been involved in developing certificate programs, attending meetings with industry leaders, and contributing to event planning and content creation. These hands-on experiences have connected my course work to the real world, making my learning more authentic and relevant. As I partake in this work, I am gaining confidence, not just in my current role, but also in how my skills align with the future of the industry. As more students like me combine work with academic study, we begin to understand how our contributions can drive industry trends, innovations, and solutions. This balanced approach of connecting practical experience with academics produces well-rounded professionals who are ready to enter the field and also to shape its future. The travel and tourism industry thrives on adaptability and fresh ideas. Engaging students early ensures the next generation is prepared to embrace changes and push the industry forward. Internships and immersive learning are essential in developing professionals who are confident in their ability to lead in a rapidly evolving industry. A Student’s Insights on Building the Next-Generation Workforce From my perspective, building the future workforce is more than just filling roles - it’s about creating opportunities that allow students to fully involve themselves in the industry. DMOs and other industry leaders should focus on establishing personal connections through internships, shadowing, and professional development programs. These experiences create a sense of belonging and purpose, showing students how our work is actually valued. Workforce development isn’t just a marketing campaign - it’s about creating genuine, lasting relationships that inspire growth and passion. Mentorship is a crucial element in building a successful workforce. Passing on knowledge is important, but sharing enthusiasm for the industry is just as impactful. When mentors invest in students, they don’t just develop our skills - they also create a sense of pride and purpose in our work. Simple engagements, like inviting students to industry events or allowing them to shadow professionals, can make a significant impact. These moments of inclusion provide insight into the industry and help us build connections with professionals who can guide and inspire us. All in all, creating an environment where students feel valued and invested in is key to shaping the workforce of the future. Both students and industry professionals must be committed to this process. When students feel respected as contributors, we become more confident and motivated to shape our paths within the industry. The more engaged we are, the more we envision ourselves as future leaders, driving the travel and tourism landscape for years to come. As we work toward building the next generation of tourism professionals, I encourage destination leaders to consider how they can actively support their growth. One impactful way is by sponsoring local students to take part in Destinations International’s upcoming Business Intelligence Certificate program. With courses in Sales, Services, and Marketing and Communications, this program will provide emerging professionals with key skills in business events, such as decision-making, risk mitigation, and strategic planning. By investing in future leaders now with opportunities in professional development, such as the Business Intelligence Certificate, you’re ensuring they have the necessary tools to contribute to this growing and thriving industry. About the Author Payten Slack Professional Development Intern Destinations International Payten Slack is a first-generation college student from Orlando, Florida, and a junior at NYU’s School of Professional Studies, majoring in Hospitality, Travel, and Tourism Management with a concentration in Travel and Tourism Development. She is an active member of her school’s community and puts an emphasis on ensuring students are being well-represented on a university-wide level. Payten has gained hands-on experience through her role as a Professional Development intern at Destinations International and is committed to merging academic knowledge with real-world applications to better prepare the future workforce. chevron_right More from this Author Submit Your Thought Leadership Share your thought leadership with the Destinations International team! Learn how to submit a case study, blog or other piece of content to DI. Submit to DI Workforce Development Show Header? On Full Article
About the Author Payten Slack Professional Development Intern Destinations International Payten Slack is a first-generation college student from Orlando, Florida, and a junior at NYU’s School of Professional Studies, majoring in Hospitality, Travel, and Tourism Management with a concentration in Travel and Tourism Development. She is an active member of her school’s community and puts an emphasis on ensuring students are being well-represented on a university-wide level. Payten has gained hands-on experience through her role as a Professional Development intern at Destinations International and is committed to merging academic knowledge with real-world applications to better prepare the future workforce. chevron_right More from this Author
the Filling The Labour Gaps The Key To A Thriving Tourism Industry In Canada By destinationsinternational.org Published On :: Wed, 30 Oct 2024 15:35:42 +0000 Filling The Labour Gaps The Key To A Thriving Tourism Industry In Canada jhammond@desti… Wed, 10/30/2024 - 15:35 Image Off At a time when Canadian youth, newcomers, and members of underrepresented communities face record levels of unemployment, our sector is presented with a unique opportunity. We have a chance to transform our workforce, improve the quality of life of every Canadian, and make a positive impact that goes beyond an economic contribution. We must promote the rewarding and long-term career paths the tourism sector provides to attract and retain the next generation of Canada’s talented workforce. Nik Mills 4 min read October 30, 2024 Tourism is, at its core, about people. It’s powered by the connections we make, the stories we share, and the experiences we create together. From the dedicated hospitality workers who welcome travellers with warmth, to the local artisans and guides who bring our culture to life, it’s the people behind the scenes who truly make tourism thrive. Every journey is enriched by the unique contributions of individuals who are passionate about showcasing their communities and welcoming visitors from around the world. Employment in the tourism sector remains lower than it was before the pandemic. According to the most recent annual data, employment levels for several advanced career positions in tourism and hospitality are dramatically lower than in 2019. Air traffic controllers are down 33 per cent, executive housekeepers and hospitality workers are down 31 per cent, and for conference and event planners, employment is down 19 per cent. At a time when Canadian youth, newcomers, and members of underrepresented communities face record levels of unemployment, our sector is presented with a unique opportunity. We have a chance to transform our workforce, improve the quality of life of every Canadian, and make a positive impact that goes beyond an economic contribution. We must promote the rewarding and long-term career paths the tourism sector provides to attract and retain the next generation of Canada’s talented workforce. As an industry, we must plug the gaps that hamper productivity and threaten to damage Canada’s reputation as a tourism destination. Strategic public investment is required to promote tourism as a vocation and enhance its labour force with talent. This is best achieved through meaningful partnerships—not only within our sector but with the federal government. These partnerships will be the cornerstone of our industry’s success. To this end, TIAC is working with Restaurants Canada, the Hotel Association of Canada, and Tourism HR Canada to call on the federal government to fund a national marketing campaign through a three-year, $5-million investment. This campaign promotes tourism as a career among young Canadians. It builds on the work that THRC has initiated with its Discover Tourism program, which provides valuable career planning, curriculum, and HR tools to job seekers, employers, and educators. The logic underpinning this program presupposes that today’s youth are unaware of the career possibilities the tourism industry presents and the satisfaction that comes from showcasing Canada to its visitors. Nascent workers, read about the Discover Tourism program and take advantage of the resources available to you. Careers in tourism are varied and fulfilling; your perusal of these programs could lead you to your dream job. While we build our future workforce, we must leverage existing industry supports and government programs such as THRC’s Ready to Work program, which helps businesses recruit job seekers and integrate newcomers into a career in tourism. Its internships—a composite of in-class education and workplace training—facilitate job-readiness and career planning. Over the years, it has provided under-represented communities with career options and growth opportunities in the tourism sector by providing them access to certification programs (e.g., WHMIS, CPR, responsible alcohol service) that will open up new pathways in their pursuit of employment. The Economic Mobility Pathways Pilot is an express-entry program that pairs employers with skilled newcomers, asylum seekers, and refugees to Canada. Such opportunities enable these individuals to flourish and ensure their new lives an auspicious start. It also makes available to employers qualified candidates whose background and education could provide unique skillsets and perspectives. Even without a firm job offer, talented refugees may nevertheless gain entry into Canada and begin their new life, with employment opportunities coming as they settle into the country. Tourism operators suffering from the labour gap are encouraged to take advantage of this program that is mutually beneficial for themselves and those skilled workers who hope to call Canada home. As global demand for tourism rises, Canada must remain a top-tier destination. To do so, the fundamental needs of the sector must be met for it to thrive in the years ahead. By investing in our people and forging strong and reliable partnerships, we can ensure that Canada’s tourism industry does not just survive, but truly flourishes. Together, we can build a future that benefits our economy, our communities, and everyone involved in this wonderful sector. About the Author Nik Mills Director, Policy & Government Affairs, Tourism Industry Association of Canada As Director, Policy and Government Affairs with the Tourism Industry Association of Canada, Nik develops policy, research and government relations initiatives that support TIAC’s vision to lead the Canadian tourism industry to be one of the most competitive in the world. With extensive experience in the industry, Nik has successfully led advocacy-based consulting projects supporting job creation and economic recovery strategies for various tourism organizations. Nik studied political economy, communications, and innovation policy at Toronto Metropolitan University, York University, and the University of New Brunswick. chevron_right More from this Author Submit Your Thought Leadership Share your thought leadership with the Destinations International team! Learn how to submit a case study, blog or other piece of content to DI. 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About the Author Nik Mills Director, Policy & Government Affairs, Tourism Industry Association of Canada As Director, Policy and Government Affairs with the Tourism Industry Association of Canada, Nik develops policy, research and government relations initiatives that support TIAC’s vision to lead the Canadian tourism industry to be one of the most competitive in the world. With extensive experience in the industry, Nik has successfully led advocacy-based consulting projects supporting job creation and economic recovery strategies for various tourism organizations. Nik studied political economy, communications, and innovation policy at Toronto Metropolitan University, York University, and the University of New Brunswick. chevron_right More from this Author
the The Emerging Leaders' Guide to Thriving at Industry Events By destinationsinternational.org Published On :: Tue, 05 Nov 2024 21:09:23 +0000 The Emerging Leaders' Guide to Thriving at Industry Events jhammond@desti… Tue, 11/05/2024 - 21:09 Image Off Attending industry events as a young professional unlocks key opportunities for growth. This guide shares tips for maximizing networking, skill-building, and bringing value back to your organization. By investing in conferences, leaders empower emerging talent, fostering a resilient, forward-thinking workforce ready to lead the future. Peyton Glover 6 min read November 5, 2024 Attending events and conferences as a young professional or emerging leader is a transformative experience that offers invaluable opportunities to network, learn, and enhance your contributions to your organization. Recently, my colleague Kelsey Hayes and I attended the Texas Association of Convention and Visitors Bureau (TACVB) conference, which underscored how impactful these events can be for personal and workforce development. This guide aims to provide young professionals with actionable tips for maximizing their experience at industry events while highlighting the importance of encouraging leaders to invest in developing their emerging talent. Why Conferences Are Crucial for Workforce Development In industries like tourism and destination promotion, staying up to date with evolving trends, technologies, and best practices is essential. Conferences are more than just learning opportunities—they are investments in the growth of both employees and organizations. By attending these events, emerging leaders gain fresh insights, acquire new skills, and build connections that can ultimately improve their team’s performance and contribute to the organization’s success. Workforce development flourishes when employees—particularly younger team members—are given the tools and opportunities to grow. By sending them to conferences, leaders empower these professionals to bring back innovative ideas and actionable knowledge, strengthening the organization. Investing in young talent is the cornerstone of building a resilient and forward-thinking workforce as we prepare for the future. Building Connections: The Power of Networking One of the most rewarding aspects of attending the TACVB conference was connecting with other young professionals at the Young Professionals Reception. Meeting peers navigating similar challenges offered an immediate sense of community, which is crucial for those new to the industry. Networking is an essential component of workforce development. Building relationships with peers, mentors, and potential collaborators can significantly impact your career trajectory. These connections often open doors to new opportunities and create a support network you can rely on throughout your professional journey. Events like TACVB provide the perfect platform to establish these relationships early, laying the foundation for long-term success. Tip: Be Intentional About Networking To make the most of these opportunities, approach networking with intention. Find a buddy with someone at your level to explore the event with. Be proactive in introducing yourself to others, ask insightful questions, and genuinely engage in conversations. Make sure to bring the business cards and wear a name tag. Remember, it's not just about expanding your professional circle—it's also about building meaningful connections that can offer support, guidance, and collaboration in the future. Make these connections meaningful by connecting on LinkedIn or sending an email note. Expanding Your Skills Through Professional Development Sessions Professional development sessions are a goldmine for enhancing your skillset. At TACVB, I had the opportunity to attend several sessions that directly aligned with my role. From learning about cutting-edge marketing strategies to discovering the latest tools for stakeholder engagement, these sessions provided practical insights I could immediately apply at work. These sessions are vital for workforce development and equipping young professionals with the skills and knowledge necessary to excel. By learning directly from industry leaders and experts, young employees can bring back innovative practices that enhance their organization’s operations. Tip: Select Sessions Wisely Review the conference agenda beforehand to maximize your learning and choose sessions that align with your current role or areas where you want to grow. Divide and conquer with your colleagues at the conference to maximize the sessions attended. Don’t forget to bring your desired note-taking guide. Think critically about how you can apply what you’ve learned to your job or your team’s objectives. Review your notes within 24 hours. Don’t go on information overload; take the time to sit and reflect with your notes. A Pivotal Moment: The First-Timer Lunch Another pivotal experience at the TACVB conference was attending the First-Timer Lunch. This gathering brought together professionals at different stages of their careers, from CEOs to coordinators, providing an open forum to exchange ideas and share experiences. It was an eye-opening opportunity to connect with industry veterans while building relationships with peers attending for the first time. Interacting with experienced leaders offers invaluable mentorship opportunities and career insights for young professionals. Exposure to those further along in their careers allows you to learn from their experiences, gain advice, and explore potential career pathways. This type of engagement is crucial for workforce development, as it helps younger employees envision their future within the industry and fuels their drive to grow within their roles. Tip: Seize Opportunities to Engage Don’t be intimidated by titles or experience levels—these events are designed to encourage conversation and knowledge-sharing across the board. Take advantage of casual moments, like lunches or receptions, to introduce yourself to seasoned professionals and ask thoughtful questions. These connections can help shape your career path. Prompt questions and an elevator pitch to yourself for who you are and what you do beforehand if socializing does not come as naturally to you. Bring fun merch to hand out; this can be a great way to not only promote your brand but also get your foot in the door, so to speak, for initiating a conversation. Remember to take care of yourself. Rest and recharge your social battery to avoid burn-out throughout the conference. Bringing Value Back to Your Organization The ultimate goal of attending any conference is to bring the insights and skills you’ve gained back to your organization. After attending TACVB, we returned to our roles with new ideas for improving marketing strategies and more effective approaches to stakeholder engagement. The knowledge I acquired enhanced my performance and allowed me to contribute more meaningfully to my team’s success. From a workforce development perspective, this is where the investment pays off. When young professionals return from conferences, they come equipped with a renewed sense of purpose and valuable insights to benefit the organization. Leaders who prioritize sending their younger team members to events foster a culture of continuous learning and innovation, ensuring that the organization remains agile and competitive. Tip: Share What You’ve Learned Don’t keep the knowledge you gain to yourself—host a debriefing session with your team to share key takeaways from the conference. This will position you as a proactive leader and help disseminate valuable information throughout your organization, enhancing overall performance. Conclusion: Investing in the Next Generation Workforce development is critical for any organization looking to stay competitive in the tourism and destination marketing industry. Conferences and events allow young professionals to expand their skills, form vital industry connections, and bring innovative insights back to their teams. Our experience at TACVB emphasized just how powerful these opportunities can be, both for personal growth and for an organization's long-term success. By investing in young professionals, leaders are building a more skilled, motivated, and connected workforce—one that is ready to lead the industry into the future. Attending events is not just a steppingstone in personal career growth; it is an essential part of developing the leaders of tomorrow. About the Author Peyton Glover email pglover@destinationsinternational.org Membership Engagement Coordinator Destinations International Born and raised in Nashville, Tennessee, Peyton Glover has cultivated a robust background in destination marketing and sports marketing since earning his bachelor’s degree from Middle Tennessee State University. Peyton is the Membership Engagement Coordinator, leading initiatives to enhance workforce development and community engagement. With a keen interest in sustainable travel and community enrichment, Peyton is dedicated to leveraging his skills and experience to foster impactful connections within the tourism and sports marketing sectors. chevron_right More from this Author About The Author Kelsey Hayes Foundation Manager Destinations International As the Foundation Manager for Destinations International, Kelsey brings a wealth of experience in fundraising, event coordination, and relationship building to drive progress by supporting meaningful and sustainable initiatives within the travel and tourism industry. With a degree in Social Entrepreneurship from Texas Lutheran University, she has held integral positions at esteemed organizations including the Alzheimer’s Association and the National Multiple Sclerosis Society. Motivated by a profound commitment to social justice, Kelsey is dedicated to supporting initiatives that empower communities and foster positive change. chevron_right More from this Author Submit Your Thought Leadership Share your thought leadership with the Destinations International team! Learn how to submit a case study, blog or other piece of content to DI. Submit to DI Workforce Development Show Header? On Full Article
About the Author Peyton Glover email pglover@destinationsinternational.org Membership Engagement Coordinator Destinations International Born and raised in Nashville, Tennessee, Peyton Glover has cultivated a robust background in destination marketing and sports marketing since earning his bachelor’s degree from Middle Tennessee State University. Peyton is the Membership Engagement Coordinator, leading initiatives to enhance workforce development and community engagement. With a keen interest in sustainable travel and community enrichment, Peyton is dedicated to leveraging his skills and experience to foster impactful connections within the tourism and sports marketing sectors. chevron_right More from this Author
About The Author Kelsey Hayes Foundation Manager Destinations International As the Foundation Manager for Destinations International, Kelsey brings a wealth of experience in fundraising, event coordination, and relationship building to drive progress by supporting meaningful and sustainable initiatives within the travel and tourism industry. With a degree in Social Entrepreneurship from Texas Lutheran University, she has held integral positions at esteemed organizations including the Alzheimer’s Association and the National Multiple Sclerosis Society. Motivated by a profound commitment to social justice, Kelsey is dedicated to supporting initiatives that empower communities and foster positive change. chevron_right More from this Author
the Why Some Teachers Add Online Studio To Their Duet Subscription By legacy.duetpartner.com Published On :: Mon, 05 Jun 2023 16:05:25 +0000 Want to have access to an online teaching platform that actually works for music? Online Studio might be the solution for you. Full Article Studio Management music lesson music studio music teacher music teacher software music teaching online music lessons piano lessons piano studio studio management teach music online
the Learning Piano as an Adult – My Steps To Re-Learning The Piano By legacy.duetpartner.com Published On :: Mon, 26 Jun 2023 16:22:20 +0000 With all but one of my children driving and displaying functional levels of independence, I recently decided it was time for me to revisit one of my first loves: playing the piano. Full Article Inspiration adult piano lessons music lesson music studio music teacher music teaching piano lessons piano student piano studio
the PBOC is expected to set the USD/CNY reference rate at 7.1944 – Reuters estimate By www.forexlive.com Published On :: Tue, 12 Nov 2024 00:23:56 GMT People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a "band," around a central reference rate, or "midpoint." It's currently at +/- 2%. How the process works:Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central bank takes into account factors such as market supply and demand, economic indicators, and international currency market fluctuations. The midpoint serves as a reference point for that day's trading.The trading band: The PBOC allows the yuan to move within a specified range around the midpoint. The trading band is set at +/- 2%, meaning the yuan could appreciate or depreciate by a maximum of 2% from the midpoint during a single trading day. This range is subject to change by the PBOC based on economic conditions and policy objectives.Intervention: If the yuan's value approaches the limit of the trading band or experiences excessive volatility, the PBOC may intervene in the foreign exchange market by buying or selling the yuan to stabilize its value. This helps maintain a controlled and gradual adjustment of the currency's value.Earlier:ICYMI - PBOC Governor warned on yuan slide, will 'guard against risk of overshoot' This article was written by Eamonn Sheridan at www.forexlive.com. Full Article Central Banks
the ECB's Rehn: The direction of our policy moves is clear By www.forexlive.com Published On :: Tue, 12 Nov 2024 08:31:00 GMT The pace of the moves depends on the dataWe are data dependent but not data point dependentGrowth outlook has deteriorated due to manufacturing sectorIf disinflation stays on track, it would make a case for further rate cutsWe could be leaving restrictive territory in the spring of 2025The last thing we need now is yet another trade warTariffs impact will be medium-to-long termProtectionism by definition is inflationaryThe remarks are as you would expect from the ECB at this current stage. But they are already starting to recognise the potential impact of Trump tariffs and that's a warning signal to the outlook for next year I guess. This article was written by Justin Low at www.forexlive.com. Full Article Central Banks
the BOE's Pill: Further rate cuts likely to be a gradual process By www.forexlive.com Published On :: Tue, 12 Nov 2024 09:37:59 GMT It is just a question of how far and how fastRate cut last week does not mean that the job is doneLabour market data today show pay growth still at high levelsThere is still some work to be done on underlying domestic inflation pressuresAll that being said, Pill argues that there has been "substantial" disinflation in the UK already. To summarise, it just means that they are not necessarily going to cut rates at every coming meeting. However, they are making it clear that they do have the option to do so if need be. This article was written by Justin Low at www.forexlive.com. Full Article Central Banks
the Fed's Kashkari: The fundamentals seems strong and I'm optimistic that will continue By www.forexlive.com Published On :: Tue, 12 Nov 2024 19:06:41 GMT Comments from the Minneapolis Fed President in conversation with Yahoo Finance.Contacts are optimisticWe have to wait and see what the new government policies are, we will have to wait and seeA one-time tariff increase in transitory but it can become tit-for-tat, right now we're all just guessingImmigration could have a big effect but we will have to see what will happenNew lease inflation takes a couple years to work its way throughWe have good confidence that the housing piece of inflation will get to normal levels, though it may take a year or twoThe labor market has been surprisingly resilient, it's a good labor marketThe economy looks like it's in a strong positionIf we saw inflation surprise to the upside between now and December, that might give us pauseProbably not enough time for jobs to surprise on the upsideProductivity looks like it's been stronger, which could mean a higher neutral rate If so, we may not cut as muchWe all agree that we're above neutral nowThe rise in long-term yields doesn't look like it's about long-term inflation expectationsI think we're modestly restrictive right now. I thought we were putting two feet on the brakes but in hindsight we were only putting one foot on the brakeMy judgement is that we still have a long ways to go in shrinking the balance sheetUltimately the economy will guide us in terms of how far we need to cut ratesKashkari is candid and is oftentimes dovish but he sounded less like someone who wants to keep on cutting. His comment about one foot on the brakes was helpful in illustrating how he sees the economy and rates. The interesting discussion is about neutral right now and how close the Fed wants to go. He also touched on a longer timeline to get inflation all the way back to 2% and that should keep the Fed in the high 3s assuming no sharp slowdown in the economy. Of course, the Fed curve is also pricing 3.80% as the terminal rate. This article was written by Adam Button at www.forexlive.com. Full Article Central Banks
the NY Fed Perli says there's been more friction in money mkts lately, repo rate rise orderly By www.forexlive.com Published On :: Tue, 12 Nov 2024 21:34:24 GMT The New York Federal Reserve branch's Roberto Perli is manager of the Fed’s System Open Market Account (SOMA).Recent quarter-end money market volatility not historically large.Still strong evidence reserve levels remain abundant.No imminent signs of issues for Fed to implement monetary policy.Recent quarter-end pressure was contained.Slow rise in repo rates has been orderly.Standing repo facility stands ready to provide liquidity.Notes there’s been more friction in money markets lately.---The Federal Reserve’s System Open Market Account (SOMA) is the central portfolio used by the Federal Reserve to conduct monetary policy. It holds the securities that the Fed buys and sells through open market operations, primarily U.S. Treasury securities, agency debt, and mortgage-backed securities. SOMA is a key tool for influencing short-term interest rates and managing the money supply. By adjusting the size and composition of this portfolio, the Fed can influence liquidity, credit conditions, and the overall stance of monetary policy in the economy.In addition to domestic assets, SOMA also holds foreign currency assets, allowing the Fed to participate in foreign exchange markets when necessary. The New York Federal Reserve Bank manages SOMA on behalf of the entire Federal Reserve System. This article was written by Eamonn Sheridan at www.forexlive.com. Full Article Central Banks
the PBOC is expected to set the USD/CNY reference rate at 7.2305 – Reuters estimate By www.forexlive.com Published On :: Wed, 13 Nov 2024 00:20:24 GMT People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a "band," around a central reference rate, or "midpoint." It's currently at +/- 2%. How the process works:Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central bank takes into account factors such as market supply and demand, economic indicators, and international currency market fluctuations. The midpoint serves as a reference point for that day's trading.The trading band: The PBOC allows the yuan to move within a specified range around the midpoint. The trading band is set at +/- 2%, meaning the yuan could appreciate or depreciate by a maximum of 2% from the midpoint during a single trading day. This range is subject to change by the PBOC based on economic conditions and policy objectives.Intervention: If the yuan's value approaches the limit of the trading band or experiences excessive volatility, the PBOC may intervene in the foreign exchange market by buying or selling the yuan to stabilize its value. This helps maintain a controlled and gradual adjustment of the currency's value.Earlier re China:Green shoots in China? Excavator sales grew 15% in OctoberIt's not a pretty picture in China This article was written by Eamonn Sheridan at www.forexlive.com. Full Article Central Banks
the FX option expiries for 01 November 2024 at the 10am New York cut By www.forexlive.com Published On :: Fri, 01 Nov 2024 03:08:53 GMT Justin is away for today. This is my sad imitation of his awesome option expiry post ;-) Justin will be back on Monday. EUR/USD 1.0900 (EUR1.1bn), 1.0840 (EUR863m)USD/CAD 1.3940 (US$693m), 1.3885 (US$650m), 1.3900 (US$457m)GBP/USD 1.2900 (GBP638m), 1.2850 (GBP600.4m), 1.2800 (GBP490m)AUD/USD 0.6700 (AUD451m)NZD/USD 0.6100 (NZD720m)USD/CNY 7.1500 ($854m)EUR/GBP 0.8340 (EUR719m), 0.8400 (EUR328m), 0.8200 (EUR305m)For more information on how to use this data, you may refer to this post here. This article was written by Eamonn Sheridan at www.forexlive.com. Full Article Forex Orders
the A kickstart look at the EURUSD, USDJPY and GBPUSD from a technical perspective By www.forexlive.com Published On :: Mon, 11 Nov 2024 15:00:56 GMT The USD is higher in trading today as the Trump trade continues. HIgher USD. Higher stocks. Bonds we don't know as the bond market is closed for Veterans Day today. Gold is lower but bitcoin in higher. In this video, I take a look at the EURUSD, USDJPY and GBPUSD from a technical perspective. EURUSD: The EURUSD fell below the swing lows from June between 1.0665 to 1.06705. That is below the low from last week at 1.06819. Staying below that area keeps the sellers in control. Absent a move above those levels and the buyers are not winning. ON the downside, the next support comes in at 2024 lows between 1.0600 to 1.06097.USDJPY: The USDJPY has bounced higher and pushed to the 153.88 level. That level has helped to slow the run higher today. Recall from last week, the price did move above that level and ran to a high of 154.70 on the dollar buying after the Election before the corrective move lower (the price bottomed at the 100 bar MA on the 4-hour chart). So the pair is at a key technical level between support at the 100 bar MA on the 4-hour chart, and the high from last week at 154.70.GBPUSD:The GBPUSD has seen more up-and-down momentum over the last few weeks of trading. It is trading near the low of that up and down range with 1.2832 to 1.2872 the swing area to get to and through to increase the bearish bias. On the topside gettting back above the low from 3 weeks ago comes in at 1.29065. That would need to be broken to give the buyers more confidence. This article was written by Greg Michalowski at www.forexlive.com. Full Article Technical Analysis
the USDCHF trades above and below the 50% midpoint of the move down from the May high By www.forexlive.com Published On :: Mon, 11 Nov 2024 16:38:32 GMT The USDCHF has moved higher in trading today and in the process moved above the swing highs from last week and swing area between 0.8772 to 0.8776. That area is now a close risk and bias-defining level. Staying above is more bullish. The move above that area today has led to an increase in momentum with the price moving to and through the 50% midpoint of the move down from the Mqy 1 high. That level comes in at 0.87986 (near natural resistance at 0.8800).The price is in trading above and below that level the last four or so hours of trading with a high price of 0.8804. Also in play on the topside is its 200-day moving average at 0.8817 and a swing area from 0.88187 to 0.88251. Get above those levels would open the door for more upside momentum.So buyers and sellers are battling it out near the 50% midpoint and below the 200-day moving average. That is natural estranged can defined and limited risk against the technical levels. However, the price were to move above the 200-day moving average, the seller leaning now, should look to cover and push the price higher. ---------------------------------USDCHF SummaryThe USDCHF continues its upward trend, testing the 50% target level at 0.87986.Key Levels:Resistance0.8817 (200-day MA)0.88187-0.8825 (swing area)Support0.8772-0.87763 (last week's highs)Outlook:Breaking above 0.88187-0.8825 opens door for more upside momentum.Moving below 0.8772-0.87763 gives sellers short-term advantage.Absent a breakdown, buyers remain in control, targeting new highs since July 31. This article was written by Greg Michalowski at www.forexlive.com. Full Article Technical Analysis
the USDJPY Technical Analysis – The US Dollar is back in the driving seat By www.forexlive.com Published On :: Tue, 12 Nov 2024 08:19:19 GMT Fundamental OverviewThe puzzling weakness in the US Dollar following Trump’s victory looks more and more like it was just a “sell the fact” reaction. The greenback is now back in the driving seat, and we might also be seeing some pre-positioning into a potentially hot US CPI report tomorrow.At the latest Fed’s decision, Fed Chair Powell said that they expect bumps on inflation and that one or two bad data months on inflation won’t change the process. This keeps the 25 bps cut in December in place even if we get higher inflation readings.The market though is forward-looking, and the rise in Treasury yields showed that the market sees risks to the inflation outlook. Moreover, the red sweep could increase those fears if the progress on inflation stalls, or worse, reverses. USDJPY Technical Analysis – Daily TimeframeOn the daily chart, we can see that USDJPY continues to consolidate above the key 152.00 support zone maintaining a bullish bias. If we were to get another pullback into the support, we can expect the buyers to step in once again to position for a rally into the 160.00 handle. The sellers, on the other hand, will want to see the price breaking lower to pile in for a drop into the 148.00 handle next.USDJPY Technical Analysis – 4 hour TimeframeOn the 4 hour chart, we can see that we have a minor upward trendline defining the current bullish momentum. The price recently bounced near the trendline and we can expect the buyers to keep leaning on it, while the sellers will look for a break lower to gain more conviction for a bigger correction to the downside.USDJPY Technical Analysis – 1 hour TimeframeOn the 1 hour chart, we can see that we have a minor support zone around the 153.40 level. This is where the buyers are stepping in with a defined risk below the zone to position for the continuation of the uptrend. The sellers, on the other hand, will want to see the price breaking lower to target a pullback into the trendline. The red lines define the average daily range for today. Upcoming CatalystsThis week is a bit empty on the data front with the most important releases scheduled for the latter part of the week. Tomorrow, we have the US CPI report. On Thursday, we get the latest US Jobless Claims figures. On Friday, we conclude the week with the US Retail Sales data. See the video below This article was written by Giuseppe Dellamotta at www.forexlive.com. Full Article Technical Analysis