Speaker: 
 00:00:09  
This week, we've got an industry update, meeting deadlines, elections.
Speaker: 
 00:00:14  
And award-winning students.
Speaker: 
 00:00:16  
The new issue of scoring boxes will be available later today.
Speaker: 
 00:00:20  
Scoring boxes is written by Dick store at the president of
Speaker: 
 00:00:23  
Richard store and associates.
Speaker: 
 00:00:25  
According to Dick's August report.
Speaker: 
 00:00:27  
The U S economy showed surprising strengthen in the second quarter.
Speaker: 
 00:00:31  
As GDP grew at a 2.2% annual rate.
Speaker: 
 00:00:34  
In Q2 of 2023.
Speaker: 
 00:00:36  
Up from 2% in this year's first quarter and significantly above
Speaker: 
 00:00:40  
the second quarter of last year, which was 0.6% to the negative.
Speaker: 
 00:00:45  
Spending on nondurable consumer goods rose by 0.4% during June.
Speaker: 
 00:00:50  
But production of non-durable goods declined by 1% in June as
Speaker: 
 00:00:54  
inventory reduction continued.
Speaker: 
 00:00:56  
Personal incomes grew by an inflation adjusted 0.3% in June.
Speaker: 
 00:01:01  
Still tracking closely with the 0.4% gain and consumer outlays.
Speaker: 
 00:01:05  
Most of consumer spending was directed towards services where recovery
Speaker: 
 00:01:09  
of spending continues to be strong compared to that spent for goods.
Speaker: 
 00:01:13  
One factor for stronger economic activity than expected has
Speaker: 
 00:01:17  
been the residual COVID fiscal.
Speaker: 
 00:01:19  
Stimulus granted by the government in 2020 and 2021.
Speaker: 
 00:01:23  
However recent data on record high us loan and credit card balances could signal
Speaker: 
 00:01:27  
that economic impact from the pandemic stimulus money is nearing its end.
Speaker: 
 00:01:32  
You can read the full report@nowdotaiccbox.org.
Speaker: 
 00:01:37  
You'll find it under resources, then industry stats.
Speaker: 
 00:01:41  
The AICC annual meeting . In Louisville, Kentucky is
Speaker: 
 00:01:44  
september 18th through 20th, one last reminder, the early bird deadline and
Speaker: 
 00:01:48  
the hotel deadline, our August 25th.
Speaker: 
 00:01:51  
Learn more and register@aiccbox.org slash meeting.
Speaker: 
 00:01:56  
AICC offers leadership development and networking opportunities to members
Speaker: 
 00:02:00  
through the AICC emerging leader program.
Speaker: 
 00:02:04  
Emerging leader, activities and events are led by their delegates.
Speaker: 
 00:02:07  
Each year.
Speaker: 
 00:02:07  
A new delegate is elected by their peers in the program.
Speaker: 
 00:02:11  
This year, the AICC emerging leaders have selected Evan Clary.
Speaker: 
 00:02:15  
North American sales manager at national corrugated machinery
Speaker: 
 00:02:19  
to join senior delegate, John Macquarie of CST systems and junior
Speaker: 
 00:02:23  
delegate, Jordan Dawson of Harris packaging on the ER leadership team.
Speaker: 
 00:02:28  
Congratulations, Evan.
Speaker: 
 00:02:30  
You can learn more about the emerging leader program@aiccbox.org slash leader.
Speaker: 
 00:02:36  
The annual AICC student packaging design competition concluded with resounding
Speaker: 
 00:02:40  
success, highlighting the exceptional talent and creativity of students in the
Speaker: 
 00:02:44  
field of corrugated packaging design.
Speaker: 
 00:02:46  
The competition has two distinct categories, structure and design.
Speaker: 
 00:02:50  
And it sheds light on the future of the corrugated packaging industry.
Speaker: 
 00:02:54  
Participants were tasked with creating a hardware shipper box.
Speaker: 
 00:02:58  
That could safely transport assorted items, including traditional light bulbs,
Speaker: 
 00:03:02  
a hammer, and a box of nails all while enduring the rigors of courier delivery.
Speaker: 
 00:03:07  
The event offers AICC members and packaging professionals, a glimpse
Speaker: 
 00:03:11  
into the designs that will shape the industry's landscape in the years to come.
Speaker: 
 00:03:15  
The first place team in the structure category came from
Speaker: 
 00:03:18  
Dunwoody college of technology.
Speaker: 
 00:03:20  
And first place and graphic design went to a team from the
Speaker: 
 00:03:23  
university of Texas Arlington.
Speaker: 
 00:03:26  
The winners will join us at the AICC fall meeting and make connections with
Speaker: 
 00:03:30  
independent converters who can bring them on board, their teams in the feature.
Speaker: 
 00:03:33  
Learn more about the winning teams And the student design
Speaker: 
 00:03:36  
competition@aiccbox.org slash student design now you're up to date.