CCL Industries, Inc is one of the best packers of consumer goods in the world. Over its 50-year history, the company has grown from a small room to multinational firms using 7,500 people with more than $ 1.6 billion in sales. CCL is facing an uncertain environment, which has led to a major strategic reorientation, when his plan to sell the largest division was abolished. The global economic downturn and lower consumer confidence, combined with extensive international operations, significantly increase the risk of sales and BPC already thin profit. In the past, the company has flourished thanks to the diversification of products gained through acquisitions. The slowdown in economic growth and uncertainty means that this strategy may not be appropriate in the future. Chief Executive recognizes time, attention, advice, composition and operation of the board of directors is likely to be changed to reflect this new reality. "Hide
by Lawrence G. Tapp, Trevor Hunter Source: Richard Ivey School of Business Foundation 11 pages. Publication Date: January 10, 2003. Prod. #: 902M45-PDF-ENG
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