In a year of short-term issues like supply chain disruptions, it’s important to look to the horizon. Our Megatrends Report is a compilation of what we expect for the industry over the next 10 years.
November 18, 2021
The Vinyl Institute (VI) published its Megatrends Report at its annual industry conference, which identified 10 trends that could affect the vinyl industry over the next 10 years. The report identified megatrends as powerful, transformative forces that will impact the global vinyl industry.
The megatrends identified by the Vinyl Institute include, in alphabetical order:
- Data analysis and digital connectivity
- Decentralized financing
- Health and wellness
- Population shift
- Resource constraints
- Social responsibility
- Resilience of the workforce
According to a survey of VI members earlier this year, members ranked the top trends that could have the greatest impact, including climate change, resource constraints, and social responsibility, as the top three.
During VI’s annual Vinyl360 conference last week, VI President and CEO Ned Monroe hosted panel discussions that discussed various topics such as globalization, decentralized finance and transparency. The audience agreed that many of the trends were interrelated and presented both opportunities and threats to the industry.
“In a year in which we are grappling with short-term problems such as interruptions in the supply chain, it is important to also look to the horizon. Our Megatrends Report is a compilation of what we expect for the industry over the next 10 years, ”said Ned Monroe, President and CEO of the Vinyl Institute. “It identifies opportunities for members of the vinyl value chain to work together on solutions that can advance our industry and combat potential threats.”
The report was produced through in-depth interviews, research and surveys of the members of the association and leading authorities.
Find out more about the VI Megatrend Report: https://www.vinylinfo.org/resources/vinyl-institutes-megatrends-report/
About the vinyl institute
Founded in 1982, the Vinyl Institute (VI) is a US trade association representing the leading manufacturers of vinyl, vinyl chloride monomers, vinyl additives, and modifiers. The VI works on behalf of its members to promote the benefits of the most versatile plastic in the world used in the manufacture of everything from PVC pipe to floors, roofs and vinyl siding. The vinyl industry in the United States employs over 350,000 highly skilled people in nearly 3,000 facilities and is valued at $ 54 billion. More information is available at https://www.vinylinfo.org.
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