Packaging
When companies like Bath and Body began to manufacture their packaging in central Ohio instead of outside the country, they rapidly decreased the time it takes them to deploy an entirely new product from more than five months to just 21 days. Its net sales were $7.6billion last year, an increase of more than $2.2billion since 2019.
According to a report by the Bureau of Economic Analysis, Ohio had a GDP of $656.2bn in third quarter of 2017, up from $517.1bn in 2012 and $501.3bn in 2011, with positive post-pandemic forecasts.
With this fiscal landscape, starting a packaging company in Ohio offers numerous options and potential benefits.