Consumer Savings, Stimulus Boost, Biden’s Infrastructure Plan, and Vaccine Success All Play Role in Economic Rebound
Jamie Dimon, CEO and chairman of JPMorgan Chase, last week predicted an economic boom that could “easily” last through 2023.
Dimon, who steered JPMorgan through the 2008 financial collapse, sees a variety of factors that will play into a robust economic turnaround.
“I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE (quantitative easing), a new potential infrastructure bill, a successful vaccine, and euphoria around the end of the pandemic, the U.S. economy will likely boom,” Dimon said in in his annual shareholder’s letter. “This boom could easily run into 2023 because all the spending could extend well into 2023.”
Mitch Gould, CEO and Director of Global Operations for Consumer Products International, sees Dimon’s assessment of the economy as another confirmation that the economic rebound is already in the works.
“Just last week, we received a strong jobs report that showed signs of continued economic recovery,” Gould said.
Going forward, Gould said the recent stimulus package will continue to pump $2 trillion into the economy, and “euphoria” will build as more people get vaccinated.
“Approximately 25 percent of U.S. adults are fully vaccinated,” said Gould, adding that more than 3 million people a day are getting shots. “If we are successful with the vaccination program, there will be nothing to hold the economy back.”
The next boost to the economy will be President Biden’s $2.5 trillion infrastructure plan once it is passed by Congress.
“We have a lot of money kicking into the economy in the next couple of years,” Gould stated. “As Dimon said, these positive factors could last through 2023.”
Gould works with CEOs in the United States and throughout the world who manufacture consumer goods of all varieties.
“I have worked in almost every consumer goods sector you can mention from lawn and garden to hardware, sports nutrition, dietary supplements, skincare, nutraceutical, cosmeceuticals, and beverages,” he said.
Gould developed his proprietary “Evolution of Distribution” platform to help international and domestic brands break into the U.S. market or expand their presence in America.
“With my ‘Evolution of Distribution” strategy, Consumer Products International provides all the services a new brand or product needs to succeed in the U.S.,” Gould said. “My team at CPI has years of experience in sales, marketing, and retail distribution. We are a turnkey operation that offers speed to market at an affordable cost.”
Gould is the head of CPI’s “Powerhouse Trifecta,” which includes Jeff Fernandez, president of CPI and a former buyer for Amazon and Walmart, and Kenneth E. Collins, executive vice president of CPI, who has held top sales positions for the world’s leading sports nutrition brands.
Together, Gould, Fernandez, and Collins have nearly 100 years of retail experience.
The three of them have had a working relationship that dates back almost 20 years.
In the early 2000s, Gould and Collins placed more than 150 brands on Amazon when Fernandez was a member of a team that was adding new products to the online giant’s virtual shelves.
“There isn’t a consumer goods sector that we don’t understand,” Gould said. “Getting products to market fast at an affordable budget is our strength.”
For more information, visit Consumer Products International online.
MORE ON CPI AND ITS FOUNDER
CPI is a privately-held company specializing in the distribution of consumer goods, such as lawn and garden, home improvement, housewares, sporting goods, consumer electronics, grocery, office supplies, pet supplies, as well as health and wellness products.
Mitch Gould, CEO and Director of Global Operations for Consumer Products International, is a third-generation retail distribution and manufacturing professional. Gould developed the “Evolution of Distribution” platform, which provides domestic and international product manufacturers with the sales, marketing, and product distribution expertise required to succeed in the world’s largest market — the United States. Gould, known as a global marketing guru, also has represented icons from the sports and entertainment worlds such as Steven Seagal, Hulk Hogan, Ronnie Coleman, Roberto Clemente Jr., Chuck Liddell, and Wayne Gretzky.