INVER GROVE HEIGHTS, MN – Travel Tags, Inc. announces the appointment of Dermot Meehan as business development manager for Europe, Middle East and Asia regions. Mr. Meehan joins TTI with eight years in the financial services sector, focusing on open loop gift card programs across all European countries.
Dermot’s extended career history covers several different market segments ranging from media to property sales. He is also a fluent Spanish speaker having lived in Spain for 22 years. Throughout his various experiences, Mr. Meehan has developed a deep understanding of doing effective business with various cultures.
“We’re thrilled to have Dermot on our team,” said Timothy Lebens, vice president of sales and marketing at Travel Tags, Inc. “He’ll give us excellent insight into regions we may be overlooking and develop strategies for how we can penetrate profitable markets while utilizing our manufacturing and fulfillment facilities in the United States and Europe.”
His passion for customer service and innovation will help TTI identify new opportunities worldwide and grow value propositions to better resonate with global customers. As an Irish native, Mr. Meehan will be based out of Dublin, Ireland and manage all business development related to the European, Middle Eastern and Asian regions.
“I am excited to join such a recognized leader in the card manufacturing industry,” said Mr. Meehan. “As I continue to learn about TTI’s vast range of printing capabilities and full-solution services, I’m confident we can identify new innovations to improve our offering for customers in emerging markets with significant potential.”
MEDIA CONTACT:
DERMOT MEEHAN | BUSINESS DEVELOPMENT MANAGER - EMEA
+353 86 024 71 62
DMeehan@traveltags.com
INVER GROVE HEIGHTS, MN – Travel Tags, Inc. announces the appointment of Chris Shimek as vice president of global operations. Mr. Shimek is succeeding Ken Dishno, who will be retiring after a remarkable career of 11 years of continuous service to the company and its employees.
A talented individual, Mr. Shimek has more than 25 years of experience in business strategy and execution.
“Chris is an excellent addition to our organization,” said Al Rausch, president of Travel Tags, Inc. “With a focus on integrity, honesty, people development, strategy and process, we have no doubt he will deliver immediate and high-impact results.”
Mr. Shimek has a passion for continuous improvement and excellent experience with the tools, techniques and methodologies that focus on waste reduction and elimination. His approach is hard on process, easy on people – always assuming positive intent. With a collaborative and team-oriented mindset, he will be a great fit for TTI, both culturally and professionally. He will focus on operational excellence and world class performance in the categories of Safety, Quality, Delivery and Cost.
“I am excited to join such a recognized leader in the card manufacturing industry,” said Shimek. “As we continue to expand and explore new markets, I plan to instill my proven methodologies and techniques to bolster the operational excellence at each of our facilities.”
MEDIA CONTACT:
CHRIS SHIMEK | VICE PRESIDENT, GLOBAL OPERATIONS
651.554.8517
CJShimek@traveltags.com
Virtual reality will be a bustling industry by the middle of the next decade, but getting to that point will take some time, according to a study released today.
The new 10-year industry forecast from Greenlight Insights and Road to VR suggests the VR business will be "very modest" through 2018, and in an "inflexion zone" for the next five years before blossoming to $38 billion in annual revenues by 2026.
An oft-cited study from Digi-Capital had concluded that the VR industry would be worth $30 billion by 2020.
But despite the rosy industry forecasts, more than half of the report’s industry respondents said they expect to bring in less than $1 million in VR revenue in the next 12 months, and just 45.2% think they’ll be profitable in that time frame.
As the number of VR hardware platforms has grown to include the Oculus Rift, HTC Vive, Playstation VR, Google Daydream (and Cardboard), and Samsung Gear VR, among others, one of the biggest concerns about the health of the consumer VR industry has been a dearth of quality content.
That is changing as more and more content is developed, but the report suggested that the lion’s share of industry revenue will still come from hardware sales. Overall, the authors wrote, about 62% of revenue will come from sale of headsets, VR cameras, and other gear.
Within hardware, meanwhile, VR cameras are expected to bloom from less than 1% today (for devices like Ricoh’s Theta S or Samsung’s Gear 360) to about 12%, or $4.6 billion, by 2026, Greenlight and Road to VR predicted.
At the same time, there will likely be a "broad transition" away from VR headsets with cables—like the Rift, Vive, and PSVR—to cordless systems starting in three to five years. Some of those systems will still depend on being linked to a separate computing device, like a phone. But the report suggested that standalone headsets with built-in computing could become a major category within the sector by 2021.
Already, however, Facebook-owned Oculus and Microsoft have talked about standalones, though neither have shared timeframes on when they expect to release their devices.
Another significant shift in the industry is expected to come in 2020, the report concluded, when revenue from consumer-related VR experiences like games will be surpassed by enterprise experiences like workforce training.
"The enterprise market will become the largest part of the VR industry," the authors wrote, "accounting for nearly a third of total industry revenues from all sources by 2026."
[Continue reading at Fast Company online.]
Source: fastcompany.com, November 2, 2016 - by Daniel Terdiman
MEDIA CONTACT:
KATIE SINSKY | MARKETING DEPT.
651 554 8533
KRSinsky@traveltags.com
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