Avery Dennison Corporation is a global materials science and digital identification solutions company. It provides a wide range of branding and information solutions, including labeling and functional materials, radio-frequency identification (RFID) inlays and tags, and software applications. The company serves various industries, including home and personal care, apparel, general retail, e-commerce, logistics, food and grocery, pharmaceuticals, and automotive. Avery Dennison's business is divided into two reportable segments: Materials Group and Solutions Group. The company operates over 200 manufacturing and distribution facilities in more than 50 countries.

• Employees: 35,000 (as of December 30, 2023)
• Geographic Footprint: More than 50 countries
• Headquarters: Mentor, Ohio
• Founded: 1946
• Number of locations/facilities: Over 200
• Revenue: $8.36 billion (FY2023)
• Key Subsidiaries/Brands: Fasson®, JAC®, Avery Dennison®, Mactac®, Yongle®, Vestcom®

• CEO: Deon M. Stander (since August 2016)
• CFO: Gregory S. Lovins (since March 2017)
• Executive Chairman: Mitchell R. Butier (since March 2007)
• Other Key Executives: Deena Baker-Nel (Senior Vice President and Chief Human Resources Officer), Nicholas R. Colisto (Senior Vice President and Chief Information Officer), Francisco Melo (President, Solutions Group), Divina F. Santiago (Vice President, Controller), Ignacio J. Walker (Senior Vice President and Chief Legal Officer)

Key leaders have extensive experience in their respective roles and the company.

• Annual Revenue: $8.36 billion (FY2023)
• Net Income: $503 million
• Total Assets: $8.21 billion
• Key Financial Highlights: Net sales decreased by 8% due to lower volume, partially offset by pricing actions. Net income decreased due to lower volume, higher restructuring charges, increased accrual for a legacy legal matter, and higher employee-related costs.

Avery Dennison's products and services include:

• Label Materials: Pressure-sensitive label materials that enhance shelf appeal for brands, inform shoppers, advance circularity, increase transparency, help reduce waste, and improve operational supply chain efficiency.
• Graphics and Reflective Materials: Highly engineered materials for vehicle wraps, architectural films, and traffic and safety applications.
• Performance Tapes: Pressure-sensitive adhesive-based materials and converted products, mechanical fasteners, and performance polymers used in various automotive, electronics, building and construction, general industrial, personal care, and medical applications.
• RFID Solutions: Item-level RFID solutions for supply chain visibility and loss prevention.
• Branding Solutions: Brand embellishments, graphic tickets, tags, and labels, and sustainable packaging.
• Information Solutions: Price ticketing and marking, care, content, and country of origin compliance solutions.

Avery Dennison operates through two main segments:

• Materials Group: Comprises approximately 69% of total net sales and includes label materials, graphics, reflective materials, and performance tapes.
• Solutions Group: Comprises approximately 31% of total net sales and includes digital identification, data management, branding, and embellishment solutions.

Avery Dennison aims to lead at the intersection of the physical and digital worlds by leveraging its core capabilities in materials science, engineering, and process technology. The company's strategic priorities include:

• Investing in innovation to develop new products and solutions that address customer challenges and opportunities.
• Focusing on sustainability and circularity by developing products that reduce waste, use recycled content, and extend product end-of-life.
• Expanding its presence in emerging markets, including China.
• Pursuing complementary and synergistic acquisitions.

Avery Dennison operates in the materials science and digital identification solutions industry. Key market trends include:

• Increasing focus on sustainability and circularity.
• Growing demand for digital identification and data management solutions.
• Technological advancements in labeling and packaging.
• Increasing adoption of RFID technology.
• Major competitors include UPM Raflatac, Fedrigoni Self-Adhesives, Lintec Corporation, 3M Company, Tesa-SE, and Checkpoint Systems.

• International Operations: Risks associated with worldwide economic, social, political and market conditions, including changes in political conditions, fluctuations in foreign currency exchange rates, and other risks associated with international operations.
• Raw Materials and Energy Costs: The company's sales and profitability depend on the availability and cost of raw materials and energy, which are subject to price fluctuations.
• Competition: The company faces risks from existing and new competitors, including those that may offer additional products, services, lower prices or other incentives.
• Cybersecurity: The company is susceptible to disruptions in information technology systems, cyber attacks, and other security breaches.
• Taxation: Changes in tax rates, tax laws, and regulations could affect the company's business.