In terms of the outlook, the industry is also optimistic about the continued rollout of next-generation [e-cigarette, vaping, etc.] products. Christopher Growe, an analyst at Stifel Nicolaus, is especially bullish on Philip Morris, noting that the company recently forecast greater than 5% revenue growth and greater than 9% earnings growth over the next three years setting Philip Morris apart from its tobacco peers and placing it in the top-tier of all consumer staples companies
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A notable case study from a Guangdong manufacturer revealed an increase from 1,000 to 12,000 pieces per hour, an 80% reduction in labor costs, and a drop in defect rates from 5% to 1.5% after investing in automated systems
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to encompass smokers of all low tar brands rather than lights alone. David Howard, a spokesman for R.J
