1、Demand&Supply2008 Annual Reportdemanding value.supplying innovation.Global economic conditions have created a growing demand on companies to supply innovative solutions that result in measurable economic value.Customers are demanding better solutions that reduce costs,save time,increase operating ef
2、ficiencies,and preserve the environment.With a leading market position,Sealed Air is capitalizing on these growing demands by supplying innovative solutions that save our customers time,labor,natural resources and money.This is how we do it.measurable value.01“We believe what we do saves money.Our i
3、nnovative solutions provide economically measurable results for our customers.”william v.hickeyPresident and Chief Executive Officera fundamental principle.02Presidents Letter to Stockholders:2008 was a year of unprece-dented volatility and recessionary pressures.Although we did not achieve all of o
4、ur financial goals,the year exemplified our balanced approach of investing in innovation for long-term growth while aggressively managing short-term challenges.In a weakening macro-economic environment,we expanded our market presence,continued to launch innovative solutions that provided measurable
5、benefits for our customers,lowered costs,met financial commitments and enhanced our liquidity position to meet near-term obligations.Reflecting on the year,we achieved all six of our strategic and operational goals,which we set forth in last years annual report.In doing so,we did not lose sight of o
6、ur values,our long-term growth strategy or our customers needs.Wewereabletostaythecourseoninnovation,makingsurewekeptthepipelinefreshwithnewideasandwelcomednew leadership in this pivotal area of our business.Wecontinuedtocapitalizeongrowthopportunitiesinemergingmarkets,includingopeningnew,state-of-t