The coronavirus (COVID-19) pandemic is causing widespread concern and economic hardship for consumers, businesses and communities across the globe
Manufacturers are facing unique challenges caused by the crisis, and forest, paper and packaging producers are no exception.
If your business uses cardboard, art paper, corrugated, chipboard, or edgeboard packaging, this post is for you.
As a result of the challenges brought on by the COVID-19 pandemic & changing market dynamics, many paper product manufacturers are beginning to announce significant cost increases due to a number of factors, including:
Operational & Labor Costs – additional sanitation measures have decreased productivity and therefore increased our suppliers’ operational & labour costs.
Shipping cost: As a result of the blockade, transportation costs have risen sharply, which also indirectly affected the costs of raw materials.
Demand –The supply is not adequate to the demand, COVID-19 has caused ecommerce shipments to skyrocket.
As a result, paper mills have to pay high prices for raw materials to ensure supply
Raw Material Price Increases – Raw material mills have announced prices will increase in a few months time.
The following raw material trend chart is for your reference
Although the COVID-19 is still spreading all over the world but I believe it will be defeated finally.
We will always be with our customers and still focused on our packaging products. Hope everything will be fine soon!
For custom Packaging, pls feel free to contact us anytime!
