<img alt="" src="https://secure.main5poem.com/217450.png" style="display:none;"> Supply Chain Brief
Industrial Report Global Global Logistics More >>

Skip Navigation or Skip to Content

Call Today 1-800-222-5521

We’ve all read the letters, seen the news, and watched as raw materials of all kinds go on allocation or worse, become scarce for the foreseen future. One such raw material is resin, the fundamental component of plastic. We’re seeing prices of resin rise as demand remains steady, and supplies decrease.

Helping us understand why, Berry Global, a worldwide manufacturing leader of plastic-based products, chimes in with a simple, and effective summary. Here’s what they had to say about resin price increases:

“Multiple events have collided over the past three quarters, including but not limited to the following:

  • Resin manufacturers utilizing Force Majeure, greatly restricting the flow of resin
  • Widespread resin production shutdowns, issues due to hurricanes, weather fluctuations, COVID and fires
  • Delays in anticipated US resin capacity additions
  • High global demand for resins
  • Decreased shipping/freight options force higher freight rates
    • Imports: soaring ocean freight rates from Asia, displaced shipping containers
    • Domestic: Increased costs and demand for carriers”

We’ll be talking with Berry Global further as we dive deeper into supply, demand, and sustainability of plastics over the next few weeks. Stay tuned!

About Afflink

Related Post:

Sustainability Insights with Berry Global for Earth Day 2021

As we celebrate Earth Day (which turned 50 last year), the topic of sustainability becomes prevalent. There is a lot of...

Conducting a PPAP Audit in an Age of Supply Chain Flexibility

Supply chain flexibility is this year's buzzword in the wake of COVID-19, but supply chain quality remains equally important. If...

How to Ship More Freight and Less Air

Times are tough, which means that it may be time to start looking at how you can cut costs. Here's one you may not have...

Subscribe to Our Blog

From facility management to sustainability and everything in between, our experts share their knowledge and experience to help you succeed in your business.

afflink - subscribe to our blog

Visit The AFFLINK Blog

Explore our latest articles on topics such as sustainability, workplace safety, and industry trends.