FINAT Labelstock Report (Cont’d from Page 1)
strong continued interest from buyers in maintain- ing environmental credentials. Seventy-five percent of companies say that environmental certification is ei- ther “important” (49 percent) or “critical” (26 percent) to doing business,particularly in food,beverage,health & beauty, and pharmaceutical verticals. Flint Group Packaging Announces Price Increase Flint Group Packaging has announced its intention to increase the prices of its ink and coating products, effective April 1, 2021. According to the company, it is facing an extraordi- narily turbulent set of supply chain conditions, exac- erbated by the global pandemic. Costs are increasing and supply is tightening across almost all procurement categories: multiple petrochemical derivatives – such as resins & solvents; pigments, and freight, are three of the most volatile areas. Flint Group Packaging continues to collaborate with all its global supply chain partners, in order to mitigate as many negative effects as possible. How- ever, recent upstream force majeure announcements and the acute global freight imbalance is impeding some corrective actions.
of survey participants said that it was important that label vendors have more than one production facility. This year, the same figure has increased to 25 percent. The second major indicator of this trend is the surge of interest in the flexibility of digital label presses. Even during the height of lockdown, just 7 percent of companies reduced digital label spend. Today, one in three companies specifically identify events in 2020 as the motivation for sourcing more digitally printed labels, owing to the advantages of shorter lead times and greater assurance of supply chain availability that the technology enables. The shift to digital is not necessarily entirely shaped by recent events, however, as the survey also reveals other factors that are driving the changes,with the top reasons identified as the ability to print small run siz- es as well as improved turnaround time. But what the survey does show is that fewer buyers are interested in the sort of late-stage customization options offered by digital printing. It suggests that as the business focus turns towards resilience and reliability, sophisticated marketing cam- paigns with individualized, unique packaging, plays less of a role. Beyond the pandemic, the survey also reveals a
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