Supply Chain (Cont’d from Page 3)
supply chain tensions could accelerate the move from linear to circular consumption, turning spent products into new raw materials. In that sense, the report makes me positive about the prospect for our industry’s collective responsibility and the role that FINAT can play.”
to work more closely with their label vendors to co-create innovative ways of making the printed packaging industry a more resilient, and more sus- tainable one.” “What happened in 2020 was only small beer com- pared to the global supply chain disruptions that we have seen in the second half of 2021,” said FINAT President Philippe Voet. “Currently there are short- ages of almost everything: energy, chemicals, pulp, (waste)paper, plastic, inks, transport, laminates, chips, components, people. A recent survey in Ger- many confirms the battle for raw materials resulting in price increases between 5-10 percent in most seg- ments of the supply chain. Time will tell whether these tensions are a temporary adjustment problem and that there will be ‘soft landing’ in the spring of 2022, or that we are dealing with persistent tensions with a longer lasting impact that could hurt the re- covery. It is clear from these numbers that there is no single section of the value chain that is not hit or to blame by these external factors. “Irrespective of these short to medium term ten- dencies,” he continued, “we should not lose sight of the other mega challenge facing us in the longer run: climate change and the need to make a transi- tion to more circular economy models. The present
Resource Label Group Acquires QSX Labels
Resource Label Group, a full-service provider of pressure sensitive label, shrink sleeve and RFID/ NFC technology for the packaging industry, has acquired Everett, Massachusetts-based QSX Labels. QSX Labels represents the 23rd acquisition for Re- source Label. QSX Labels was founded in 1957 as New England Industrial Supply. The company expanded to offer pressure sensitive labels as The Quik Stick Label Company. As it continued to grow and modernize, the company became QSX Labels and has increased its current offerings to include flexographic, digital, and screen-printed custom labels, including finish- ing capabilities. In addition, QSX Labels offers du- rable labels such as graphic overlays, domed labels and nameplates.
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Flexo Market News January 17, 2021 5
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