Takeaways
SUMMARY: Industry resilience continues, prices remain high but stable, sustainability regulation advances
Manufacturing production and supply chain logistics have righted since the pandemic’s dark days of scarce materials, $12,000 container fees and floating parking lots just off-shore. However, because load after load of supply inventory was purchased into North American warehouses at the height of the supply chain crisis, when cost-of-goods was at its peak, only to be followed by reduced consumption as Americans and Canadians felt the pinch of record- setting inflation, supply costs remain high for operators and distributors alike as high-cost inventories are slowly, but steadily bought down. Expect pricing inflation to continue and be a fragmented picture for the months ahead. Practice strategic supplier management and rationalization, taking the long and historical view of where your business can best rely for continued access to product and insights that optimize your returns. Stay on- top of legislation affecting foodservice packaging. A simple trick, set up “Google Alerts” for PFAS and Plastic Ban inf ormation to be served pertinent news on the topic to your inbox each day.
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Q2 2023 Market Update
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