All Business articles – Page 35
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ArticleWhat do rising commodity prices linked with the war in Ukraine mean for glass, metal, and plastic packaging?
According to Moody’s, Russia’s invasion of Ukraine is having ripple effects on commodity prices and global supply chains that could put pressure on the profit margins of European non-paper packaging manufacturers this year. The plastic packaging sector is likely to face the most volatility as companies contend with time lags in passing on cost increases and exposure to escalating oil prices.
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ArticleVariable progress on number of women in supply chain management positions, Gartner reports
Gartner’s Women in Supply Chain survey has found that women account for 19% C-level positions in supply chain organisations in 2022, a slight increase from 15% in 2021. However, the total number of women in the supply chain workforce has decreased since 2021.
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ArticleEuPC announces CEO of Herige Group as new President
Today, during the General Assembly of European Plastics Converters, Benoît Hennaut, CEO of Herige Group, was elected as the new EuPC President, replacing Renato Zelcher.
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PodcastPreliminary sales of green steel point to industry interest in decarbonisation solutions
H2 Green Steel has announced that it has already signed supply agreements for over 1.5 million tonnes of its green steel, which will be produced from 2025 onwards at its fully integrated, digitalised, and automated plant in Sweden that will reportedly run on renewable energy. What does this mean for the European steel industry?
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ArticleWhat might a halt to energy supplies because of Russia’s invasion of Ukraine mean for the paper packaging industry?
In this exclusive interview with Oliver Giani and Vitali Morgovski, Vice Presidents and Senior Analysts at Moody’s, we explore what both a continuation of the current energy situation and a complete halt to energy supply as a result of Russia’s invasion of Ukraine could mean for the paper packaging industry in terms of profitability, supply and demand, and meeting consumers’ needs.
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ArticleAvery Dennison to invest in capacity expansion and manufacturing efficiency in Europe
Avery Dennison has announced plans to invest over €60 million in expanding facilities in France and Luxembourg, with the goal of boosting manufacturing capacity and factory efficiency across its label and packaging material operations.
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ArticleWhere are opportunities for sustainable growth emerging in Asia’s packaging value chains?
In a recent trend report, K identifies supply chain digitalisation, the expansion of packaging waste management infrastructure, and alternative energy mixes as some of the key opportunities for sustainable growth in Asia and, specifically, the ASEAN trade bloc. However, the COVID-19 pandemic and local price and demand uncertainties continue to present challenges.
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Article2021 a ‘record year’ for aluminium packaging recycling
According to Alupro, aluminium recycling rates reached a record rate of 68% in the UK in 2021. The sector says this increase should act as further incentive to push for a 100% recycling rate for aluminium, as well as the continued development of collection, sorting, and recycling infrastructure.
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ArticleWhat does tightening wood supply after Russia’s invasion of Ukraine mean for the packaging industry?
In a recent report, Wood Resources International (WRI) predicts that Europe will bear the brunt of tightening lumber markets in both the short- and long-term because of the war in Ukraine, with significant implications for the downstream supply of wooden pallets and paper and pulp packaging.
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ArticleWar in Ukraine could add to negative earnings outlook for paper and forest products industry, according to Moody’s
According to Moody’s, the paper and forest products industry’s earnings could decrease by up to 12% over the next 12 months, with significantly higher energy, transport, and labour costs counteracting most of the growth offered by high demand in the paper packaging segment. Russia’s invasion of Ukraine is expected to exacerbate these pressures due to high and volatile energy prices.
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ArticleFolding carton demand set to outstrip supply in 2022, while extraordinary demand for corrugated boxes eases
Demand for folding cartons could grow by almost 5% in 2022, with supply still struggling to keep up, according to experts.
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ArticleStrike at one of label industry’s largest suppliers ends with settlement
On Friday, the Paper Association union announced that it would unanimously approve the settlement proposals from UPM, bringing a 112-day strike at one of the European label industry’s largest suppliers to an end with new company-specific collective agreements.
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ArticleWhy isn’t Unilever cutting its use of virgin plastic faster?
With Unilever pledging to halve its use of virgin plastic by 2025, the company sets out to answer the frequently asked question: why isn’t it acting more quickly? The company points to the difficulty of sourcing PCR content, as well as the underdevelopment of collection and recycling infrastructure, as some of the challenges preventing it from reaching its sustainability goals now.
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ArticleHow can the packaging industry navigate increasing supply shortages?
As shortages of packaging materials persist across various sectors, Gartner sets out strategies for mitigating the impacts, including centralising packaging specifications, collaborating with suppliers, and segmenting different packaging types
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ArticleExpansion of PP recycling could be less impactful than expected, according to AMI
AMI suggests that the availability of recyclates and the introduction of sustainability initiatives will have less impact on the PP market than expected, although it does anticipate a shift in focus to mono-materials and designing for recyclability. The organisation says that monitoring individual markets will be key to understanding the PP industry’s future challenges, which range from COVID-19 to war in Ukraine.
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ArticleGreenGlass invests in new post-consumer glass waste facility
GreenGlass has invested €10 million in a new glass recycling facility for both post-consumer and difficult to treat glass waste such as flat glass, which will increase its production capacity to 260,000 tonnes per year.
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ArticleThe cost of e-commerce returns for retailers
When so many retailers offer free returns, people can easily be lulled into thinking there’s no cost attached. Research suggests that returns cost UK retailers £60 billion annually, on top of the the environmental impacts of transit and re-selling or disposing of items. DPack offers potential solutions for retailers facing these challenges.
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ArticleAmcor initiative to offer seed funding for innovative packaging start-ups
Amcor has today announced the launch of Amcor Lift-Off, an open-call initiative aimed at supporting seed stage start-ups that are focused on innovative packaging solutions with an investment of US$250,000 for winners and optional guidance for scaling ideas.
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ArticleA secure packaging future begins with C-suite stability
The packaging industry is set to grow at a steady rate in the coming years – but an ageing workforce and reliance on legacy operations could stagnate its future potential. Sandy McKenzie, partner at Amrop UK, discusses how attracting new talent and improving training opportunities could help to build the C-suite stability needed to support the packaging industry’s continued development.
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ArticleHere’s how you can help Ukrainian packaging organisations
In collaboration with the Packers Club of Ukraine, we’ve created this page to make connections between companies in the Ukrainian and European packaging value chain.