All Business articles – Page 42
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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.
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ArticleWhat do past trends tell us about the future of the packaging industry?
Based on the last 20 years of development in consumer demand, global policy, and corporate action, McKinsey reports that sustainability and digitalisation are the main megatrends that will provide both challenges and opportunities for the future of the packaging industry, with leaders needing to take action now to be resilient to change.
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ArticleHow to build more momentum for sustainable packaging ESG efforts
In our latest article from Robert Lilienfeld, founder and executive director of sustainable packaging think tank SPRING, Robert catches up with Dr. Thomas Gröner, director at TG Pack Solutions, to unpack the secret behind successful sustainable packaging ESG.
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ArticlePepsiCo to set specific goals for reducing single-use beverage packaging following shareholder pressure
Responding to a shareholder proposal filed by As You Sow, PepsiCo has agreed to set a time-bound goal by the end of 2022 for a percentage volume of its beverages to be delivered via strategies such as reusable and refillable bottles in a bid to reduce dependency on single-use plastics.
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ArticleRecord growth for European label industry threatened by raw material shortages
According to FINAT, European self-adhesive labelstock demand increased by 7% in 2021. However, raw material shortages coupled with supply chain tensions and ongoing strikes could significantly destabilise the industry’s prospects for 2022.
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ArticleShareholder approval for BillerudKorsnäs acquisition of Verso
At a special meeting of Verso’s shareholders, BillerudKorsnäs’ acquisition of Verso was approved with the transaction expected to close in late March or April 2022.