Recent Events from the pandemic to extreme weather have impeded market conditions beyond the control of suppliers and manufacturers, ultimately causing supply chain disruptions and prices of resin raw materials to rise including crude oil needed to manufacture PE and PP.
How it started, how it's going, and how Shorr can help you mitigate rising costs. Corrugated industry typically plans for approximately 2% growth during peak times. By March 2020 actual shipments were already up by 3.4%. By December 2020 actual shipments leapt to a historical high of 11.4%. That is approximately 400% higher than anyone anticipated.