Flint Group Packaging Inks announces price increase in India & South Africa

Costs are increasing and supply is tightening

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Flint Group commenting on the current ink and coating supply chain challenges in India, the Middle East, and Africa
Flint Group commenting on the current ink and coating supply chain challenges in India, the Middle East, and Africa

The industry is facing an extraordinarily turbulent set of supply chain conditions, intensified by the global pandemic. Costs are increasing and supply is tightening across almost all procurement categories. Three of the most volatile areas include – multiple petrochemical derivatives, such as resins & solvents, pigments, and freight.

Upal Roy, managing director, Flint Group India and South Africa, notes, “The current and unusual set of supply chain conditions are some of the most severe that we have witnessed. Our industry is facing substantial cost and availability headwinds, across multiple raw material categories. Resins, solvents and pigments (including Titanium Dioxide), are particularly problematic, as well as freight and packaging costs”.

Flint Group collaboration with global supply chain

Flint Group India and South Africa continue to collaborate with its global supply chain partners to mitigate as many negative effects as possible. However, recent force majeure announcements and the global freight imbalance is impeding some corrective actions and the current situation is not sustainable in the long term.

Roy concludes, “Despite today’s announcement, we are resolutely committed to efficiency projects to negate the adverse supply chain circumstances, wherever feasible. Nonetheless, the magnitude of these increases makes it clear that these activities alone will not suffice.”

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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– Naresh Khanna

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