Flint Group announces a global price increase for packaging products

The price rise may affect the supply chain of the goods

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Flint Group Packaging has announced a global price increase across all Packaging product lines
Flint Group Packaging has announced a global price increase across all Packaging product lines

Flint Group Packaging will increase the prices of all its packaging products sold by the Flexible Packaging, Paperboard, and Narrow Web businesses. 

Further to multiple announcements advising of the worsening market conditions throughout 2021, the group has continued to weather unprecedented increases in raw material, packaging, energy, and freight costs. Escalating costs continue to be seen across all the above categories with no sign of relief in the foreseeable future. 

Doug Aldred, chief commercial officer, Flint Group Packaging, said, “The security of supply is our number one priority. Due to our extensive global network and efficiency programs, we can mitigate a significant portion of cost and supply risk. However, we continue to witness tightening supply and exponential cost increases. Despite implementing an extensive range of efficiency programs to mitigate these conditions, we are reluctantly compelled to raise prices.”

 

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.

It is the right time to support our high-impact reporting and authoritative and technical information with some of the best correspondents in the industry. Readers can power Packaging South Asia’s balanced industry journalism and help sustain us by subscribing.

– Naresh Khanna

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