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November’s Update on Market Dynamics in Beverage Packaging
With a challenging harvest, ongoing industry headwinds, and the recent resolution of the US election, the world is still adjusting to what has become a continuously evolving “new normal” since COVID-19. The supply chain now braces for potential uncertainties surrounding a new administration.  Concerns about rising fuel expenses are becoming more pronounced, with diesel prices experiencing a modest increase of approximately three cents on average across the US, as reported by the EIA. This uptick is causing anxiety among businesses that rely heavily on transportation to maintain their supply chains. On a more positive note, there is significant relief in international shipping. The cost of ocean freight from Asia to the US has seen a remarkable decline, with container shipping fees plummeting by $1,000 to $2,000. The International Longshoremen’s Association recently conducted a brief but impactful three-day strike at ports along the East and Gulf Coasts. This wor
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