Flint Group comments on current ink and coating supply chain challenges

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

Flint Group Packaging , a leading provider of print consumables and equipment for the global packaging manufacture, has commented on the unprecedented supply chain volatility experienced in India, the Middle Due east, and Africa businesses.

Upal Roy , managing director, Packaging India, Middle East, Africa at Flint Group Packaging , stated, "Information technology'due south clear that the global economic system is experiencing tremendous force per unit area with demand for products outstripping supply. Global raw textile volumes and prices, forth with freight availability, are being heavily impacted. Compounded by the Covid-nineteen pandemic, transportation and raw material shortages are causing a multitude of challenges for ink and coatings producers in our region."

"For a wide variety of reasons, supply challenges are occurring for many disquisitional raw materials used in the production of printing inks, including vegetable oils and their derivatives, petrochemicals, pigments, and titanium dioxide (TiO2). These products are in brusk supply and causing pregnant issues in vendors' ability to forecast and plan shipments."

Pigment prices, in particular, take surged recently due to increased demand from the architectural paints and wind turbine markets. As a result of the Chinese Free energy Reduction Plan, Factory shutdowns in China take compounded the supply and pricing situation.

With respect to petrochemicals, including UV, polyurethane, and acrylic resins and solvents, costs for these materials accept been escalating since early 2020, with some of these having demand increases outside of normal levels.

The overall logistics state of affairs also remains difficult. The industry continues to face shortages in steel for drums and High-Density Polyethylene (HDPE) feedstocks used for pails and jugs. Increased eCommerce demand is driving a tight supply of corrugated boxes and inserts. Textile allocation, product delays, feedstock Force Majeures, and labor shortages increase packaging costs. And and so on elevation of this, the pandemic has been a catalyst for abnormal consumer purchase activeness (both during and afterward shutdowns), causing unusual demand within multiple industries and straining both air and body of water freight capacity.

Flint Group focuses on the value of printing inks and coating

Jet fuel costs, for case, have increased as loftier as 8-ten times the norm, forth with shipping container costs, further exacerbated past unusual bounding main freight schedules and freight carriers being stranded or challenged to find ports to offload containers. Ultimately, increased demand and ill-prepared logistics have caused a critical freight chapters shortage.

"It is now articulate that these supply concatenation strains are about certain to continue well into 2022. Furthermore, we expect container prices, raw cloth shortages, and toll increases to remain elevated into 2023. Even equally some of these constraints ease and the recovery moves forward, global dubiousness remains regarding the coronavirus resurgence, changing consumer purchasing behaviors, and potential merchandise barriers."

"Importantly though, the press of all types plays an important role in producing the packaging that protects, preserves, and enables the transportation of food and other essential goods to consumers worldwide. The value of printing inks and coatings is clear, and our staff is committed to working together to ensure our customers continue to receive the necessary supply of inks and coatings for package printing."

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Source: https://packagingsouthasia.com/consumables/inks/flint-group-ink/

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