From Supply Chain Dive, July 20:
Dive Brief:
Dive Insight:
- Cardboard boxes and wood pallets saw heightened demand in Q2, according to Thomas, as buyers continue to encounter challenges sourcing shipping equipment.
- Packaging ranked fourth among product types by sourcing volume for the quarter, behind adhesives, medical supplies and steel. Corrugated cartons had one of the largest QoQ sourcing increases at 358%, according to Thomas' quarterly report on sourcing activity.
- "The challenges that we’re having in the supply chain right now show just how far we’re stretched for certain components," Thomas Chief Marketing Officer Shawn Fitzgerald said during a presentation on Q2 activity.
Supply-demand imbalances have been prevalent in many facets of the supply chain since the COVID-19 pandemic gripped the world. This trend also affects shipping supplies, with prices climbing for corrugated boxes and wood pallets amid tight supply, according to the Institute for Supply Management's June manufacturing report.
The Bureau of Labor Statistics' Producer Price Index for corrugated and solid fiber box manufacturing climbed to 375.3 in June, up from 342.0 in June 2020. The index for wood container and pallet manufacturing rose to 208.5 in June, versus 155.1 the year before. Both are record highs....
....MUCH MORE
Previously:June 9
Logistics: And Now There's A Shortage Of Pallets: Prices Up 400%
