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The impact of the initial COVID-19 outbreak and the subsequent lockdown on the vast Chinese manufacturing network has sent ripples through every industry, including packaging.
The nucleus of many supply chains is unfortunately synonymous with the origin of the virus: China. Ships, trucks and aircraft sit idle as quarantines and restrictions limit capacity by as much as 80%.
Now, as manufacturers and shippers scramble to find new solutions and supply chains, the wisdom of sourcing locally becomes extremely clear....(Full Article)
Like many other sectors in the U.S. manufacturing industry, packaging companies continue to report high sales growth as 2017 moves forward. Overall, sales growth for U.S. packaging companies increased by nearly 5 percent, according to new data from IndustryNet. A look at the top 10 packaging companies provides key information for U.S. manufacturers searching for the most successful business partners.
Not surprisingly, many of the largest packaging companies based on annual sales are located in the Midwest. Oshkosh, WI based Bemis Co., which makes flexible and rigid plastic packaging for a variety of products, reported sales in excess of $4 billion, while sales at Packaging Corp of America in Lake Forest, IL topped $2.8 billion.
Looking to the West Coast, Nippon Dynawave Packaging in ...(Full Article)
The U.S. packaging industry, which comprises packaging for consumer products as well as industrial machinery, continues to show resilience, according to IndustryNet. As packaging companies across four different regions reported strong growth, packaging containing flexible materials stood out. Data further suggests that U.S. manufacturing is still in the midst of an economic rebound.
IndustryNet's data shows that overall the U.S. packaging industry has grown 4.6 percent over last year. Total average yearly sales in the U.S. packaging industry exceeded $26.3 billion. As 2017 moves forward, experts at IndustryNet anticipate sales growth to remain strong.
Domestic distribution rose 70 percent while international distribution rose 29 percent, by comparison, suggesting that U.S. packaging ...(Full Article)
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