COVID-19 and Key Industry Dynamics

02/11/21 • 3 min

As a result of the COVID-19 crisis, we have seen unprecedented disruption of the packaging supply chain, the result of which has made it very tough, and in some cases, impossible to meet customer demand.
Some of the industry dynamics have resulted in under capacity and under supply.
We'll explain a few of the key dynamics happening in this episode.

Previous Episode

5 Things to Consider when Importing Packaging

As you look near and far for your next generation of packaging, carefully consider the challenges before you decide to import. In many cases, customers overlook the soft costs associated with managing a supply chain that spans great distances and cultures.
Whether you have a Packaging Distributor involved or if you are managing the process yourself, there are many things to consider:

quality,
logistics,
price,
inventory and
expertise.

Setting your company and team up for success means making sure you have transparency into how things will be managed.

Next Episode

Packaging Supply Allocation 101

Three drivers affect the supply chain:

Immediate demand for hand sanitizer and surface cleaners.
A shift from wholesale (restaurants) to retail packaging.
The ripple effect of the long lead-times causing companies to increase inventories based on the unknown future.

Allocation is a secondary result of these areas, especially the hand sanitizer packaging surge that started in March of 2020 and has continued now into 2021.

Let's Talk Packaging Industry - COVID-19 and Key Industry Dynamics

Transcript

As a result of the COVID-19 crisis, we have seen unprecedented disruption of the packaging supply chain, the result of which has made it very tough, and in some cases, impossible to meet customer demand. Some of the industry dynamics have resulted in under capacity and under supply. I will explain a few of the key dynamics happening.