Flint Group comments on challenging market conditions
The challenges of 2021 imposed on the ink manufacturing industry have been well documented by all major global ink manufacturers.
The ink and print industries continue to face numerous challenges surrounding rapidly increasing costs, increased demand for raw materials and shortages in local and international logistics and freight.
Flint Group’s Commercial, Publication and Sheetfed (CPS) division has worked tirelessly to mitigate any negative effects on its valued customer base, continually improving internal processes and sourcing additional raw material supply to reduce the impact of these challenges on its clients.
CPS’ Global Commercial Leadership team have experienced daily the challenges faced by the market place, and commented on the impact on the various sectors within which its customers operate.
Logistics have been strained worldwide, according to CPS’ Global Sheetfed Business Director, Nick Brannan. He added that sea freight costs quadrupled and shipping time has increased in some cases from 3 to 8 weeks.
“A worldwide shortage of container availability has further exacerbated this situation. Local logistics has also been greatly affected; Covid-19 has, in some cases, caused reduction in manpower, greatly impacting the supply chain in both EMEA and North America,” he continued on the 2021 challenges for sheetfed commercial and packaging Printers.
“Global raw material shortages continue to be a serious concern to the industry. The environment to secure raw materials is extremely competitive, and raw material costs are showing no sign of stabilising. Increasing costs of raw materials and logistics will be with us all for some time, and we will continue to see costs rise globally as we compete for reduced resources. As a leading supplier to the commercial and packaging print industries we will continue to endeavour to mitigate increased costs, by continuously improving our internal processes, where possible,” Brannan concluded.