Global CPG Outlook: Shortages and Impact

The last two years have been rough for the global supply chain with a worldwide paper shortage impacting businesses and consumers across the world. The Russia-Ukraine war has been disastrous for the European paper industry struggling with rising energy prices. The high energy prices have impacted the aluminium smelting industry as they are forced to cut down production. With an increase in canned aluminum product demand, aluminum prices have reached a 13-year high and are continuously climbing. Meanwhile, the global plastics and composites market is affected by rising resin prices due to container shortages, energy crisis, force majeure, and other factors. Increased transportation costs have limited the movement of raw materials, affecting the plastics suppliers, and bottling companies the most, among others.