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Topics: Manufacturing, Strategic Resource Management, SRM, Procurement Consulting, ManufacturingAdvisor, Procurement
Interesting times are ahead for companies that purchase significant pulp and paper volumes, a group that includes virtually any manufacturer with packaging needs. According to the US Bureau of Labor Statistics Producer Price Index, from February 2020 to February 2021, pulp and paper prices increased more than 5%. Data published by the St. Louis Federal Reserve Bank shows that corrugated prices increased approximately 11.5% between September 2020 and March 2021. These price increases will soon show up in packaging costs...if they aren’t already.
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Topics: Manufacturing, Vendors & Contracts, Paper, Packaging, Vendor Contract, Vendor Contract Management
