A lot of papers have been harder to get because of many factors, from Covid shutting down mills, mills needing updating, transportation of product, the list goes on. If you know of projects coming up please let us know to check on availability and the time frame to get your paper in. There has been a light at the end of this tunnel but for the near future this scenario will be ongoing. Give a call or email us to go over what’s available or how we can offer another solution.
Print Industry News: Paper Stock Shortage Cause Global Price Increases
By Jonathan Giner
A few months ago, the United States faced an enormous shortage of demand for goods and services, which many believed would threaten and prolong the pandemic-induced downturn long beyond the point at which the virus was contained. Now, however, we have quickly realized that the economic problem of 2021 is the opposite. Businesses are beginning to face the challenge of keeping up with the increasing demand for goods and services.
“The global economy is vulnerable because it never really recovered,” said Nada Sanders, a professor of supply chain management at Northeastern University. “There is massive pent-up consumer demand, but it’s important to have supply and demand connected because when you have a supply shortage you don’t have the products consumers want.”
Included in this worldwide problem is the paper and print industry. When COVID began, many paper mills either shut down their machinery, or converted machines to produce other paper materials like board stock. Now there is a struggle to keep up with increased demand.
Because of this, we are seeing a paper stock shortage that is affecting price adjustments in various paper products including printing paper and carton materials.
The pandemic continues to accelerate in response to consumer behavior shifts, resulting in substantial stock shortage increased stock pricing, and failing mills. (Source: Financial Times, 2021. Pandemic Accelerates Decline In Paper Products Industry, Resulting In Mills Being Shut Down)
Domestically, the print industry is seeing a shortage of paper supply. Internationally, delays in freight transportation time and increase in fuel cost have caused a decline in the influx of foreign paper stock and an increase in cost.