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Three Packaging Strategies to Adopt in Times of Cost Pressures
Rosemarie Downey
The consumer packaging industry is typically strong in its ability to withstand crises, given the importance of everyday groceries to global revenues; food and drink accounted for 92% of retail packaging volume sales in 2023. However, inflation, interest rates and geopolitical instability serve to amplify operating costs, for packaging converters/machinery players, brands, and retailers, apparent in the final retail price point, paid by the consumer.
Unwrapping Sustainable Packaging: Redesign for Circularity
Jorge Zuniga
During the current Global Recycling Awareness Week, celebrated on March 18th, it is worth noting that five fmcg industries contributed to four trillion retail packaging units in 2023, a figure expected to rise by 2% by 2026, according to Euromonitor’s packaging data. In this week that aims to generate awareness around the environmental significance of recycling, it is also important to understand that addressing sustainability is not only a moral requirement but also a business opportunity.
Commodity Market Outlook Q1 2024: High Uncertainty Amid Soft Economic Outlook and Geopolitical Risks
Aleksandra Svidler
This year’s commodity market outlook remains highly uncertain. As consumers and businesses continue to grapple with lingering cost pressures and high interest rates, subdued global economic activity is set to translate into softer commodity demand.
Food Ingredients: The Future of Healthy and Novel Innovations
Karine Dussimon
A backdrop of sustained inflationary pressures and consumers cutting back on pricy groceries does not seem to bode well for health and wellness foods. Yet, post-COVID-19 consumer mindsets are also geared towards getting healthier with the right foods.
Shipping Disruptions: Impact on Global Supply Chains and Economies
Justinas Liuima
Global supply chains continue to face additional pressures in 2024 due to security crisis in the Red Sea. Global shipping companies and their clients avoid trade route via Suez Canal and instead are rerouting vessels round the Cape of Good Hope. This impacts around 11% of the global trade and poses the largest threat for the Asia-Europe shipping routes.
Economies in 2024: Key Trends to Watch
Lan Ha
In 2024, economies and cities across many parts of the world will see a subdued growth environment, with higher-for-longer interest rates and geopolitical uncertainties weighing on consumption, investment, manufacturing and trade.