While the costs and availability of key ingredients has generally improved during the past year, most prices have not rebounded to pre-pandemic levels.
Raw material prices have stabilized during the past year, although costs remain at high levels. However, stricter environmental mandates are impacting the availability of some key ingredients.
Jan Paul van der Velde, senior vice president of procurement, Flint Group, provides insight into expected raw material developments during Quarter 3, 2013.
Jan van der Velde, Senior Vice President of Procurement, Flint Group 09.26.13
While the costs and availability of many raw materials have stabilized during 2012, there remain reasons for concern for prices and supply during the coming year.