David Savastano, Editor03.05.21
There are challenges throughout the ink supply chain, and Flint Group Commercial, Publication and Sheetfed Inks (CPS) has been faced with cost increases across the full breadth of the supply chain, from raw materials to logistics. As a result, Flint Group CPS announced price increases across their sheetfed inks and coatings throughout North America.
The industry has seen considerable pressure placed on its supply chain due to a number of global shortages for key raw materials used in the ink manufacturing process, such as pigments, resins and chemicals. In addition, disruption caused to global logistics due to the COVID-19 pandemic has led to rising freight costs and availability. For example, recently there have been upstream force majeure announcements and the acute global freight imbalance is impeding some corrective actions.
Flint Group CPS has worked to mitigate the rising costs where possible, implementing a number of internal improvement processes, as well as working closely with its supplier network, but it can’t absorb the full upturn in cost. Flint Group has to pass on some of these increases in order to continue to service our customer base effectively.
The increases will be active for all sheetfed inks and coatings sold and will be effective April 1, 2021 or by contract.
The industry has seen considerable pressure placed on its supply chain due to a number of global shortages for key raw materials used in the ink manufacturing process, such as pigments, resins and chemicals. In addition, disruption caused to global logistics due to the COVID-19 pandemic has led to rising freight costs and availability. For example, recently there have been upstream force majeure announcements and the acute global freight imbalance is impeding some corrective actions.
Flint Group CPS has worked to mitigate the rising costs where possible, implementing a number of internal improvement processes, as well as working closely with its supplier network, but it can’t absorb the full upturn in cost. Flint Group has to pass on some of these increases in order to continue to service our customer base effectively.
The increases will be active for all sheetfed inks and coatings sold and will be effective April 1, 2021 or by contract.
