Alaina D'Altorio, Content Marketing Specialist, Smith Corona04.13.21
2021 has left the pressure-sensitive label industry in utter chaos. Soaring freight rates, cargo container shortages, and port congestion have driven up shipping costs. Lead times have extended out so far, they are unknown.
A rising need for pulp and paper has far exceeded supply and demand, escalating raw material costs. Packaging supplies, like sealing tape, stretch film, and ribbon, are seeing price hikes to the moon.
This is all currently happening. So how did we get here? We took a deep dive into the supply chain crisis and got to the bottom of it. The following information has been gathered to showcase the contributing factors that have thrown the label industry into its current state of turmoil.
Freight rate increases
Over the past year, ocean cargo prices have skyrocketed up to four times the amount they previously were. These prices have affected 40' containers, a common size used for shipping products. Costs to ship to and from China h
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