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Commodity prices rise; engineering resins drop

Plastics News

Regional PE demand also had been down because processors had built larger-than-normal inventories after the COVID-19 pandemic began, sources said. Strong seasonal demand for bottled water and other beverages played a role in lifting PET prices in 2022, as well as a lack of new capacity and freight and logistics challenges.

Sourcing 108
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Manufacturing PMI® at 52.8%; July 2022 Manufacturing ISM® Report On Business®

Fastener News Desk

“New order entry has slowed down slightly; however, logistical issues have yet to improve. The data should be compared to all other economic data sources when used in decision-making. Beginning in February 2018 with January 2018 data, computation of the indexes is accomplished utilizing unrounded numbers.

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Top Legal Issues Facing the Manufacturing Sector in 2023

Foley

Companies that may be concerned about the viability or performance of a supplier should consider seeking licenses or other rights that would enable to obtain vital components from another source if the supplier does not meet its obligations. Coordinate with Customs Brokers & Freight Forwarders.