Critical Issues

The global transparent plastic packaging market is anticipated to accumulate a market value of US$141.09 billion in 2023 and is expected to garner a valuation of US$ 250 billion by exhibiting a CAGR of 5.89% in the forecast period 2023 to 2033.

Despite High Street and online sales increasing, April’s retail sales figures, released by the Office for National Statistics (ONS), are worrying for shoppers and retailers alike, says the home delivery expert ParcelHero.

With Germany recording a recession this year, the demand for goods is expected to slow down in the coming peak season, contributing to a global trade slowdown.

The home delivery company ParcelHero says Britain’s retailers are facing a post-Covid reckoning. Stores that only sell online, such as ASOS and Boohoo, have made big losses, and some shops that only sell on the High Street, such as Poundstretcher, have seen profits tumble.

Long-awaited price deflation in the UK is now happening, says international procurement and supply chain management consultancy INVERTO, part of Boston Consulting Group.

Logistics UK highlighted its members’ concerns on the draft Border Target Operating Model in a recent roundtable meeting in government, hosted by Baroness Neville-Rolfe, Minister of State at the Cabinet Office.

A survey with 1200 supply chain professionals aimed to understand the biggest challenges they foresee for their business in the second half of the year showed that recession in the US remains the top concern, followed by geopolitical risks and rising operating costs.

The water-soluble packaging market size is projected to be worth US$ 3,220.0 million in 2023. The market is likely to surpass US$ 4,786.0 million by 2033 at a CAGR of 4.0% during the forecast period.

The starch-based packaging market size is projected to be valued at US$ 7,214.5 million in 2023 and is expected to rise to US$ 13,416.0 million by 2033.

Starch-based packaging is an environment-friendly alternative to standard plastic packaging that has grown in popularity in recent years.

Midland Pallet Trucks, the supplier of material handling equipment, has expressed concern over the recent reports of Amazon workers suffering from debilitating back injuries due to the company's demanding work pace.

The global air cargo market may have to ‘hang on until October’ for signs of a recovery after a flood of summer bellyhold capacity on major lanes and a -4% drop in demand in April indicated a challenging 4-5 months ahead, according to new weekly analysis from CLIVE Data Services, part of Xeneta.