Indication of Significant Weakness in Box Demand Emerges
📦 Indication of Significant Weakness in Box Demand Emerges.
Weakness in U.S. box demand continues to reflect the challenging state of the goods economy, with the three largest North American containerboard/box producers reporting significant declines in Q1. Despite a recent uptick in demand, indicators such as falling real earnings, tightening lending standards, and low small business confidence suggest that an improvement in box/goods demand is not expected in the near future. Packaging Corp. of America's decision to indefinitely idle one of its containerboard mills in Washington, resulting in layoffs, raises questions about the company's response to improving demand.
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The trucking industry experiences an ongoing freight cycle downturn, although positive de-stocking trends have provided some balance amid low demand.
Japan's exports have experienced their weakest growth in over two years, signaling a global economic slowdown and adding uncertainty to the country's growth outlook.
Rolls-Royce Holdings Plc acknowledges that supply chain disruptions remain a significant operational challenge, echoing concerns expressed by other manufacturers such as Airbus and Boeing.
Apple has successfully addressed the production disruptions it faced last year, with CEO Tim Cook stating that iPhone supply was not an issue during Q2.
Weakness in U.S. box demand continues to reflect the challenging state of the goods economy, with the three largest North American containerboard/box producers reporting significant declines in Q1.
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The International Federation of Freight Forwarders Associations has cited the easing of container volume surges and the unclogging at the nation’s largest ports for a reason for the adjustment.
Often viewed as a barometer for global trade, Mediterranean Shipping Company is claiming that it expects the ocean container market to grow in late-2023.
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Taiwan Semiconductor Manufacturing Co., the company calling much of the shots in the United States semiconductor industry, is projecting a revenue drop over the next twelve months.
Demand planning is the process of forecasting the demand for a product or service in the future.
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