Business Insider found yet another, unexpected problem with the global supply chain bottlenecks: a lack of packing materials.
Low containerboard and corrugated cardboard inventory has been a mounting issue since earlier this year, according to the article, thanks to growth in e-commerce during the lockdown.
Retailers like Amazon began stockpiling cardboard in January 2021 to meet demand, leaving smaller businesses empty-handed.
By February, cardboard prices reached a record high, according to the Producer Price Index and the US Bureau of Labor Statistics.
Additionally, International Paper, one of the largest providers of containerboard and corrugated cardboard in the US, told investors in July 2021 that supply of cardboard boxes was “severely low,” and warned of continued supply chain bottlenecks leading into the rest of the year.
Read the full article HERE
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