Category: Industry News

New York (CNNBusiness) — Slimmed down toilet paper, fewer cookies in a bag, less conditioner in squeeze tubes. The changes are subtle and might evade less discerning shoppers. But retail industry experts say we could see more consumer products start shrinking in size or quantity -- or both -- because of rising costs.Record levels of inflation means households are paying more for everyday purchases and it's costing companies more to produce packaged items like paper products, shampoos as well as food and beverage products. Companies can raise prices, and many are. Others are charging customers the same price while offering less. Product downsizing,…

All the elements of a perfect storm have come together in 2022 paper goods market and is evidenced by never seen before shortages in raw materials, plant closures, increase in consumer demand and ensuing rapid rise in prices. These are some of the immediate effects of the Covid storm, and the far-reaching effects are still unknown and won’t be seen for years.   Since late 2019 and very early 2020 and Covid transforming global market, signs of shortages were noticeable but manageable. Who can forget waiting in line to enter grocery stores to purchase life necessities, and how toilet paper…