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Remember when you could walk into the grocery store and buy whatever you wanted? The shelves are beautifully displayed – if the store doesn’t have one, you can order online and wait for two-day delivery.

It was a luxury many took for granted until the pandemic brought the illusion of abundance to an abrupt end. Supply chain shortages are shaking up industries from auto parts to cannabis.

These shortages are dire for consumers, but downright disaster for business owners. Look at any industry right now and you’ll see the impact of pandemic shutdowns, labor shortages, raw material shortages, and shipping delays.

Affect every industry

Soaring plastic prices are challenging several departments. United Solutions President David Reilly told reuters His plastics company is being crushed by resin prices. This is costly news for cannabis packaging companies.

He estimates that prices for certain types of resins have risen 100 percent over the past year. Before the pandemic, Riley would have sourced cheaper materials overseas, but shipping delays added to shipping costs.

“Currently, North American producers will not face stiff competition if container prices come down,” Reilly said.

Some companies have even reduced orders to avoid disappointing customers with delays.

Tracee McAfee, CEO of cannabis technology company Cryo Cure, said they were scaling up but were reluctant to take too many orders.

“We have enough supply chain issues right now. Believe it or not,…

Orjinal Yazar Bağlantısının tamamını okumak için tıklayınız ..

Remember when you could walk into the grocery store and buy whatever you wanted? The shelves are beautifully displayed – if the store doesn’t have one, you can order online and wait for two-day delivery.

It was a luxury many took for granted until the pandemic brought the illusion of abundance to an abrupt end. Supply chain shortages are shaking up industries from auto parts to cannabis.

These shortages are dire for consumers, but downright disaster for business owners. Look at any industry right now and you’ll see the impact of pandemic shutdowns, labor shortages, raw material shortages, and shipping delays.

Affect every industry

Soaring plastic prices are challenging several departments. United Solutions President David Reilly told reuters His plastics company is being crushed by resin prices. This is costly news for cannabis packaging companies.

He estimates that prices for certain types of resins have risen 100 percent over the past year. Before the pandemic, Riley would have sourced cheaper materials overseas, but shipping delays added to shipping costs.

“Currently, North American producers will not face stiff competition if container prices come down,” Reilly said.

Some companies have even reduced orders to avoid disappointing customers with delays.

Tracee McAfee, CEO of cannabis technology company Cryo Cure, said they were scaling up but were reluctant to take too many orders.

“We have enough supply chain issues right now. Believe it or not,…

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Source: https://mmpconnect.com/how-can-cannabis-companies-survive-supply-chain-disruptions/
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