Flint Group Packaging Inks announces price increase in India & South Africa

Costs are increasing and supply is tightening

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The 2022 edition of the expo will be held in Mumbai

The industry is facing an extraordinarily turbulent set of supply chain conditions, intensified by the global pandemic. Costs are increasing and supply is tightening across almost all procurement categories. Three of the most volatile areas include – multiple petrochemical derivatives, such as resins & solvents, pigments, and freight.

Upal Roy, managing director, Flint Group India and South Africa, notes, “The current and unusual set of supply chain conditions are some of the most severe that we have witnessed. Our industry is facing substantial cost and availability headwinds, across multiple raw material categories. Resins, solvents and pigments (including Titanium Dioxide), are particularly problematic, as well as freight and packaging costs”.

Flint Group collaboration with global supply chain

Flint Group India and South Africa continue to collaborate with its global supply chain partners to mitigate as many negative effects as possible. However, recent force majeure announcements and the global freight imbalance is impeding some corrective actions and the current situation is not sustainable in the long term.

Roy concludes, “Despite today’s announcement, we are resolutely committed to efficiency projects to negate the adverse supply chain circumstances, wherever feasible. Nonetheless, the magnitude of these increases makes it clear that these activities alone will not suffice.”

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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