The US ports strike impacts international shipments and may have significant effects on the US economy. Prolonged disruptions risk causing significant shipment and supply delays for US manufacturers and increase logistics costs. Retailers and consumers, meanwhile, face potential supply disruptions during the busy shopping season, which could cause higher inflationary effects in Q4 2024.
There is ever-growing expectation for sustainable packaging. The search for better is reflected in consumer sentiment and regulatory attention. The focus on plastic goes wide with regulation increasingly the lever used to secure more rapid progress on the road towards a circular economy.
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An improving supply outlook and muted demand have eased pressures in the commodity markets. In 2024, weaker manufacturing activity in key markets is set to limit price growth for energy and metals, while robust crop forecasts should curb agrifood price increases.
Historically, energy drinks have long been regarded as a premium offering in India, with Red Bull reigning supreme. Since its debut in 2009, Red Bull has maintained its stronghold over the category. Metal beverage cans used to be the preferred packaging choice, especially for premium brands, as they continue to extend their reach through this form of packaging.
Growing political and economic tensions are leading to supply chain diversification efforts, with new regional trade hubs emerging in Asia, Europe and the Americas. However, it remains unclear if new manufacturing hubs can fully replace China in global supply chains due to China's dominance in the hi-tech goods sector and underdeveloped supporting industries in other countries.