Sun Chemical to increase prices on inks, coatings, consumables and adhesives in North America
Category : News
The inflationary environment in North America has continued to impact the ink industry. Global geopolitical events have caused sustained pressure on logistics availability and have increased the costs to unprecedented levels. The constrained accessibility to labour in the market has driven significant wage inflation while contributing to inefficiencies at manufacturing facilities.
Key raw materials continue to experience scarcity while steel shortages drive costs for steel drums and other packaging components to historic highs. Sun Chemical continues to seek mitigation strategies to these cost increases, but, the magnitude and speed of increases require further action to offset impacts to the business.