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A preliminary third-quarter estimate reports a 15.8% increase, following a 4.5% uptick in the previous quarter. Shipments will probably continue to increase in the final quarter of 2020, as well, according to Perc Pineda, Chief Economist, Plastics...
Running the gauntlet of COVID-19 has shifted how businesses think about global supply chains. Companies are not just looking at manufacturing costs, but at what happens if their supply chain shuts down.
Mexico and Canada remain the US plastics industry’s largest export markets. Although the US plastics industry had a $13.7 billion deficit with China, resin exports recorded a $2.5 billion trade surplus.