R.R. Donnelley & Sons Company (RRD) released its 2023 (Un)Packaging Reality Report, revealing how brands navigated last year’s market pressures and shortages to ease certain supply chain challenges and meet eCommerce demands. The second edition of RRD’s annual report now includes complementary input from label decision makers, in addition to the original audience of packaging decision makers.
According to the report, those citing product-related concerns dropped to 20% from the previous 34% while concerns surrounding packaging materials and transportation also mellowed. Meanwhile, eCommerce orders rose for 60% of respondents. Despite this challenging environment, 77% claimed their organizations moved closer to sustainability goals.
more at: https://investor.rrd.com/news/news-details/2023/RRD-Report-Amid-Steadying-Supply-Chains-and-eCommerce-Demands-Brands-Make-Meaningful-Strides-in-Sustainability/default.aspx?_gl=12nj1gl_gaMzY2NDQxNzE0LjE2NTQ1MTgyNjI._ga_2DQDYY9CC3*MTY4OTU5NTE3Mi4yNDUuMC4xNjg5NTk1MTcyLjYwLjAuMA..&_ga=2.31825534.115203656.1689595172-366441714.1654518262
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Second Quarter 2021 Financial and Segment Highlights *Revenue was $67.8 million higher than the previous year. All four segments experienced year-over-year revenue growth. Not including the First American acquisition, which closed on June 1, 2021, revenue increased $40.5 million, or 9.9 percent year-over-year. *The Payments segment delivered revenue growth of 43.1 percent over the previous year, $27.3 million of which was from First American. *Net income of $12.1 million includes $15.9 million of costs related to the First American acquisition during the quarter. *Cash flow from operations for the first half of 2021 was $83.8 million and capital expenditures were $46.6 million. Free cash flow, defined as cash provided by operating activities less capital expenditures, was $37.2 million, a decrease of $45.4 million as compared to 2020, largely attributable to capital investments this year and costs related to the First American transaction.
Sun Chemical will increase prices across a broad portfolio of its packaging and commercial sheetfed inks, coatings, and adhesives in North America (also EMEA and Latin America), effective March 15, 2021. A combination of raw material shortages, including petrochemical, vegetable oils and derivatives, dramatically increased international freight transport costs, and demand due to economic recovery, are all contributing factors for the cost increases in Sun Chemical’s raw material feedstocks.
Highlights: *Increase in revenues and solid profitability in the Packaging and Printing Sectors for the quarter. *Revenues of $775.8 million for the quarter ended October 31, 2021; operating earnings of $80.5 million; and net earnings attributable to shareholders of the Corporation of $39.2 million ($0.45 per share). *Made significant investments in research and development laboratories with state-of-the-art equipment in the state of Wisconsin, to drive growth and innovation and optimize the creation of sustainable solutions for customers. *Acquired H.S. Crocker on November 1, 2021, broadening the packaging solutions portfolio in the food sector as well as expanding pharmaceutical and medical expertise in the advanced coatings product offering. *Retirement of François Olivier on December 9, 2021 and Peter Brues will assume the position of President and Chief Executive Officer on December 10, 2021.