As shoppers and retailers head back to more routine day-to-day activities following the holiday chaos, one activity that is likely to continue well into February is gift returns. Returns are a routine cost of doing business for online retailers as part of a positive user experience. But the holidays offer more significant challenges regarding returns, particularly when you add more brick-and-mortar stores to the situation. The National Retail Federation estimates consumers will return about 16.5 percent of their gifts. A UPS study puts that at around 23 percent - a quarter of the gifts given over the holidays. In cases where an item still has value after being returned, it is imperative to maintain the integrity of the product during shipment. The easiest way to do that is through effective packaging.
Particularly the ever increasing pulp costs but also other rising raw material prices force Sappi to increase its Specialities and Packaging Papers prices as from 1 April 2018. This measure is necessary to mitigate continuing margin erosion.
The increase will be 6% for all uncoated grades and 4% for all coated grades. The price rise will apply to all European and Overseas markets.
Practical implementation will be discussed by Sappi’s sales team with individual customers over the next weeks.