Throughout 2021 and into 2022, the packaging industry has faced rapidly increasing costs and a limited supply of materials that companies need to package their products. The higher prices and supply issues stem from container and labor shortages, overloaded ports, accidents, and extreme weather. Price increases are causing businesses to adjust their pricing in order to meet demands, which ultimately affects the prices for end users.
The problem is that no one can say for sure when the supply problems and inflated packaging costs will subside. Some experts predict that the current transportation bottlenecks, labor shortages, and related issues may last for up to another six months to a year.