• Amcor talks inflation, destocking, demand challenges in full-year report

  By Maria Rachal • Aug. 17, 2023

  M&A is also on Amcor executives’ minds as they continue to operate in a lower-demand environment, according to commentary during a full fiscal year earnings report Wednesday. Read the full article ➔

• Berry closed 20 facilities last quarter to optimize footprint

  By Katie Pyzyk • Aug. 10, 2023

  Executives offered few details about the closures, which are part of a cost-cutting initiative. As destocking and inflation ease, investments in innovation and sustainability provide a “competitive advantage,” said CEO Tom Salmon. Read the full article ➔

• Ball says Q2 volumes declined due to US beer controversy, Russia divestment

  By Maria Rachal • Aug. 4, 2023

  Global beverage volumes fell 11% in Q2, said CEO Dan Fisher. The company offered few updates on a possible sale of its aerospace business. Read the full article ➔

• WestRock sees start of volume turnaround during ‘unprecedented year’ of declines

  By Katie Pyzyk • Aug. 3, 2023

  Following this week’s announcement of the Tacoma, Washington, mill closure, executives further detailed the ongoing footprint optimization plan intended to improve profitability. Read the full article ➔

• O-I Glass looks ahead to 2024 expansions amid ‘choppy’ destocking

  By Maria Rachal • Aug. 3, 2023

  Q2 results exceeded expectations, executives said, despite lower consumer demand and destocking trends dampening sales volumes. Read the full article ➔

• Sonoco’s net sales fell 11% in Q2 amid ‘turbulent’ market conditions

  By Maria Rachal • Aug. 2, 2023

  The company pointed to “accelerated inventory reduction programs” at top customers in food and aerosols, which resulted in lower-than-expected demand. At the same time, it saw “record results” in flexible packaging. Read the full article ➔

• Graphic Packaging to enter fiber mailer space via acquisition

  By Katie Pyzyk • Aug. 2, 2023

  The foray into the e-commerce mailers comes as more customers request flexible fiber packaging solutions as they transition away from plastic. Read the full article ➔

• Beer controversy exacerbates 16% drag in Ardagh’s North American glass shipments

  By Maria Rachal • July 28, 2023

  Amid a sharp dropoff in U.S. beer demand, the company pulled forward plant closures in North Carolina and Louisiana as it pursues a 15% net reduction in North American glass capacity. Read the full article ➔

• International Paper says destocking is impacting box volumes unevenly

  By Katie Pyzyk • July 27, 2023

  Early Q3 volumes are starting to tick up, which executives expect to continue through the year. Read the full article ➔

• Silgan CEO ‘very disappointed’ after Q2, lowers guidance amid demand shift

  By Maria Rachal • July 27, 2023

  The consumer goods packaging company said it’s past pandemic-era destocking but a new wave of inventory issues has emerged. It will begin “rightsizing” its footprint to adjust to customers’ 2023 expectations. Read the full article ➔

• Sticky destocking, demand issues drag down PCA’s earnings

  By Katie Pyzyk • July 26, 2023

  Packaging Corp. of America had predicted that destocking largely would wind down in Q2, but the trend continues to some degree. Read the full article ➔

• Crown sales fell 11% in Q2 amid varied consumer spending trends

  By Maria Rachal • July 26, 2023

  Inflation, promotional activity and other factors impacted different markets. The can manufacturer anticipates new capacity will come online in the U.S. and the U.K. next month. Read the full article ➔