• Pactiv Evergreen gives updates on restructuring and shifting consumer spending

  By Katie Pyzyk • May 10, 2023

  CEO Michael King said the company is adapting to tighter consumer spending and gave an estimated June date for previously announced facility closures in Arkansas and North Carolina. Read the full article ➔

• Berry execs talk consolidation, shifting priority sectors

  By Katie Pyzyk • May 8, 2023

  The company is “rationalizing” 15 facilities across the world — and more could be affected — to boost efficiencies and productivity. Read the full article ➔

• Ball’s beverage can shipments decline amid weaker consumer spending

  By Maria Rachal • May 5, 2023

  Executives said Ball will continue to take downtime at facilities in Q2, and it’s moving forward to close a plant in Wallkill, New York. The coming summer months and new products offer some reasons for optimism, though. Read the full article ➔

• WestRock sees ‘unprecedented drop in volumes,’ will continue closing inefficient facilities

  By Katie Pyzyk • May 4, 2023

  Streamlining measures are helping to “successfully navigate this slower demand environment,” said CEO David Sewell. Read the full article ➔

• Amcor plans further labor cuts as weak demand and destocking persist

  By Maria Rachal • May 3, 2023

  The company lacks optimism that market challenges will abate in the near term. Executives foresee volume weakness during what is typically the seasonally strongest quarter for the North American beverage business. Read the full article ➔

• Graphic Packaging touts diverse end market portfolio, launches Chick-fil-A insulated fiber cups

  By Katie Pyzyk • May 2, 2023

  Executives lauded gains in the face of challenging Q1 fiber demand, while announcing a new partnership for insulated, double-walled fiber cups to displace plastic foam. Read the full article ➔

• Sonoco reports food packaging sales helped balance weak quarter for aerosols

  By Maria Rachal • May 2, 2023

  “We are cautiously optimistic about the remainder of the year,” CFO Rob Dillard said on a Tuesday earnings call, as the company raised aspects of its full-year guidance. Read the full article ➔

• International Paper earnings down as March brought ‘surprise’ demand dropoff

  By Katie Pyzyk • April 28, 2023

  The longer and deeper period of inventory destocking has taken a toll, but April has shown a notable uptick in box sales. Read the full article ➔

• O-I Glass sees lower volumes in Q1 but raises 2023 earnings guidance

  By Maria Rachal • April 27, 2023

  Higher selling prices helped overcome year-over-year sales volume declines, which O-I attributed in part to disruptive events, customer destocking and softer consumer demand in some areas. Read the full article ➔

• Crown reports sales growth in Americas Beverage, hopes for carbonated soft drinks uptick

  By Maria Rachal • April 26, 2023

  Can volumes were down 2.5% amid inflation’s impact on consumers and economic slowdowns in some international markets, said CEO Tim Donahue. The company anticipates summer trends could boost drink sales soon. Read the full article ➔

• PCA misses earnings targets due to box demand ‘well below our expectations’

  By Katie Pyzyk • April 25, 2023

  Despite indicators becoming “more negative as the months went on” related to containerboard demand, executives from Packaging Corporation of America said they’ve seen volumes turn around in April. Read the full article ➔