AlixPartners Forecasts: Household Products Could Cost U.S. Manufacturers and Consumers 15% More This Year Due to Resin Shortage

AlixPartners, the global consulting firm, announced today its forecast regarding how much the ongoing resin shortage could cost U.S.-based producers of plastic products and consumers of all things plastic.

According to AlixPartners, across the U.S. economy, prices are rising for many products, from building materials and appliances to food and computer chips. Further price increases are now on the way for many other consumer products due to unprecedented shortages and disruption in the supply chain for the fossil fuel-based resin market. Resins are used worldwide in everyday household plastic products such as diapers, trash bags, beverage bottles, containers for personal care products and detergents, as well as plumbing pipes, medical devices, and toys.

“U.S. consumers are already feeling the pinch in their household budgets, and it is likely to get worse before it gets better,” said Marc Iampieri, Managing Director in the Operations and Transportation & Logistics practices at AlixPartners. “Frankly, this has potential to become a hidden version of the semiconductor crisis for many of the same reasons. Rising demand for plastic products combined with recent supply disruptions has led to complications around quality, cost, and timeliness of delivery. Because these products often have low profit margins, those in the industry have no choice but to pass the higher costs onto consumers. The top priority for companies right now is to mitigate the risk and impact of supply chain disruption, which include building more flexibility into production, rebalancing the supply chain, and rethinking delivery and distribution.” More here.

Medical Device News Magazine
Medical Device News Magazine provides our readership with breaking medical device / biotechnology news. Our subscribers include medical specialists, device industry executives, investors, and other allied health professionals, as well as patients who are interested in researching various medical devices. We hope you find value in our easy-to-read publication and its overall objectives! Medical Device News Magazine is a division of PTM Healthcare Marketing, Inc. Pauline T. Mayer is the managing editor.

More News!

The ArthroFree system is the first FDA-cleared wireless camera for arthroscopy and general endoscopy, both areas of minimally invasive surgery. The system is designed to help surgeons work with aximum dexterity and focus.
The project, which was led by the University of Southern California, included large increases in representation among men of African, Hispanic and Asian ancestries, that were contributed in part by an ongoing collaboration between the U.S. Department of Veterans Affairs and DOE reports Argonne.
This innovative software turns smartphones into medical-grade stethoscopes, allowing people to capture, analyze, and share critical heart health data with medical personnel from the comfort of any location notes Sparrow BioAcoustics.
"Taewoong Medical becoming an Olympus group company is also a major milestone in our global growth strategy," said Henry Shin, CEO of STARmed. "We look forward to our products being made available to more patients through Olympus' global distribution network."
The company reports they have successfully met the six-month primary endpoint for the first-ever female patient implanted with the UroActive™ System, the first smart automated artificial urinary sphincter (AUS) to treat SUI.

By using this website you agree to accept Medical Device News Magazine Privacy Policy