Resin price surge challenges packaging industry’s profitability and operations.

Thimmiah Napanda, Managing Director & CEO, Alternicq, highlighted that the sharp rise in crude prices and resin costs has triggered a structural shift in the packaging industry from cost-led sourcing to supply-assured procurement. He emphasised that long-term supplier relationships, inventory buffers and collaborative customer partnerships are becoming critical to ensuring continuity in a volatile environment. Alternicq has prioritised supply security and transparent cost pass-throughs while leveraging its scale and strategic supplier network. Napanda also sees the disruption accelerating industry consolidation and driving greater adoption of circular packaging solutions through initiatives such as Project Earth.

‘Packaging industry faces resin price surge,’ Thimmaiah Napanda