cBoxBid.com has created the first regional marketplace for the corrugated packagaing buyer. Buyers simply create an RFQ (request for quote) and corrugated manufacturers subscribers bid back to the buyer in a non-binding platform.
Its that easy. Its FREE for buyers! Manufacturers get: qualified leads, reduction in cost of sale expenses, and manufacturer ratings!
Monday, August 17, 2009
State of the Corrugated business
NEW YORK — August prices for cardboard box parts, which will be reported this weekend, will likely hold steady as inventories hover around a 30-year low, despite rising production, Wall Street analysts said Monday.
Credit Suisse analyst C.A. Dillon III said that at the end of last month containerboard inventories were at their lowest level since 1980.
Meanwhile, the industry's July utilization rate, which gauges how much of its manufacturing capacity is being used, was 88.6 percent, well above the 82.8 percent year-to-date level, UBS analyst Gail Glazerman said.
She also said production in July rose 1 percent, month over month, to its highest level since October.
"August prices will be reported this weekend, and evidence is mounting that prices will remain level once again," said Dillon.
Investors are watching containerboard prices for signs the industry's strict production discipline, which has resulted in the low inventories, will continue and thus boost the likelihood of sustained profits when the recession ends.
Dillon's favorite pick is the stock of Lake Forest, Ill.-based Packaging Corp. of America, which he rates as a "Buy"; Glazerman's top pick is the stock in Memphis, Tenn.-based International Paper Co., which she rates as a "Buy."
In afternoon trading that was marked by widespread declines, Packaging Corp. of America fell 40 cents, or 2.1 percent, to $18.30 and International Paper declined 48 cents, or 2.4 percent, to $19.52.
Credit Suisse analyst C.A. Dillon III said that at the end of last month containerboard inventories were at their lowest level since 1980.
Meanwhile, the industry's July utilization rate, which gauges how much of its manufacturing capacity is being used, was 88.6 percent, well above the 82.8 percent year-to-date level, UBS analyst Gail Glazerman said.
She also said production in July rose 1 percent, month over month, to its highest level since October.
"August prices will be reported this weekend, and evidence is mounting that prices will remain level once again," said Dillon.
Investors are watching containerboard prices for signs the industry's strict production discipline, which has resulted in the low inventories, will continue and thus boost the likelihood of sustained profits when the recession ends.
Dillon's favorite pick is the stock of Lake Forest, Ill.-based Packaging Corp. of America, which he rates as a "Buy"; Glazerman's top pick is the stock in Memphis, Tenn.-based International Paper Co., which she rates as a "Buy."
In afternoon trading that was marked by widespread declines, Packaging Corp. of America fell 40 cents, or 2.1 percent, to $18.30 and International Paper declined 48 cents, or 2.4 percent, to $19.52.
Friday, August 14, 2009
Regional Procurement the new Globalization?
From Procurement Leaders Magazine:
Regional procurement the new globalisation Companies are looking closer to home for materials and redesigning their supply chains to suit as the pressures of climate change and the financial crisis force western businesses to reassess low-cost country sourcing strategies.
Speaking to the Financial Times, Dan O'Regan, head of supply chains at accounting firm Ernst & Young, said that it isn't just the prospect of regulatory change but also the downturn which is forcing businesses to look more local. "I think you will find smaller, more regional supply chains," he told the newspaper.
The chief executive of Philips, Gerard Kleisterlee, said, “A future where energy is more expensive and less plentifully available will lead to more regional supply chains" before going on to add that an economic crisis is a period when companies should sit back and think, "is this a moment to make some fundamental change".
Regional procurement the new globalisation Companies are looking closer to home for materials and redesigning their supply chains to suit as the pressures of climate change and the financial crisis force western businesses to reassess low-cost country sourcing strategies.
Speaking to the Financial Times, Dan O'Regan, head of supply chains at accounting firm Ernst & Young, said that it isn't just the prospect of regulatory change but also the downturn which is forcing businesses to look more local. "I think you will find smaller, more regional supply chains," he told the newspaper.
The chief executive of Philips, Gerard Kleisterlee, said, “A future where energy is more expensive and less plentifully available will lead to more regional supply chains" before going on to add that an economic crisis is a period when companies should sit back and think, "is this a moment to make some fundamental change".
Wednesday, August 5, 2009
Move forward with Caution
Yesterday the Institute for Supply Management released its July 2009 figures. Which showed a .06 decline and ended a nice four month run of increased averages. This small slowdown in July probably won't reflect anything in corrugated orders, however steady improvement in manufacturing is always a good sign.
http://www.ism.ws/
http://www.ism.ws/
Subscribe to:
Comments (Atom)
