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    • Industry News

      Retail Sales, New Residential Construction, and Industrial Production during COVID-19 Crisis

      Sales of consumer essentials, which use substantial plastics products and plastics packaging, increased in March. Food and beverage stores saw a 25.6% increase in sales, with grocery store sales increasing by 26.9%. Healthcare and personal care store sales rose 4.3%. With the coronavirus shutdowns affecting travel and leisure activities, sporting goods, hobby, and musical instruments and bookstore sales fell 23.3%. Gasoline stations saw a 17.2% drop in sales.
    • Industry News

      PLASTICS Announces Three New Executive Leadership Roles

      The Plastics Industry Association (PLASTICS) announced three new executive appointments.
    • Industry News

      PERCspective: Plastics Industry Added Jobs in March

      The latest report from the U.S. Bureau of Labor Statistics shows the plastics industry continues to make essential products to protect healthcare workers and patients. The economy lost 701,000 jobs in March as business activities slowed due to the COVID-19 coronavirus and measures to contain it... Total manufacturing lost 18,000 jobs – 7,000 in durable goods and 11,000 in nondurable goods manufacturing. Plastics and rubber manufacturing, however, added 1,600 jobs in March.
    • Industry News

      Plastics 2019 Exports and Imports Down but Surplus Up

      Judging from the 2019 trade data released in February, the U.S. plastics industry exports and imports fell 3.0% and 5.0%, respectively, from 2018. From the total $64.8 billion exports in 2018, exports fell to $62.9 billion last year. Imports decreased from $64.3 billion to $61.3 billion over the same period.
    • Industry News

      Letter to Members from PLASTICS President and CEO, Tony Radoszewski, CAE

      "We recognize that many of our plastics industry companies are focused on other issues and we want to help our members plan effectively during this critical time. It is also of the utmost importance that we put the health and safety of members and the plastics industry first."
    • Industry News

      COVID-19, the Fed funds rate, and the U.S. Plastics Industry

      "Is the economy experiencing a financial meltdown necessitating drastic action from the Fed? The answer is a resounding no – the U.S. is not in a financial crisis. However, central banks around the world reacted proactively to ensure that liquidity in the financial markets is not compromised as economic activity slows due to the coronavirus (COVID-19)."
    • Industry News

      We Have A Waste Problem. We Need Solutions, Not Sensationalism

      There are a number of things to object to when it comes to Sergio Peçanha’s recent Washington Post column about plastics: the sensationalist, misleading headline; the suggestion that, because the U.S. is the 20th biggest culprit when it comes to the mismanagement of plastic waste, it constitutes a major player in this arena, when close to 90% of mismanaged plastic waste comes from the top five countries; and on and on and on.
    • Industry News

      Coronavirus and The U.S. Plastics Industry Supply Chain

      While we cannot confirm today that the coronavirus has already impacted the U.S. plastics industry supply chain, it is reasonable to expect that if the coronavirus crisis in China continues and escalates, it will negatively impact the U.S. plastics industry. For business continuity reasons, U.S. plastics companies need to look at their current supply chain involving China and—as a precautionary measure—examine alternative supply sources.
    • Industry News

      PERCspective: Counting Down to 2020

      Trade friction between the U.S. and China, Brexit and the debate over the USMCA all collaborated to make 2019 a year of uncertainty. But fear not; it is most likely that this triad of issues will be resolved in 2020.