_____________________________________________________________________________________________________________ Rohrer

“ Since we last spoke ,” Tim begins , “ the packaging industry has dealt with a challenging backdrop of continued demand signal correction following the Covid-19 pandemic , subsequent supply chain challenges and inflationary pressures . The first two events increased demand as people were concerned about running out of essential items , but when the inflationary period then hit , inventories across the value chain that had been inflated in ours and our customers ’ systems adjusted downward and back toward normal demand levels .

“ We ’ re now seeing our demand signal return to more of an expected level , and while inventories have corrected themselves , we ’ ve focused on getting a strong strategy in place to support growth and investment

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