The 3rd-largest North American containerboard and box producer, Packaging Corp. of America, reported an eye-opening 10% box shipment decline.
Goods demand has dried up, specifically purchases of big-ticket discretionary items such as furniture and appliances.
Companies expecting a near-term demand recovery might be well served to read Visa’s Q1 earnings call transcript.
U.S. box shipments are declining at their fastest rate since the worst of the Great Financial Crisis, with trends having deteriorated as the first quarter progressed, according to the third-largest North American containerboard producer.
A large European pulp and paper company issued a profit warning as “the whole packaging market is currently weakening.”
A large European paperboard and pulp producer warns of deteriorating demand in another sign of intensifying global economic weakness.
