A frustrating combination of disrupted supply lines from the global pandemic and the recent storm that devastated Texas has led to limitations in resin availability. As with any industry, this is creating a disparity in supply and demand, resulting in soaring plastic prices and force majeure declarations – meaning an inability to fulfill a contract due to an unforeseeable circumstance. This has led to some vendors revising part specifications or material requirements to sidestep the crisis. Let’s take a closer look at the recent and frequent force majeure declarations and their effects on plastic injection molders.
[Read more…] about Force Majeure Declarations Affecting Plastic Injection Molders
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