Unpacking the Trends: Insights from the PMMI 3rd Quarter 2023 Packaging Industry Report

In the ever-evolving landscape of the packaging industry, staying informed about the latest trends and data is crucial for businesses and professionals alike. The “3rd Quarter 2023 PMMI Quarterly How’s Business” report, published by PMMI, The Association for Packaging and Processing Technologies, offers a comprehensive analysis of the current state of the industry. This insightful report covers key aspects such as new orders, quotations/proposal activity, late payments, backlog, supply chain disruptions, and broader economic indicators like the Manufacturing Purchasing Managers’ Index (PMI), Consumer Price Index (CPI), and Producer Price Index (PPI).

From the contraction and expansion trends in new orders and quotations to the challenges and improvements in supply chain disruptions, the report provides a detailed look at the industry’s performance in the third quarter of 2023. Additionally, it delves into the broader economic context, offering valuable insights into the manufacturing sector’s health and price trends affecting the industry.