The effects of raw materials shortage for consumers

As a consumer we are used to feeling secure that our needed every-day supplies are readily available and easy on budget.

Today the global markets face a heavy shortage of numerous common raw materials. The deficit on the other hand has a harsh effect on consumer products prices. 

For example, there is a far larger need of copper, steel, aluminum, semiconductors, paper, wood, resins, solvents, both granulate and raw plastics than the market currently has to offer.

The price of materials above mentioned have been rising for eight consecutive months.

How did such situation become a trend? The answers have many faces:

  • The consumption is rising in almost every product field,
  • the middle-class is on a quick growth,
  • the covid virus and unprecedented climate situations have led to temporary or even permanent closing of factories,
  • e-commerce has skyrocketed,
  • price of oil is steadily growing and much more.

The trends have a toll on the price of every product. Even the price of common plastic film packaging rises twofold as there is insufficient supply, production capacities are lower, logistics more expensive.
Following a similar path, the price of the main product rises as well. There could be instances where goods will fall behind on supply enough to cause a temporary void on the store’s shelves. Could be there are just no cartons or pallets to ship the goods on – just as the whole circle of the products lifespan is under error.

To meet the market demand there are heavy efforts directed to production and logistics. Perhaps the trend shall pass without any effects on us. Should the supply shortages continue, local alternatives might ease the situation for us. Products made of local, fastly renewable sources are readily available and preferable regrading product properties as well. Straws from Suckõrs, packaging materials from Woola, local food and similar local options can be a solution to today’s shortages.

Under the shadow of the deficit, we could find consumables capable of patching the lacks in properties of conventional products; that we are too comfy to substitute under normal circumstances. We can also never put enough emphasis on the small steps each of us can take today: consume smartly and reuse as much as possible.

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