Here at Plastics News, we've heard a lot of stories about companies being able to access new business lines or build production as the pandemic increased the importance of medical products and staycation home accessories.
But, of course, we know there are other companies continuing to suffer without making headlines.
Reporter Sarah Kominek has been talking to insiders who are in touch with the businesses struggling in this COVID-19 economy. Their general message? Companies that had already been seeing a slowdown before the pandemic are facing some really tough decisions. While banks have been patient, for the most part, that won't last forever, they warn.
"Plastics processors who were operationally sound and on the right vehicle platforms prior to COVID are doing OK, have cash flow, can pay their vendors, are getting paid by customers," said Ted Morgan of Plante Moran PLLC. "But a growing number of those not on as solid ground going into to the pandemic are really starting to feel the pain."