Higher interest rates haven’t gotten inflation under control yet, but they are having an impact on the plastics sector. Bill Wood analyzes the situation In the August Numbers that Matter Live.
“It's still an open question as to whether or not overall inflation has gotten down [or if] it's coming down fast enough. And there is some evidence to suggest it's not and there are some people who are still holding out the possibility that interest rates could go even higher.,” Wood said. “It has not slowed down the overall economy,” but it has slowed down growth in plastics.
“That is the crux of everything we're talking about. People in the plastics industry need some relief. They need interest rates to start going the other direction,” Wood said.
Other topics included the labor market and how a UAW strike would impact the automotive plastics supply chain.