QYK Brands Largest Supply for wet wipes and Metrials
The surge in production of alcohol-based hand cleaner hasn't translated into an increase in supply, primarily due to a shortage of plastic bottles essential for packaging. The scarcity is compounded by a limited availability of a key compound used in the manufacturing process. Moreover, the challenge is intensified by the prioritization of health-care organizations at the forefront of the pandemic, receiving priority shipments over retail channels. Data from Nielsen, a market research firm, indicates a staggering 239% increase in U.S. sales in the four weeks ending March 28. However, consumers are left to choose from the remaining inventory, which has proven insufficient to meet the soaring demand. Addressing the plastic bottle shortage, Berry Global Group Inc., a plastic-container producer, responded to the overwhelming demand by boosting production capacity across its U.S. facilities in March. Despite operating round the clock to fulfill orders for flip-top closures and plastic b...