December 2020

MUMBAI , Dec. 30, 2020 (Press Release) -A revival in demand, led by increased offtake from e-commerce channels, will support a rebound for paper-packaging entities this fiscal, offsetting the impact of pandemic-induced disruptions in the first quarter. And despite a 200 basis points (bps) blow to operating margin, credit profiles will be stable on the back of strong capital structure.

A study of 50 CRISIL-rated companies, which account for ~37% of the industry’s revenue, indicates as much.

SAN FRANCISCO, Dec. 29, 2020 (Fastmarkets RISI) -Along with the Walmart Foundation, Walmart said this month it is committed to help protect, manage or restore at least 50 million acres of land and one million square miles of ocean by 2030.

Included in the company’s updated forest goals is continuing efforts to source private brand pulp and paper from suppliers using Forest Stewardship Council, Programme for the Endorsement of Forest Certification or Sustainable Forestry Initiative certifications, or recycled content.

ARLINGTON, VA, Dec. 16, 2020 (Press Release) -The annualized turnover rate at both large and small truckload carriers rose by double digit percentage points in the third quarter as the industry began bouncing back from a COVID-19 induced slump. 

FORT MILL, SC, Dec. 23, 2020 (Press Release) -E-commerce has forever changed the way people shop, and now recycled containerboard will change the way products are delivered.

While online shopping is always popular during the holiday season, it has increased even more this year, amidst the COVID-19 pandemic. With millions opting to avoid in-person shopping, research firm Forrester expects that online retail sales will grow 24 percent in the United States this holiday season, compared to a year ago.

VILNIUS, Lithuania, Dec. 23, 2020 (Press Release) -The global quality assurance and risk management organization DNV GL, after an additional audit at Grigeo Klaipėda, has decided to return to the company the certification certifying the compliance with the environmental standards. Tomas Eikinas, the general manager of the company, states that the recovery of this certificate is crucial for the company not only to achieve the set goals, but also to regain the trust of the public and its customers.