The Plastics Industry Braces for Fallout From 2023 UAW Strike
On October 30, 2023, the United Auto Workers struck a deal with General Motors, signaling the end of their six-week-long strike against the “Detroit 3” motor companies.
Plastics comprise nearly a third of the 30,000 parts of making a single vehicle. In 2022, the American auto industry spent around $28 billion on plastic products. While the true impact of the UAW strike may not be known until the November release of October’s data, the disruption in production is sure to make waves in the plastics industry.
Download our market update to learn about COVID-era developments that can help the plastics industry navigate the post-strike market.
Notes from Fakuma 2023
Known as a prestigious trade fair for plastics processing since 1981, the 2023 iteration of Fakuma took place from October 17-21 in Friedrichshafen, Germany.
Chief among the topics addressed at this year’s Fakuma was the industry’s focus on sustainability efforts and moving toward a circular economy.
Notable launches from Avient, Sumitomo Demag, and Asahi Kasei Corp (among others) signaled industry-wide momentum toward greener plastics.
Read more about the innovations presented at Fakuma 2023 in our market update.
Major Players in Food & Beverage Shifting to Recycled PET
By opting for recycled plastics and reducing the need for virgin PET plastics, Coca-Cola, McDonald’s, and Nissin Foods USA are leading the charge toward a more sustainable future.
Read about each company’s shift from single-use plastics in our market update downloadable.
Opportunities, Challenges, and Innovations
Our quarterly market update shows you what’s new in the industry and how HPP has adapted to our current lifestyle. Learn about our most pressing issues and get the latest plastics industry news.
- UAW Strike