The paper market has been unpredictable for the past few years. It began during 2020 as a consequence of lockdowns and changing needs in paper products. While the pandemic is over, the industry is still recovering. In this episode of Ask the Experts, PCI Group President and Owner Chris Kropac shared insights on paper market trends in 2023 and beyond.
“The paper market has been very volatile with unprecedented increases that we’ve ever seen. I’ve been in the industry 35 years, and I haven’t seen increases like these happen,” Chris said.
With higher costs, many companies have had challenges in maintaining the paper they need for print and mail, but PCI Group has checks and balances in place to continue to benefit from its ability to buy in bulk and have guaranteed quantity. “We have been fortunate because our philosophy and business use standard components and have not had any shortages,” Chris added.
The paper market may achieve greater stability in the future. “In 2023, I think another two to three increases, then it will stabilize more at the end of the year. We know right now, there’s a start to open up some more capacity,” Chris noted.
No matter the up-and-down nature of the paper market, PCI Group has strategies and policies in place to ensure they have the materials they need to deliver customer jobs with high quality and accuracy.