After the European Union (EU) introduced new regulations on packaging and packaging waste, global companies are now facing more scrutiny when it comes to delivering on their sustainability claims, according to global assurance provider LRQA.
Companies are under pressure, facing higher prices for their supplies and some are trying to pass that onto consumers in a phenomenon called shrinkflation.
The complex makeup of private brand manufacturers' portfolios creates impacts that are felt both earlier, and often to a greater extent when the supply chain is impacted.