{"id":718,"date":"2021-03-24T13:35:58","date_gmt":"2021-03-24T13:35:58","guid":{"rendered":"https:\/\/www.esharelife.org\/thinktank\/?page_id=718"},"modified":"2021-03-24T14:09:30","modified_gmt":"2021-03-24T14:09:30","slug":"raw-materials-price-increase","status":"publish","type":"page","link":"https:\/\/www.esharelife.org\/thinktank\/raw-materials-price-increase\/","title":{"rendered":"RAW MATERIALS PRICE INCREASE"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><a href=\"https:\/\/issuu.com\/esharelife\/docs\/esharelife_publication-raw_materials\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"559\" height=\"723\" src=\"https:\/\/www.esharelife.org\/thinktank\/wp-content\/uploads\/sites\/15\/2021\/03\/esharelife-publication-Raw-materials-front-page-1.jpg\" alt=\"\" class=\"wp-image-721 size-full\" srcset=\"https:\/\/www.esharelife.org\/thinktank\/wp-content\/uploads\/sites\/15\/2021\/03\/esharelife-publication-Raw-materials-front-page-1.jpg 559w, https:\/\/www.esharelife.org\/thinktank\/wp-content\/uploads\/sites\/15\/2021\/03\/esharelife-publication-Raw-materials-front-page-1-232x300.jpg 232w\" sizes=\"(max-width: 559px) 100vw, 559px\" \/><\/a><\/figure><div class=\"wp-block-media-text__content\">\n<p>Market conditions are driving up the cost of many raw materials, currently, buyers are bombarded with price increases across multiple products.&nbsp;<\/p>\n\n\n\n<p>The price of raw materials is increasing and manufacturers face cascading challenges through the supply chains. As prices continue their upward climb, manufacturers are still dealing with the two supply chain headwinds, plaguing the industry throughout the pandemic: slowing supplier deliveries and labour availability.<\/p>\n\n\n\n<p><\/p>\n<\/div><\/div>\n\n\n\n<p>There are four significant trends affecting raw material prices:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Strong global market demand, significantly China\u2019s V shape economic recovery, has led to shortages on many raw materials<\/li><li>The oil price has risen by 58% since November 2020<\/li><li>The global shortage of shipping containers has led to a sharp rise in transport costs from Asia to Europe thus further restricting supplies to Europe.<\/li><li>Additional non-tariff costs related to the new UK customs arrangements with the EU are adding to the cost of imported raw materials into the UK from Europe.<\/li><\/ul>\n\n\n<div class=\"gb-button-wrapper gb-button-wrapper-a8017e3c\">\n\n<a class=\"gb-button gb-button-6431207c gb-button-text\" href=\"https:\/\/issuu.com\/esharelife\/docs\/esharelife_publication-raw_materials\" target=\"_blank\" rel=\"noopener noreferrer\">Buy now<\/a>\n\n<\/div>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market conditions are driving up the cost of many raw materials, currently, buyers are bombarded with price increases across multiple products.&nbsp; The price of raw materials is increasing and manufacturers &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"RAW MATERIALS PRICE INCREASE\" class=\"read-more button\" href=\"https:\/\/www.esharelife.org\/thinktank\/raw-materials-price-increase\/#more-718\" aria-label=\"More on RAW MATERIALS PRICE INCREASE\">Read more<\/a><\/p>\n","protected":false},"author":23,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-718","page","type-page","status-publish"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RAW MATERIALS PRICE INCREASE - Esharelife Think Tank<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esharelife.org\/thinktank\/raw-materials-price-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RAW MATERIALS PRICE INCREASE - Esharelife Think Tank\" \/>\n<meta property=\"og:description\" content=\"Market conditions are driving up the cost of many raw materials, currently, buyers are bombarded with price increases across multiple products.&nbsp; The price of raw materials is increasing and manufacturers ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.esharelife.org\/thinktank\/raw-materials-price-increase\/\" \/>\n<meta property=\"og:site_name\" content=\"Esharelife Think Tank\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/esharelife\/\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-24T14:09:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.esharelife.org\/thinktank\/wp-content\/uploads\/sites\/15\/2021\/03\/esharelife-publication-Raw-materials-front-page-1.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@eShareLife\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.esharelife.org\/thinktank\/raw-materials-price-increase\/\",\"url\":\"https:\/\/www.esharelife.org\/thinktank\/raw-materials-price-increase\/\",\"name\":\"RAW MATERIALS PRICE INCREASE - Esharelife Think Tank\",\"isPartOf\":{\"@id\":\"https:\/\/www.esharelife.org\/thinktank\/#website\"},\"datePublished\":\"2021-03-24T13:35:58+00:00\",\"dateModified\":\"2021-03-24T14:09:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.esharelife.org\/thinktank\/raw-materials-price-increase\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.esharelife.org\/thinktank\/raw-materials-price-increase\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.esharelife.org\/thinktank\/raw-materials-price-increase\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.esharelife.org\/thinktank\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RAW MATERIALS PRICE INCREASE\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.esharelife.org\/thinktank\/#website\",\"url\":\"https:\/\/www.esharelife.org\/thinktank\/\",\"name\":\"Esharelife Think Tank\",\"description\":\"Esharelife Think Tank\",\"publisher\":{\"@id\":\"https:\/\/www.esharelife.org\/thinktank\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.esharelife.org\/thinktank\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.esharelife.org\/thinktank\/#organization\",\"name\":\"Esharelife Think Tank\",\"url\":\"https:\/\/www.esharelife.org\/thinktank\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.esharelife.org\/thinktank\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.esharelife.org\/thinktank\/wp-content\/uploads\/sites\/15\/2020\/09\/esharelife-think-tank-logo-v06-800.png\",\"contentUrl\":\"https:\/\/www.esharelife.org\/thinktank\/wp-content\/uploads\/sites\/15\/2020\/09\/esharelife-think-tank-logo-v06-800.png\",\"width\":800,\"height\":283,\"caption\":\"Esharelife Think Tank\"},\"image\":{\"@id\":\"https:\/\/www.esharelife.org\/thinktank\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/esharelife\/\",\"https:\/\/twitter.com\/eShareLife\",\"https:\/\/www.instagram.com\/esharelife\/\",\"https:\/\/www.linkedin.com\/company\/esharelife\/mycompany\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"RAW MATERIALS PRICE INCREASE - Esharelife Think Tank","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.esharelife.org\/thinktank\/raw-materials-price-increase\/","og_locale":"en_GB","og_type":"article","og_title":"RAW MATERIALS PRICE INCREASE - Esharelife Think Tank","og_description":"Market conditions are driving up the cost of many raw materials, currently, buyers are bombarded with price increases across multiple products.&nbsp; The price of raw materials is increasing and manufacturers ... 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