In these trying times, where supply chains are being disrupted and the costs of everyday goods are rising constantly, many common household products are becoming less and less available. People got a taste of this during the early days of the COVID pandemic with toilet paper shortages, and that was only a misunderstanding fueled by panic and false information. What isn’t fake, unfortunately, is the shortage of aluminum foil that businesses are facing.
The aftershocks of the pandemic’s supply chain disruption, has forced suppliers to drastically reduce production. Both the resources required to produce and transport bulk aluminum foil are scarce.
The ongoing Russia-Ukraine conflict has also greatly impacted aluminum foil supplies. Russia is one of the largest suppliers of aluminum foil in the world and both current and proposed sanctions could reduce foil production even further.
Russia’s attack on Ukraine has also affected the prices of aluminum foil, as the diminishing rate of production has caused the prices to skyrocket to record highs. The nature of this conflict most likely means that this factor will not change for the foreseeable future, and both the production of aluminum foil and its price will continue to reach extreme lows and highs, respectively.
Companies are concerned with the potential effects an aluminum foil shortage might have on them. Aluminum foil is a key resource in many industries, ranging from restaurants to beauty service providers. Both chain and independent grocers also heavily rely on keeping aluminum foil on hand. Business owners are being forced to purchase from multiple suppliers just to keep reasonable stock.
The current political and social climate has left a large hole needing to be filled; there is a strong need for consumers to be able to buy aluminum foil in bulk. Luckily, Elevate Marketplace is not only a reliable source of available bulk purchases of aluminum foil, but capable of selling that foil at a reasonable price.
Many parts of this industry are fluctuating right now, but Elevate Marketplace is doing everything possible to keep steady.
