Supply Chain Research

Paint manufacturer PPG reported Q1’21 revenues which increased by 14.9% year over year despite shortages of several feedstocks as a result of “Texas going into a deep freeze” as the result of winter storms. The firm has noted a “significant acceleration of raw material and logistics cost inflation” but will “fully offset” that in 2H’21 via price increases. Raising prices carries competitive market risks. U.S. seaborne imports linked to PPG were unchanged year over year in Q1’21 despite a 17.2% drop in February. By comparison U.S. seaborne imports of paint linked to Chemours and BASF dipp...