A Mount Prospect letter to the editor: My business life was involved in packaging -- for 36-plus years. Corrugated packaging (boxes) are a true economic indicator.
My business life was involved in packaging -- for 36-plus years. Corrugated packaging are a true economic indicator. If you are making things, you most likely need a box to ship it in.
The last few years because of COVID, all the mills and plants have been full. E-commerce was humming along. The mills and box plants were getting huge increases. Recently the price per ton dropped $20. That may not seem like a lot, but many of the mills and plants are freaking out because business is slowing -- meaning less demand for e-commerce .
There is a super box plant being built now in Elgin by Atlantic most likely they assumed the e-commerce cycle would not end and now they are facing a slowing market. I tell you all this as this is another indication of the ship sailing from the large warehouses and distribution centers. Many are being pulled out of production or placed on hold, except in Carpentersville, which doesn't seem to want to know or understand the market trends. We must convince them of their fool's errand. The signs are everywhere that this is a losing proposition for anyone but the Galvin family and Capital Development.
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