Plastics & Injection Molding Manufacturer Blog

Last month, in our article “How to Get Your Injection Molded Parts On-Time and Keep Your Production Lines Running,” we addressed the lead times and production concerns around the resin industries and what Ferriot is doing to help our customers weather the storm. We will continue to update you on this evolving issue.  

Plastics processors all over the country are seeing severe resin shortages and staggering price increases. Every indication is that this issue will continue through June.  What caused this? What resins have been impacted? How will this impact the resin market in the coming months? What should OEMs with plastic components in their products be doing now?  

COVID-19 has drastically changed the way that companies are run – possibly for years to come. Here in Ohio, we’ve all had to change the way that we work and go about our lives.

While stay at home orders are starting to slowly lift, that doesn’t mean a quick jump back to normal. As an essential business, Ferriot has remained open during the quarantine, making critical parts for the medical, industrial and financial services industries. However, it’s how we all protect our workers that’s equally as important to fighting the pandemic. 

Here at Ferriot, an increasing number of our clients are expressing growing concerns over the Coronavirus crisis and the impact of this crisis on the global supply chain. The situation remains very volatile, changes daily, and continues to have a global impact.

This affects injection molding because the industry relies heavily on Asia, especially China, to manufacture a significant portion of the tooling.  A large percentage of plastic parts are molded there as well.  The lower labor cost has allowed Asian countries to deliver tooling at a lower cost and provided OEMs with a reasonably safe supply chain.