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Supply Chain Disruptions Mean It’s Harder to Make Blue Paint

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Supply Chain Disruptions Mean It’s Harder to Make Blue Paint

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Photo: Fred Tanneau / AFP (Getty Images)

If you thought the worldwide provide chain disruptions solely affected your receipt on the grocery store or your potential to get the latest Apple product, assume once more. The paint business goes by an intense provide chain crunch proper now, which is unhealthy information if your property enchancment or renovation tasks require the colour blue.

Paint maker AkzoNobel, the biggest producer of the product in Europe, instructed Bloomberg on Wednesday that it was working out of supplies to make some shades of blue. CEO Thierry Vanlancker instructed the outlet that the problem was associated to a scarcity of a sure fundamental shade tint, which is “extremely difficult” to acquire.

“It’s creating complete chaos,” Vanlancker mentioned.

AzkoNobel’s woes don’t cease there, although. The producer is having a tougher time getting metallic cans for its paint as a result of it may well’t get its palms on the tinplate used to make them, Bloomberg reported. This has pressured it to ship empty metallic cans throughout the international locations the place it operates to get its paint out as a result of it may well’t make them on-site.

In addition, AzkoNobel has mentioned it may well’t fulfill deliveries of exterior wall paints attributable to pressure majeure, which refers to pure or unavoidable catastrophes that stop firms from fulfilling their obligations. Its clarification: The additive wanted to make these paints waterproof shouldn’t be out there.

In a media announcement on the corporate’s third quarter earnings on Wednesday, Vanlancker mentioned that extraordinary ranges of uncooked supplies value and provide chain disruption had impacted its enterprise. His assertion echoed one made by Sherwin-Williams on the finish of September, which additionally identified rising prices for supplies equivalent to resins and polymers—substances in paint—and the metal to make paint cans.

Damage from Hurricane Ida and the Texas winter storm earlier within the yr had additionally affected its suppliers, Sherwin-Williams mentioned.

Meanwhile, the AzkoNobel CEO warned that the crunch plaguing the paint business wasn’t performed but.

“As we’ve already indicated, the headwinds are likely to be with us going into 2022,” Vanlancker mentioned in a press release.

The provide chain disruption and the elevated value of supplies has shot up the value of paint in some markets. Akzo Nobel’s costs have already risen 6% in 2021 and are anticipated to extend by 5-6% by the top of the yr, in line with the Financial Times. Sherwin-Williams has additionally raised prices.

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https://gizmodo.com/were-running-out-of-blue-1847914317