Greif announces 2 closures, affecting 140 jobs

"Greif is making waves with tough decisions—shutting down two paperboard operations in Georgia and Massachusetts by May, impacting 140 jobs. Why? Rising costs and falling demand in key markets like books and furniture. The closures will cut 190,000 tons of capacity but streamline operations for profitability. Here’s the kicker for the paper packaging industry: With Greif shifting focus to polymers, competition in recycled fiber markets could tighten, driving innovation in lightweight, sustainable packaging solutions. It’s a shake-up that forces the sector to adapt fast!"https://www.packagingdive.com/news/greif-closures-georgia-massachusetts-140-employees-capacity/738585/

Comments

Post a Comment

Popular posts from this blog

The Middle East Has Entered the AI Group Chat

In a high-stakes summit on May 14, 2025, Donald Trump and Saudi Crown Prince Mohammed bin Salman met in Riyadh, flanked by billionaire tech moguls and fighter jets, to ink AI-driven deals aimed at reshaping global power dynamics—but what does this mean for paper packaging? Here’s the twist: as AI investments surge, expect smart packaging to explode, especially in logistics and supply chain visibility. With AI now a geopolitical bargaining chip, paper-based packaging firms must pivot fast—think embedded sensors, traceability, and data-driven design. The future of packaging just got an AI upgrade, and it’s unfolding fast.https://www.wired.com/story/trump-middle-east-artificial-intelligence-investments/
Read more

US-Saudi $142 Billion Defense Deal Sparks Questions, Few Answers

Here’s your 30-second podcast script: Buckle up, packaging pros—Trump just announced a $142 billion defense deal with Saudi Arabia, but here’s the twist: their entire defense budget is only $78 billion. Experts say much of the deal may repackage old agreements, making it more political theater than procurement. But here’s the hidden impact—if Saudi Arabia stretches its budget for defense, it could delay infrastructure and consumer investments, dampening demand for imported goods and the paper packaging they require. For converters and exporters, that’s a signal to watch Middle East logistics closely.https://www.bloomberg.com/news/articles/2025-05-15/us-saudi-142-billion-defense-deal-sparks-questions-few-answers
Read more

Student Busts Teacher Using AI, Demands Tuition Refund

Here’s a twist in the AI tale—at Northeastern University, student Ella Stapleton was shocked to find her professor using ChatGPT to design lessons, even though the syllabus banned students from doing the same. She demanded an $8000 refund, arguing she paid for human instruction, not AI-generated content. While the school denied her request, the story highlights a growing trend: educators secretly relying on AI while penalizing students for it. So what’s the ripple effect for the paper packaging industry? Expect a surge in AI-driven curriculum design in packaging engineering programs—faster content creation, yes, but also a risk of homogenized thinking. Smart companies should push for partnerships with universities to ensure real-world challenges stay at the core of education.https://www.newser.com/story/368767/college-student-busts-teacher-using-ai-demands-refund.html
Read more