Packaging firm DS Smith says firms are back buying its boxes as inflation pressures ease

Logo Daily MailDaily Mail
2023-09-05 12:05:01  • 2 mins

DS Smith has revealed that trading since the start of May had been in line with anticipations amidst a more difficult economic backdrop.

The packaging supplier, whose customers include Tesco, Nestl, and Amazon, said its performance had continued to benefit from price hikes and controlling costs.

It noted that corrugated box volumes had improved on a like-for-like basis, aided by 'clear signs' of clients expanding their inventories, even as they remained down on the previous year's levels.

Packaging companies gained handsomely during the early stages of the Covid-19 pandemic from a surge in cardboard box orders as consumers across the world ordered more retail goods online.

Trading inevitably slowed as the loosening of curbs resulted in shoppers making more purchases in stores again.

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