Greif counting on pandemic recovery after supply chain restructuring — Panjiva
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Greif counting on pandemic recovery after supply chain restructuring

China 3049 Earnings 759 Materials - Chemicals 273 Materials - Packaging 59 Quote Watch 452 U.S. 5400

Industrial packaging maker Greif reported FQ4’20 (to Oct. 31) revenues which fell by 5.7% year over year. The firm has aimed to cut costs by reducing inventories, shown by U.S. seaborne imports linked to the firm which fell by 36.9% year over year in the three months to Oct. 31. Greif’s CEO, Peter Watson, has stated that the firm is “well positioned to benefit as the industrial economy improves and as COVID recovery takes place and this planned plastic capital expansions ramp up.” The firm has also had to navigate a restructuring of its supply chain with the sh...

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