Supply Chain Research

The Japanese government will place tariffs of up to 53% of Chinese exports of the resin used to produce PET plastic bottles. Panjiva data shows exports globally from China climbed 25% in June. That was led by a 46% jump in shipments to Japan, which reached their highest since at least 2011. Exporters including China Resource Packaging will need to find new markets, possibly in developing economies as demand in the U.S. and EU has declined.