🖌️ Demand for raw materials in the paint industry soared over the COVID pandemic as quarantined consumers took to DIY projects and home improvement. But supply just couldn't keep up.
"To make a gallon of paint the exact same as the next one, you have to have that same amount of color pigment in it," Tony Piloseno told CNBC.
Piloseno started his own paint company and now works with Florida Paints. He fell in love with mixing paint at a part-time job during his college years, and now he brings that love of color to his large TikTok following.So far the higher prices haven't put a lid on sales. Indeed, producer prices for painting and coating manufacturing rose 15.7% in December 2021 from a year ago. For comparison, on a 12-month basis, the producer price index was up 9.
"If nothing else happens in the chemical supply chain, we're forecasting the fourth quarter of 2022, and possibly into the first quarter of 2023, before we see some sort of normal," said Dan Murad, CEO of the ChemQuest Group. Watch the video above to learn more about how the paint supply chain works, what it takes to manufacture paint and why prices are rising.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Why you hate going back to work after vacationThere could be multiple reasons for your post-vacation blues. Here's how to identify them and make going back to work a little bit easier.
Leer más »
Here’s why there was an $11.7M gold cube in the middle of Central ParkHow it was protected is a bit intriguing as well. 🤔 engineering
Leer más »
Why buying a car is still such a miserable experience right nowCar buyers today continue to face fewer choices and much higher prices - and cheap vehicles are especially hard to find. It's not just that there are fewer cars; the ones being made are fancier, too.
Leer más »
Explainer: Why should shipping come under the EU's carbon trading system?The European Commission has proposed adding shipping to the bloc's carbon market for the first time, in a move that is set to shake up the industry after years of avoiding pollution charges by the bloc.
Leer más »
Why being pregnant and unvaccinated against COVID-19 is a risky comboDuring pregnancy, “Lots of aspects of your physiology are kind of maxed out ... operating at the edge of what your body can do.” Adding an infection with SARS-CoV-2 can push the body over that edge.
Leer más »
Why My Husband And I Don’t Eat Dinner With Our KidsFormal dinner time with my husband is my time with him. Not my kids’ time with him. Not time for family togetherness.
Leer más »