Sherwin-Williams is changing its business model to adapt to the decline in demand for paint. The price of all products, from resins and polymers used to make paints to steel used to make paint cans, is increasing company costs. He fell in love with mixing paint in a part-time job during his college years, and now he brings that love of color to his large number of followers on TikTok. In a similar move to expand its capacity to meet consumer demand, PPG, a leading supplier of paints, coatings and specialty materials headquartered in the U.S.
UU. Two of the largest paint companies, Sherwin-Williams and PPG, have said that worsening supply chain shortages are affecting their ability to manufacture products. With increased demand and decreased supply, you'll have trouble finding paint for your remodeling project, and when you find it, you'll pay more. Watch the video above to learn more about how the paint supply chain works, what it takes to make paint, and why prices are rising.
The company says that many of the contractors it sells to are facing labor shortages, reducing the amount of work they can do and the amount of paint they will buy. Demand for raw materials in the paint industry skyrocketed during the pandemic, as quarantined consumers turned to DIY and home improvement projects. Like other supply chain disruptions, paint shortages are due to a number of factors around the world. Morikis announced during a company results call in late January that it expects a “very significant slowdown” in demand for its paint products. With offices in Woodburn (Oregon) and Chester (South Carolina), the company will increase Sherwin-Williams' internal resin manufacturing capabilities, according to Sherwin-Williams president and CEO, John G.
