Page 4 - CAD News Spring 2021

Chairman’s
MESSAGE

MarkFreshwater
2020-2021 CAD BOD Chair

HAPPY SPRING! I can- home and at work. Raw ships with hundreds of
not recall the last time I material supply disrup- thousands of containers
looked forward to spring tions to all color associat- at an estimated cost of
as much as I have this ed industries, including 10 billion dollars per day.
year. Spring is a season of plastics, has reached I am only referencing a
new beginnings. It brings unprecedented levels. few examples of many,
new life, longer days, The massive winter storm who could have ever im-
shorter nights, warmer in Texas shut down the agined?
temperatures, and bursts petrochemical producing
of color! region with an estimated On the bright side our
loss of resin supply of at economy continues to
Spring also brings new least 2 billion lbs. This was show signs of recovery
hope! I am hopeful that another blow to the res- and it is expected to
the next twelve months in supply chain that was continue as we cautiously
will be better than the already severely impaired await the positive impact
previous twelve. The im- by the many force ma- of Covid vaccinations. I
pact of the global pan- jeures declared due to the am also very happy to re-
demic has been much pandemic. A huge con- port that as of this writing
greater than one could tainer ship with 20,000 writing we are planning
have ever anticipated containers of goods and for a live RETEC confer-
when it was first an- raw materials got stuck in ence in Atlanta Septem-
nounced. It has changed the Suez Canal backing ber 19th-22nd. “Color on
our behaviors both at up 400 plus additional My Mind” is the theme

4 CAD News