The chief executive of Pact Group, the packaging company that is 44 per cent owned by Rich Lister Raphael Geminder, says a revival of the business is on track but a blowout in shipping costs of up to 150 per cent is causing short-term headaches.
Sanjay Dayal said supply chain bottlenecks and a sharp increase in shipping costs is affecting many manufacturers in Australia and causing some anxious moments as he attempts to accelerate a reinvigoration of the business.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
