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An employee places a lid on a tin of ready mixed blue paint inside a
paints and coatings factory in the Netherlands. (Photographer: Jasper
Juinen/Bloomberg)

Paintmakers Are Running Out of the Color Blue 

  * Tara Patel

6:14 PM IST, 20 Oct 202110:28 PM IST, 20 Oct 20216:14 PM IST, 20 Oct
202110:28 PM IST, 20 Oct 2021
Save
(Bloomberg) -- Dutch paint maker Akzo Nobel NV is running out of
ingredients to make some shades of blue, the latest fallout from the
global supply-chain disruptions that are spreading across
manufacturers.

(Bloomberg) -- Dutch paint maker Akzo Nobel NV is running out of
ingredients to make some shades of blue, the latest fallout from the
global supply-chain disruptions that are spreading across
manufacturers.

"There is one basic color tint that is extremely difficult to get,"
Chief Executive Officer Thierry Vanlancker said in an interview
Wednesday after publishing third-quarter earnings. "It's creating
complete chaos."

In addition to the bluish hue, Akzo Nobel is having trouble sourcing
the tinplate used to make metal cans, forcing the Amsterdam-based
company to ship empty pots from one country to another for filling.
It also called a force majeure on deliveries of some exterior wall
paints because an additive needed to make them waterproof is
unavailable.

The supply-chain snarls that have sown disarray across industries are
raising prices and creating shortages of some basic household
products. Paint makers, which typically rely on hundreds of additives
and chemicals, have warned for months of higher costs and logistical
issues.

Akzo Nobel earlier Wednesday said the spiraling costs and materials
shortages will last through the middle of next year.

While demand is coming back to 2019 levels as some countries appear
to be getting past the worst of the pandemic, the installed capacity
for making raw materials hasn't changed, Vanlancker said.

"There isn't really a reason why this big panic is happening," the
CEO said. "This should be a transient situation that could take six
to nine months to get back to normal, but there is no fundamental
reason why there would be a lasting supply and demand imbalance."

(c)2021 Bloomberg L.P.

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