• October 6, 2024

Heinz-Glas, the world’s largest glass perfume bottle producer in Germany, is facing a whole new crisis. So far, they survived two world wars and 1970 oil crisis. Currently, this is the largest energy emergency the family-owned company has ever faced, with Russia and Ukraine war going on, the pipeline of gas flowing from Russia has cut off by 80 percent. This is to weaken Europe’s biggest economy from supporting Ukraine. The company has been making an annual revenue of around 300 millions euros and is exporting around 80% of the production output. With the Russia invasion of Ukraine, this may no longer possible.
Berlin, Germany is struggling to look for another energy source to replace gas which was once 55 percent of its total gas imports. This has caused energy prices to soar up to 10 to 20 times. This is not only the case with Heinz-Glas, many of Germany’s industries are affected by the reduced gas supply. As such, they are looking at alternatives as well as the government has warned that Russian gas may be cut off entirely.
Germany ‘s largest chemical company, BASF is looking towards fuel oil for its second largest factory in Germany. While Henkel, is considering work from home arrangements to save energy resources for production. Regardless, the total halt of Russia gas flow will have devastating consequences for many industries in Russia.
Heinz-Glas produces nearly 70 tonnes of small glass bottles for perfumes in French group L’Oreal. This could have major impact on supply chain issues for L’Oreal. As lack of production from Germany as well as increased cost of energy will bring up prices of glass bottles, consumers may see shortage of products or price increases in their favourite perfumes.
A crisis for one may present an opportunity for another. Glass manufacturers from other countries may have a new door open for them, as L’Oreal will likely source for alternative producers to fill this gap. Exporters of glass from other parts of the world will see this new opportunity of importers as many companies will search for new exporters instead of Germany.
You can learn more about finding buyers for your export products here: https://blog.tradedata.pro/how-to-find-buyers-for-your-export-products/

The most trustable and reliable source for Trade Data.

Trade Data Pro is proudly made in Singapore. Singapore has been one of the world’s most politically stable countries, with an open and trade-driven economy. Trade Data Pro is presented by CIC, a government-linked company in Singapore CIC is a Join Venture of Zall Smartcom, SGX and GeTS.) Since the launch of Trade Data Pro in 2018, Trade Data Pro has received overwhelmingly positive remarks from market. This is because Trade Data Pro has wide coverage, low cost, and fast response. There are many leading companies from different industries that have subscribed to Trade Data Pro . Trade Data Pro was awarded with Singapore Quality Class in 2020 and Stevie Award Gold in 2021.
Businesses need information to reveal trends, identify market opportunities, track competitors buyers and suppliers, and better understand supply chain potential. Finding these critical data has traditionally been challenging. But this information do exist, but as part of government import and export filing requirement. The detailed shipment information which are within these filings constructions the core of the global trade. Trade Data Pro has gathered and packaged these information as business intelligence. Our solution helps companies understand the flow of goods across borders and features the world’s largest searchable trade database. We do the heavy lifting for you by reviewing, standardizing, and cleaning data, then delivering in an intuitive format.
If you want to learn how to use Trade Data Pro or request an online demo to improve your business, please contact us or email us at: sales@cic-tp.com