Is this related to the Bemis acquisition? I am surprised to see that Amcor would be outsourcing some of its distribution to other partners. I understand in this situation it may make sense - being a very niche product, and Scott providing the screw-cap lid for high end wine seems (clearly need to work together for the full product) - but Amcor would ordinarily have direct relations with its customers?
Very bullish on Amcor's innovation lab. The wave of new packaging products coming through the market is very impressive, and Amcor has remained at the front end. This could provide quite a few years of tailwind as consumers demand more environmentally friendly packaging, and manufacturers (Amcor's customers) are needing to keep pace. They are essentially outsourcing their ESG and innovation to Amcor, who are getting a small price premium for it (compare their margins to other large scale packaging providers).
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Is this related to the Bemis acquisition? I am surprised to see...
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