Q3 Paper Outlook — Beaten to a Pulp

Pass-through Costs

"Paper prices, when compared year-to-year, have dropped off rather dramatically," explains Addis Hilliker, vice president of supply chain management for Banta. "We treat paper as a pass-through cost so, as paper prices have dropped, our total sales revenue has dropped. In the last year, the price drops have been across the board, in all grades.