$PACKAGING - Packaging sector faces significant headwinds with box shipments down 12% from pandemic highs, massive global oversupply of 50 million tons of containerboard, and analyst forecasting continued weakness driven by consumer goods recession
$RETAIL - Retail sector expected to remain challenged with forecasted 2.5-3% decline for full year, weak holiday outlook, and consumer financial stress from record credit card debt levels limiting spending power
$FOOD - Food producers showing weakness with manufactured food box usage down 3.7% and combined food/beverage packaging declining over 4%, indicating volume pressure in the sector