Amcor

Contract structures often include pass‑through mechanisms for resins, films, paper and aluminum, which helps protect dollar margins over time but caps true pricing power and can introduce lag risk.

Mix improvements toward healthcare, dispensing and advanced solutions help, yet structural over‑earning from price is unlikely in a competitive, spec‑like industry. Management has acknowledged North America beverage headwinds and is reviewing non‑core assets, which underscores limited ability to price through inefficiencies.

Overall we see modest pricing power with pockets of strength.