Sonoco’s ‘transformation is complete,’ CEO says. What’s next?

Geopolitical uncertainty and tariffs could affect the company’s ability to meet all of its projections in 2026, said James Harrell, president of industrial paper packaging. But growth in data centers and artificial intelligence is expected to boost Sonoco’s industrial sector, he said, as should customer preference for recycled packaging to meet sustainability goals.Executives outlined a three-year plan. One target is for net leverage of lower than 2.5x by the end of 2028. Executives anticipate capital expen ...