Deprived of oil supplies from Venezuela and confronting reduced supplies from OPEC+, U.S. refiners have quietly turned to Russia, now the country’s third largest oil supplier, despite federal government policy favoring energy independence and urging Europe to limit Russian supplies.
Europe’s oil majors are far outpacing their U.S. rivals in investing in green energy.
Our most recent list of force majeure and allocation announcements from suppliers is here.
A shortage of corrugated material is requiring some suppliers to ship in boxes that may not be stackable. Such unstackable packaging should be clearly marked. In the interest of safety, we urge clients and our fulfillment partners to notify anyone involved in logistics operations to be mindful of the shortage and careful to heed warning labels that may appear on resin containers.
Logistics conditions remain strained, with trucking demand exceeding availability and continued congestion at ports due in part to operating challenges related to the pandemic. Clients are advised to provide expanded lead times on orders to help ensure delivery dates.
There were 52,878 new COVID-19 cases and 894 deaths in the U.S. yesterday. Over 128 million vaccine doses have been administered, with 13.2% of the population fully vaccinated.
Michigan’s COVID-19 infections were up 300% last week compared with the prior-month period, and its testing positivity rate has risen to 9%, raising concerns among health officials that the state could be a bellwether for the nation.
In a role reversal from early in the pandemic, the U.S. has become the envy of Europe for its aggressive vaccination campaign and surging economic recovery.
A new study by Northwestern University reveals that 85% of COVID-19 “long haulers,” those suffering prolonged symptoms after recovering, experience at least four neurological symptoms, which could include brain fog, headaches, numbness or tingling, and loss of taste and smell.
Researchers at Northwestern University recently developed “electronic skin” made from polymers connected to a circuit that can monitor the wearer’s vital signs and detect possible early signs of COVID-19 infection.
AstraZeneca hopes to release updated test data within 48 hours after U.S. health officials questioned results earlier this week showing the company’s vaccine is 79% effective.
The IRS has issued guidance on a new unemployment tax break that will allow workers to exclude jobless benefits from their calculation of modified adjusted gross income, allowing more people to qualify.
Creating a coronavirus passport system is proving to be a technical challenge, as systems must be secure, privacy protective and able to communicate with other platforms.
There are growing concerns that vaccine passports allowing access to public venues could further disadvantage and isolate the poor, who may lack access to inoculations and mobile passport apps.
Germany will borrow nearly $290 billion this year and lift constitutional borrowing limits for a third straight year in 2022 to counter the economic impact of the persistent pandemic.
Private sector economic activity rose in Europe for the first time in six months in March, with a boom in manufacturing activity offsetting the lagging services sector and contributing to the highest rise in input costs in a decade.
German manufacturing activity rose at a record pace and its services sector grew for the first time in six months.
The Purchasing Managers’ Index (PMI) for France hit a better-than-expected 49.5, still below the threshold of 50 indicating economic growth, with strength in the manufacturing sector offset by moribund activity in services.
The composite PMI for the U.K. hit a seven-month high of 56.6, well above expectations, as business confidence improved due to an aggressive vaccine rollout.
M. Holland’s 3D Printing group offers a rapid response alternative for producing selected parts where resin availability is tight during prevailing force majeure. For more information, email our 3D Printing team.
M. Holland is proud to be named among the Plastics News Best Places to Work again this year. We also were recently named among the Best Places to Work by Crain’s Chicago Business.
Market Expertise: M. Holland offers a host of resources to clients, prospects and suppliers across nine strategic markets. To arrange a videoconference or meeting with any of our Market Managers, please visit our website.
M. Holland Company
We will provide further COVID-19 bulletins as circumstances dictate. For all COVID-19 updates and notices, please refer to the M. Holland website.
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