The use of recycled material was previously limited to plastic products that did not require color. Luckily, new products made from post-consumer recycled (PCR) materials, like carrier resins for masterbatches from M. Holland, can be colored. These resins enable companies to incorporate recycled plastics into their sustainability strategies. Click here to read the blog post.
Soaring costs for U.S. energy producers are far from abating, according to Chesapeake Energy. Rival Devon Energy saw its shares fall 13% Wednesday on fourth-quarter forecasts clouded by higher spending on labor, materials and equipment.
France’s fuel supplies are improving despite 45% of its oil refining capacity remaining offline due to worker strikes.
Venezuelan oil production fell 25% from September to October to one of its lowest levels of the year.
Hurricane Lisa made landfall in Belize Wednesday and is forecast to bring heavy rains across Central America and Mexico in the coming days. Gulf of Mexico oil production could also be affected, forecasters say.
The Logistics Managers’ Index of capacity rose to 73.1 in October, indicating capacity grew at the fastest pace on record. Meanwhile, an index of U.S. supplier deliveries fell to 46.8 for the month, showing that manufacturing activity is slowing and deliveries are moving at the fastest pace in over a decade, according to the Institute for Supply Management.
Over 60% of American businesses have started reshoring or near-shoring their production in reaction to supply snarls and geopolitics, according to Deloitte.
Qualcomm saw quarterly sales rise 22% but warned of sharply falling demand for smartphone shipments in the months ahead.
Advanced Micro Devices forecast a 14% rise in fourth-quarter sales, a sharp contrast to expected sales declines at Intel and Nvidia.
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