October 5, 2022 • Posted in Daily Bulletin

MH Daily Bulletin: October 5

News relevant to the plastics industry:

At M. Holland

  • Plastics News interviewed experts at M. Holland about how material and chemical suppliers are working to meet automotive OEM demands for both electric and internal combustion vehicles amid an ongoing market shift. Click here to read the article!
  • M. Holland is a Gold Sponsor of the SPE Automotive TPO Engineered Polyolefins Global Conference happening this week in Troy, Michigan. If you’re planning to attend, please stop by M. Holland’s booth to meet our Automotive team!
  • We are sponsoring MAPP’s Benchmarking & Best Practices Conference in Indianapolis on Oct. 5-7! If you’re planning to attend, don’t forget to stop by M. Holland’s booth and tune in for our session featuring Debbie Prenatt, Market Manager, Sustainability. Click here to read more.
  • Come see us at the IWCS Cable & Connectivity Industry Forum in Providence, Rhode Island, on Oct. 10-13! M. Holland is a Gold Sponsor. If you are attending, please stop by Booth #113 to discuss our materials and offerings serving the wire and cable market.
  • At our Plastics Reflections Web Series event on Oct. 13, M. Holland will host panelists from Maersk and Bank of America to discuss the macroeconomic factors influencing global and domestic economies, including impacts on the plastics industry. Click here to register!
  • M. Holland’s latest press release features our post-consumer recycled (PCR) resins, which are cleaner and easier to color, enabling brand owners and OEMs to meet aggressive sustainability goals. Click here to read the full press release.


Supply Chain

  • In extreme weather news:
    • Hurricane Ian’s death toll reached 103 on Tuesday, while 391,000 Florida homes and businesses remained without power.
    • Hurricane Ian could be the second most expensive storm by insured monetary losses in U.S. history.
The Costliest Hurricanes to Insurers

Domestic Markets

United States Job Openings
  • Real wages for a majority of U.S. workers have declined 8.5% when factoring for inflation, according to the Dallas Fed.
  • Ninety-one percent of 400 large-company CEOs surveyed expect a recession in the U.S. in the next 12 months. 
  • New orders for U.S.-manufactured goods were flat in August:
United States Factory Orders
  • Manhattan co-op and condo sales dropped 3.7% in the third quarter and more than 18% from a year ago amid a housing market cooldown.
  • NYC office leasing rose 27.6% in the third quarter, the strongest quarterly gain since 2019.
  • Top U.S. MBA programs are seeing enrollment fall over 10% as potential students choose to stay in the workforce.
  • Hasbro lowered its full-year outlook and warned third-quarter revenue likely fell 15% due to impacts of inflation and currency fluctuations.
  • Bayer has won five consecutive lawsuits targeting its Roundup weedkiller, a shift in momentum after the firm set aside $16 billion for settlements.

International Markets

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