MH Daily Bulletin: October 12

October 12, 2022 • Posted in Daily Bulletin

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 IWCS Cable & Connectivity Industry Forum in Providence, Rhode Island, now through Oct. 13! 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’s expert group of panelists will discuss the macroeconomic factors influencing global and domestic economies, including impacts on the plastics industry. Click here to register!

Supply

Supply Chain

German Logistics Companies Dominate the Air Cargo Sector
  • Chilean miners are looking for alternatives to rail to transport product amid a growing wave of crime in the country’s main mining region.
  • Intel is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with slowing PC sales.
  • Intel is restructuring to provide more separation between chip designers and chip-making factories, which it hopes to operate like other chip foundries in the coming years.
  • U.S. chip toolmaker KLA will stop offering some supplies to China-based customers this week to comply with the White House’s new export restrictions. Shares of Asia’s largest chip makers continued falling Tuesday, erasing some $240 billion from the sector’s global market value.
  • Adobe expects online sales during the holiday season to grow 2.5% this year to about $210 billion after expanding 8.6% last year.
  • Amazon kicked off its second major sales event of 2022 this week, spurring a flurry of discounts at other retailers and websites trying to match the trend.
  • A German trade union told its workers to strike at Amazon facilities during its major sales event this week.
  • In the latest news from the automotive industry:
  • Waymo completed autonomous-truck deliveries of Constellation Brands’ beers over several months under a test with C.H. Robinson Worldwide.
  • Chinese e-commerce logistics provider Zongteng Group is starting an international air cargo service with delivery of its first Boeing 777 freighter.
  • After four years of legislative debate, Chile has joined the 11-country Trans-Pacific Partnership trade pact, boosting access for other members to the world’s biggest miner of copper.

Domestic Markets

International Markets

IMF Cuts Global Growth Forecast as 'the Worst Is Yet to Come'

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