During M. Holland’s recent summer internship program, 15 bright college students worked both in-person and remotely across many departments. Click here to read more about their experiences at M. Holland and their perspectives on the plastics industry.
M. Holland’s latest logistics outlook examines current challenges and industry trends that are impacting shipping, trucking and rail. Although the plastics industry is faring a little better than earlier this year, M. Holland’s experts predict disruption to continue well into 2023. Click here to read the full outlook for the remainder of 2022.
Brazil’s Petrobras will cut gasoline prices by 7% today, the fourth price reduction since mid-July.
France’s president indicated a Western nuclear deal with Iran could come within days, potentially unlocking more of the nation’s crude for export. However, the U.S. said Iran’s written response to a draft agreement was “not constructive.”
Solar panel shipments in the U.S. hit a record high in 2021, representing 28.8 million kilowatts of capacity:
More U.S. retailers are beginning to turn their supply chains into dual-purpose logistics services, echoing a strategy championed by Amazon to offer third-party fulfillment alongside delivering its own products.
The world’s largest electronics market in China’s Huaqiangbei subdistrict remains shut due to expanding COVID-19 curbs in Shenzhen.
Shares of U.S. computer chip maker Nvidia plummeted 11% Thursday after the firm and Advanced Micro Devices said U.S. officials told them to stop exporting cutting-edge processors for artificial intelligence to China.
Electric vehicle maker Polestar saw quarterly revenue double in the first half of the year while warning it may have to keep raising prices to offset rising material costs.
Hyundai and Kia — whose electric vehicle sales surged past rival automakers this year — stand to lose the most from the U.S.’s updated rules that require vehicles to be built in North America to qualify for thousands in consumer tax rebates.
U.S. miners and automakers are lobbying the federal government to cut permit times for new mines in a bid to boost domestic production of electric vehicle minerals.
Bridgestone will spend $550 million to expand a Tennessee plant to help meet growing demand in the trucking industry for “smart” tires, which are equipped with digital tags that can monitor tire conditions in real time.
The CDC gave final approval to the first updated COVID-19 booster doses since the beginning of the pandemic Thursday. The new shots will target the fast-spreading BA.5 subvariant of Omicron ahead of a possible virus surge this winter and could be ready for shipment within days.
The U.S. unemployment rate inched higher to 3.7% and employers added 315,000 jobs in August in a positive government jobs report that sent stock futures higher in pre-market trading.
U.S. worker productivity plunged 4.1% in the second quarter, the largest year-over-year decline on record as labor costs continue to rise and firms grapple with rampant inexperience due to a shortage of qualified workers.
An index of U.S. factory activity was unchanged at 52.8 in August, still the lowest reading since June 2020, according to the Institute for Supply Management.
Travel disruption is likely to surge in the U.S. this Labor Day weekend as early data point to a 22% increase in consumer spending on air travel, cars, cruises, hotels and tours, according to AAA.
The southern Chinese tech hub of Shenzhen tightened curbs Thursday as COVID-19 infections continue to mount. The southwestern metropolis of Chengdu also launched a four-day lockdown so that it can test its 21.2 million residents for the virus.
Hong Kong reported 10,586 new COVID-19 cases Thursday, leading to fears of tightened restrictions.
Britain’s competition watchdogs have flagged Microsoft’s proposed $69 billion acquisition of “Call of Duty” maker Activision Blizzard, saying the deal would give too much control over consoles and cloud gaming to Microsoft.
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