A new study suggests that Switzerland needs to invest 2% of its GDP annually over the next three decades to reach net-zero emissions by 2050.
Tesla is partnering with two Japanese energy companies to use its Megapack battery technology to build an energy storage facility in Northern Japan with capacity to power 500 homes.
Our most recent list of force majeure and allocation announcements from suppliers is here.
Tropical Storm Henri is expected to strengthen into a hurricane over the western Atlantic before brushing New England and Long Island with heavy rains and storm surges through early next week.
Hurricane Grace made landfall on Mexico’s Caribbean coast Thursday, with heavy rain and potential flooding expected to last through today. The storm is expected to gain strength in the Gulf of Mexico before hitting Mexico’s mainland late today or early Saturday.
Strong winds in Northern California enlarged the state’s Dixie Fire to more than 678,000 acres Thursday with just 35% containment. The state’s Caldor Fire grew to more than 65,000 acres Thursday with zero containment.
Roughly 60% of Minnesota’s streams and rivers are flowing at or near record lows amid unusual drought conditions, prompting state officials to impose water restrictions in some areas. North Dakota also is experiencing drought, hampering production of some of the state’s staple food products.
Portions of China’s Ningbo port, the world’s third busiest, are expected to remain closed the rest of August following last week’s COVID-19-induced shutdown. A growing number of ships have lined up outside the port, with the expectation of cascading crowding at other ports along Asia-Europe and trans-Pacific routes.
Most German businesses expect supply chain disruptions to persist into 2022, survey results show.
The Baltic Dry Index, which tracks rates for ships carrying dry bulk commodities, rose for an eighth straight session Thursday to its highest measure in 12 years.
Toyota, so far resilient against the global semiconductor shortage, announced forecasts of a 90,000-vehicle production loss in August and a 40% production loss in September due to supply disruptions.
The global semiconductor chip shortage is expected to reduce global auto production by 7.1 million vehicles this year.
Maersk inked a contract to obtain “green” methanol for its first carbon-neutral ship scheduled to launch in 2023, part of the company’s pledge to have a carbon-neutral fleet by 2030.
The U.S. reported 138,472 new COVID-19 infections and 908 virus deaths Thursday, approaching highs not seen since February.
More than 1 million COVID-19 shots were administered in the U.S. yesterday, the highest daily vaccination total in nearly two months.
The White House defended its decision to provide COVID-19 booster shots to Americans after criticism from the World Health Organization, which argues vaccine priority should be given to low-income nations.
Florida saw 23,335 new COVID-19 infections Wednesday, while total virus hospitalizations in the state rose to a record 16,973.
Ohio’s three-week moving average for new COVID-19 cases rose to 2,140, the highest since March.
At least 29 people awaited ICU beds in Alabama yesterday, as the state’s hospitals surpassed maximum capacity due to a flood of COVID-19 patients. More than 260 infected children were admitted to the state’s hospitals last week, the highest rate in the nation.
ICU beds in Tennessee are almost entirely full, as the state reported an eightfold surge of COVID-19 patients between July 1 and Aug. 15.
Texas’ Supreme Court clashed with the state’s governor, issuing a new ruling that will temporarily allow schools to keep mask mandates over the administration’s recent order. The CEO of the Texas Medical Center, the largest medical complex in the world, says that 18% of the state’s new COVID-19 cases are among children, while health experts predict virus deaths will continue rising over the next several weeks.
Airbnb said it expects bookings to slow from the second quarter and stay below pre-pandemic levels amid the resurgence of COVID-19 in the U.S.
Cosmetics demand is surging after a year of pandemic lockdowns, with Estee Lauder raising its forecast for 2022.
Amazon announced plans to open several retail stores in the U.S. that will operate like department stores as the company expands its reach into brick-and-mortar retail.
U.S. department stores Macy’s and Kohl’s both reported strong second-quarter net sales amid a recent uptick in consumer spending following the country’s gradual reopening of offices, prompting both firms to raise sales and profit forecasts for the year.
Researchers in Thailand are studying the possibility of administering COVID-19 shots under the skin of vaccine recipients, a process that could provide the same level of immunity while using less of a dose, hoping to stretch the nation’s limited supply of vaccines. The country reported nearly 21,000 new infections Thursday.
A recent British study suggests existing COVID-19 vaccines are less effective against the highly contagious Delta variant, with the protection beginning to wane within 90 days after the final dosage.
Taiwan’s export orders, a proxy for global tech demand, rose 21.4% from a year earlier to $55.3 billion in July, the 17th month of expansion and higher than analyst expectations.
Spending on U.K. credit and debit cards fell to 94% of its pre-pandemic level the week ended Aug. 12, a 5% drop compared to a week earlier, while national retail spending fell 2.5% from June to July.
At M. Holland
Matt Zessin, our Automotive Market Manager, was interviewed about materials trends for electric vehicles on the Automotive News Daily Drive podcast, accessible here.
What’s the outlook for plastics supply and the global supply chain? Join us for our next Plastics Reflections Web Series. Our distinguished panel will include guests from Business Publishing International, MTS Logistics and LyondellBasell. Register here for the event on Thursday, Aug. 26 at 1:00 pm CT/2:00 pm ET.
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.
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.
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We will provide further COVID-19 bulletins as circumstances dictate. For all COVID-19 updates and notices, please refer to the M. Holland website.