Hundreds of millions in losses are set to mount for the reinsurance industry, which is already on the hook for natural disasters such as winter storms in the U.S. and flooding in Australia.
The Ever Given, the biggest container ship ever made when it launched in 2018 with a capacity of more than 21,000 TEUs, is small compared with next generation 25,000- and 30,000-TEU vessels now planned by ship builders.
The global semiconductor shortage continues to affect industries:
Automotive chipmaker Renesas Electronics, which suffered a fire at a factory in Japan on March 19, said there was more damage to the facility than originally estimated, and full production may not be restored for four months.
Robot maker Boston Dynamics has developed its first single-use robot, “Stretch,” which can move around tight spaces in existing warehouses and pick up and move boxes at a rate of 800 cases per hour.
Logistics conditions remain strained, with trucking demand exceeding availability and continued congestion at ports due in part to operating challenges related to the pandemic. Clients are advised to provide expanded lead times on orders to help ensure delivery dates.
There were 69,417 new COVID-19 cases and 701 deaths in the U.S. yesterday. Over 145 million vaccine doses have been administered, with 15.1% of the population fully vaccinated.
COVID-19 hospitalizations are climbing in 25 states, the latest indication of a fourth wave of infections.
Amazon is setting up COVID-19 vaccination clinics at its U.S. warehouses for employees.
A pair of experimental COVID-19 treatments produced positive results in clinical trials — one is made by Humanigen for hospitalized patients and the other by Eli Lilly, Vir Biotechnology and GlaxoSmithKline for patients with mild to moderate symptoms.
M. Holland will be closed on April 2 (Good Friday) in observance of the Easter holiday.
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.
M. Holland is proud to be named among the Plastics News Best Places to Work again this year. We also were recently named among the Best Places to Work by Crain’s Chicago Business.
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.