As businesses adjust to the pandemic era, the June Logistics Managers’ Index revealed a rapid expansion of inventories and a contraction of trucking capacity.
We continue to experience challenges with truck deliveries, particularly LTL shipments, due to labor shortages and operational delays caused by COVID-19 protocols. Clients are advised to provide expanded lead times on orders to help assure delivery dates will be met.
Oxford University’s experimental vaccine for COVID-19 has prompted an immune response in early testing, providing hope for an approval late this year as the drug enters late-stage trials in Brazil, South Africa and the U.S.
Recent research suggests that the fatality rate for COVID-19 is between 0.3% and 1.5% of those infected, slightly higher than the flu, but the virus can have debilitating long-term effects on survivors.
The U.S. ranks third among nations for the severity of COVID-19 infections:
Lawmakers, in designing the next tranche of economic relief, are considering accelerating the use of tax credits, which could free up billions in cash for corporations.
Companies are delaying reopening and reviewing return-to-work protocols after the World Health Organization raised concerns about the possible aerosol spread of COVID-19, in which respiratory droplets can remain airborne for hours.
Twenty-eight states now have face mask mandates, but the lack of a unified governmental policy regarding face coverings has many companies imposing their own mandates:
Hotel chains Hilton, Hyatt, IHG, Loews Hotels, Marriott, Radisson and Wyndham will mandate masks and social distancing.
Delta Air Lines will require passengers with medical conditions preventing them from wearing masks to obtain a formal exemption in the airlines new Clearance to Fly process.
Winn-Dixie reversed course and announced yesterday that it will join other major grocery chains in requiring face masks.
In May, Israeli materials company Tosaf acquired Vision Color.
Volvo is weeks away from opening its Ridgeville, South Carolina, plant due to part shortages from Mexico and lackluster demand for sedans. The plant initially closed in late March, reopened May 11 and closed again three weeks later.
Demand for electrical distributors fell a higher-than-expected 15.7% in the second quarter, while Datacom distribution was off 14.8%.
As with historic pandemics, COVID-19 is likely to prompt changes in architecture and civil engineering, including a shift to streamlined and aerodynamic designs of the 1920s and 1930s.
Researchers in the U.K. and Europe have developed a ceramic reinforced aluminum called Proteus that is 15% the density of steel but cannot be cut.
COVID-19 deaths in the U.S. topped 140,000 yesterday.
The European Union reached a deal on a 750 billion euro economic recovery package after four days of negotiations.
China has successfully tamped down the cluster that emerged in Beijing last month, with mainland infections down to just 21 yesterday.
Real wages in the U.K. have fallen 4.5% during the pandemic, the biggest decline in buying power since the oil crisis sent inflation soaring during the 1970s.
COVID-19’s economic impact reached the Beefeaters corps that has guarded the Tower of London for 535 years as it faces its first job cuts in history due to the collapse of U.K. tourism.
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