More COVID-19 news relevant to the plastics industry:
Optimism about oil production cuts and the reopening of many national economies led to a fifth straight day of price gains, with the WTI up more than 10% to $22.57/bbl in early trading and Brent crude up nearly 8% to $29.29/bbl.
With an estimated 40% of global raw materials now sourced through recycling, the pause in recycling caused by COVID-19 is creating supply chain challenges in many industries.
Widespread fears of COVID-19 could present a hurdle to an economic recovery, as more than two-thirds of respondents in a recent survey expressed reluctance to resume clothes shopping or frequent sit-down restaurants.
Debate concerning a fourth round of federal economic recovery legislation centers on whether it should include protection for businesses against lawsuits and aid for state and local governments.
The U.S. Treasury said that it will borrow $4.5 trillion this year to fund the pre-COVID-19 deficits and its pandemic response.
In April, Western economies suffered their worst monthly decline in factory activity in history.
Purchasing Manager Index (PMI) readings across ASEAN nations fell to historic lows in April, even with China’s resumption of manufacturing.
New COVID-19 cases in Brazil are pacing at 5,000 per day; the country, which has shunned social-distancing restrictions, passed China in the number of infections and fatalities from the pandemic.
As states move to reopen their economies, we are in the process of developing firm protocols for our commercial and technical teams to resume client site visits on a restricted basis.
Our Healthcare team is offering video conferences for clients seeking advice on medical material selection, manufacturing and regulations. To schedule a meeting, contact Global Healthcare Market Manager Josh Blackmore.
To access 3D printing training, order parts and seek technical assistance, visit our new online resource.
M. Holland is fully operational and prepared to meet client needs for materials, material selection, logistics services and technical support.
We have issued the following status statement:
In accordance with the guidance provided by the U.S. Department of Homeland Security Cybersecurity & Infrastructure Security Agency (CISA), M. Holland Company is considered a member of a critical infrastructure industry and will therefore remain operative. As such, with any necessary accommodations made to ensure the health and safety of our staff and business partners, we will continue to fully perform our normal business operations.
M. Holland Company
We will provide further COVID-19 bulletins as circumstances dictate. For all COVID-19 updates and notices, please refer to the M. Holland website.