COVID-19 Bulletin: September 29

September 29, 2020 • Posted in News

Good Afternoon,

More news relevant to the plastics industry:

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Supply

  • Oil prices are expected to trade in a narrow range for the remainder of the year due to demand uncertainty as a result of the pandemic.
  • Crude prices were lower in early trading today with the WTI at $40.26/bbl and Brent at $42.15/bbl.
  • Alberta, Canada’s battered oil sector is encouraged by the White House’s plan to approve a $22 billion railway between Alberta and Alaska.
  • Total acquired London’s leading car charging network as it continues to transition from fossil fuels.

Supply Chain

  • California’s governor declared a state of emergency for Napa, Sonoma and Shasta counties as wildfires killed three people and forced the evacuation of tens of thousands.
  • Shipping giant CMA CGM was hit by a ransomware attack yesterday; all four of the largest shipping companies have suffered cyberattacks in the past four years.
  • Uber can continue operating in London after a successful court challenge of the city’s refusal to renew its operating license.
  • Uber may acquire Free Now, BMW’s ride-hailing service, which would strengthen its position in Europe and Latin America.
  • Trucking capacity remains tight throughout the U.S., and spot pricing remains elevated.
  • Clients are advised to provide expanded lead times on orders to help ensure delivery dates will be met.

Markets

US Airlines Hit Turbulence Amid COVID-19 Pandemic
  • Leading RV manufacturer Thor Industries reported record backlogs and a bright outlook for the industry as a younger generation embraces recreational vehicles during the pandemic.
  • Christmas shopping is expected to be up this year, with lavish spending by those with jobs and wealth and an austere holiday for those without.
  • Nearly half of Americans have already begun Christmas shopping out of boredom due to the pandemic.
  • Smoke damage from wildfires in major cannabis-growing counties in California and Oregon is ravishing this year’s outdoor crop as vape companies experience record demand during the pandemic.
  • The pandemic has prompted a surge in interest in elective weight reduction surgery among overweight people seeking to reduce their cardiovascular risks from COVID-19.
  • Doctors and nurses with Universal Health Services, which operates 250 healthcare facilities, had to resort to paper yesterday when hackers took down its nationwide computer system.
  • Hackers disclosed private student data after the Las Vegas, Nevada, school district refused to submit to ransomware.
  • To counter “Zoom fatigue,” many employers are instituting bans on meetings for periods of time, including M. Holland, which has instituted no-meeting Fridays for internal video meetings.
  • A recent survey of nearly 800 event planners found that 84% would not feel comfortable attending events indoors.
  • Nearly a year after the professional hockey season began, the Tampa Bay Lightning beat the Dallas Stars to win the Stanley Cup in Edmonton, Alberta’s nearly empty hockey stadium.

International

  • Global COVID-19 deaths surpassed 1 million yesterday. 
  • The European Community’s Economic Index rose to 91.1 in September, its fifth month of improvement, but remains 30% below pre-pandemic levels.
  • India became the second nation behind the U.S. with total COVID-19 infections of more than 6 million.
  • COVID-19 infections are rising across Europe:
Coronavirus Returns to Europe

Our Operations

  • To access 3D Printing training, order parts and seek technical assistance, visit our new online resource.
  • 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.

Thank you,

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.

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