September 4, 2020 • Posted in Daily Bulletin, News

COVID-19 Bulletin: September 4

Good Afternoon,

More pandemic news relevant to the plastics industry:

Some sources linked are subscription services.


  • Crude prices were modestly higher in early trading today, with the WTI at $41.67/bbl and Brent at $44.3/bbl. 
  • Mexico will likely cut its production goal for state-owned Pemex in the upcoming budget as oil revenues this year are running at 56% of the 2020 goal due to low prices and production shortfalls.
  • Colorado natural gas driller Ursa Resources filed for Chapter 11 bankruptcy protection.

Supply Chain

  • Polypropylene and polyethylene supplies are extremely tight in the aftermath of Hurricane Laura.
  • Major truckers are seeing rising tonnage and spot prices as factories and retailers replenish inventories in anticipation of continued economic recovery.   
  • dangerous heat wave is expected to grip the Western U.S. over the Labor Day weekend. 
  • We anticipate the Labor Day holiday will cause roadway congestion this weekend and early next week, impacting trucking capacity, pricing and performance. 
  • The Commercial Vehicle Safety Alliance has scheduled its (USA/CAN/MEX) Roadcheck for Sept. 9th through the 11th – we expect this to reduce capacity and service levels for the week.
  • Clients are advised to provide expanded lead times on orders to help ensure delivery dates will be met.


Retailers Face Mass Extinction in Pandemic Fallout

while online retailing has soared:

COVID-19 Crisis Accelerates Shift to Online Retail
  • Campbell Soup sees sales of packaged foods easing as some consumers return to restaurants and others encounter budget constraints. 
  • A third of Big Ten athletes who have tested positive for COVID-19 suffer from myocarditis, a heart complication that can mimic the symptoms of a heart attack and lead to death. 


  • A Pew Research study finds increasing economic pessimism across the globe as the pandemic continues to spread, with two-thirds of adults surveyed saying conditions are bad. 
  • The pandemic is ravaging the economies of the world’s largest developing nations, causing contractions rivaling the Great Depression. 
  • Front-line healthcare workers have been hard hit by COVID-19:
Where Most Health Workers Have Died from COVID-19
  • As many as a quarter of Latin American university students are expected to drop out due to financial challenges, shattering the dreams of many who were the first in their families to attend college. 
  • Total infections in Brazil topped 4 million yesterday, a doubling in just two months.
  • India recorded more than 83,000 new cases, bringing total infections in the country to nearly 4 million as it closes on Brazil for the second highest case count globally.
  • New infections in Indonesia, the current epicenter for COVID-19, exceeded 3,600 yesterday, a record high, two weeks after many Indonesians traveled for their independence day holiday. 
  • Mexico auto exports were down 13.1% year over year in August and down a third through the first eight months of 2019. 
  • Former Italian prime minister Silvio Berlusconi has been hospitalized after testing positive for COVID-19 earlier this week.

Our Operations

  • We will be closed next Monday for the Labor Day holiday.
  • To access 3D Printing training, order parts and seek technical assistance, visit our new online resource.
  • Resource Center: M. Holland offers a host of resources to clients, prospects and suppliers. To arrange a videoconference or meeting, contact:
  • M. Holland’s official status statement is available here.

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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