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Delta variant
‘A major forecast haircut in a period of ripping demand’
The lingering shortage of semiconductors, the spread of the delta variant of COVID and constrained supplies of other components led ACT Research to dramatically reduce its projection for heavy-duty truck production on Friday.
The Columbus, Indiana-based business management consultancy lowered its Class 8 truck production forecast from 308,000 to 265,000 with “additional downside risk,” Kenny Vieth, ACT president and senior analyst, told FreightWaves.
“For North America heavy trucks, the result...
https://www.freightwaves.com/news/a-major-forecast-haircut-in-a-period-of-ripping-demand
Delta adds uncertainty to health care supply chain
This is an excerpt from Medically Necessary, a health care supply chain newsletter. Subscribe here.
The challenge: Near the end of June, the number of COVID-19 cases in the U.S. reached the lowest levels since the spring of 2020, and demand for elective procedures and prescription drugs had essentially returned to pre-pandemic levels.
Some companies were designing game plans for transitioning to a post-pandemic environment with lower case numbers.
In July, COVID-19 cases, driven by the more...
https://www.freightwaves.com/news/delta-adds-uncertainty-to-health-care-supply-chain
Hot M&A market plus delta variant equals unusual time in logistics
It’s safe to say that stakeholders across the supply chain imagined that by the third quarter of 2021, the capacity crunch facing air, sea and ground transportation would’ve loosened.
“We’re all trying to do our best to be prognosticators, as industry veterans are even surprised by what’s going on right now,” said Vaughn Moore, president and CEO of AIT Worldwide Logistics. “We won’t see any real solution to it until Q2 of next year at the earliest.”
With the delta variant of COVID-19, the...
https://www.freightwaves.com/news/hot-ma-market-plus-delta-variant-equals-unusual-time-in-logistics
Freight costs, inflation hit health care supply chain
The story: The high price of freight and raw materials continues to be a major problem for a number of companies in the health care supply chain.
In recent earnings calls, leaders from 3M, Becton, Dickinson and Co. (BD), Cardinal Health, Owens and Minor, and AmerisourceBergen all called out the increasing cost of freight, logistics and raw materials as a big hurdle for the remainder of 2021.
“What we have seen is a broad-based increase in all commodities. … And then logistics cost has continued...
https://www.freightwaves.com/news/freight-costs-inflation-hit-health-care-supply-chain
Excess PPE cuts into profits for distributors, manufacturers
The story: Excess inventory of personal protective equipment and COVID-19 tests are cutting into profits for distributors and manufacturers as demand falls. Several companies recently recorded charges related to obsolete inventory or donated excess products.
Those actions took place when the U.S. vaccination rates were rising, COVID-19 case numbers were falling and demand for PPE was waning.
As the delta variant causes COVID-19 cases to rise in the U.S., there are signs that demand for PPE is...
https://www.freightwaves.com/news/excess-ppe-cuts-into-profits-for-distributors-manufacturers
Pandemic forces air cargo group to postpone September conference
The robust recovery of U.S. domestic travel this summer increasingly looks like more of an outlier than a sign that airline bookings will continue unabated.
Global airlines — and by default the air cargo industry that piggybacks on passenger flights — could face a bumpier recovery from the COVID pandemic than originally thought. Following a robust summer season for domestic U.S. carriers, the delta variant is making people more reluctant to travel by air and could limit travel in the fall,...
https://www.freightwaves.com/news/pandemic-forces-air-cargo-group-to-postpone-september-conference
GLOBAL & REGIONAL DAILY (Tuesday 20 July, 2021)
GLOBAL & REGIONAL DAILY (Tuesday 20 July, 2021)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
July 20 2021
Global Markets
Risk-off mode prevailed in global markets on Monday, as increasing worries about the impact of the spread of the Delta variant on the global economic recovery drove global equities lower for the fifth consecutive session, the longest losing streak since the start of the pandemic. Safe-haven government bonds gained further, while the JPY and the USD traded near multi-month highs. Asian...
https://allaboutshipping.co.uk/2021/07/20/global-regional-daily-tuesday-20-july-2021/
GLOBAL & REGIONAL DAILY (Wednesday 30 June, 2021)
GLOBAL & REGIONAL DAILY (Wednesday 30 June, 2021)
June 30 2021
Global Markets
Supported by strong consumer confidence readings for both the EA and the US, global equity markets were firmer earlier today. In FX markets, the USD retained a positive tone favored by its safe-haven appeal as concerns remain that the rapid spread of the delta variant could threaten the ongoing global recovery.
Greece
According to the latest EC business and consumer survey data, in June 2021 the Economic Sentiment...
https://allaboutshipping.co.uk/2021/06/30/global-regional-daily-wednesday-30-june-2021/
Fear of Virus Spread Sparks Amid US States Lifting More Restrictions
As US states lift more coronavirus restrictions, experts are worried people who aren’t fully vaccinated could contribute to further spread of the virus, reports the CNN.
Next dominant strain in US?The Delta variant, first reported in India, accounts for nearly 10% of coronavirus cases in the US, according to the CDC. With concerns it could become the dominant strain soon, medical experts are underscoring the importance of full vaccination.
“I’m worried about those who are unvaccinated,” US...
https://mfame.guru/fear-of-virus-spread-sparks-amid-us-states-lifting-more-restrictions/