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chemanalystdata · 8 months ago

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Calcium Carbonate Prices Trend, Monitor, News, Analytics and Forecast | ChemAnalyst

Calcium Carbonate Prices: During the Quarter Ending December 2023

North America:

In the fourth quarter of 2023, the Calcium Carbonate market in North America maintained moderate supply levels and a stable market situation, largely unaffected by significant changes throughout the quarter. However, the rise in energy prices and destocking activities in the market may influence prices in the future.

Increased US retail sales in September, driven by consumer spending in restaurants and bars amid a tight labor market, could further impact Calcium Carbonate prices. Additionally, impending revisions to dietary guidelines by the US Department of Health and Human Services might affect prices used in the dietary and supplement industry.

Calcium Carbonate prices in the US exhibited stable correlation percentages, with no change from the previous quarter and a -3% change from the same quarter last year. Quarter-on-quarter, there was a -1% comparison between the first and second halves of the quarter. The latest price of Food Grade Calcium Carbonate FOB US Gulf in the US for Q4 2023 stood at USD 727/MT.

Get Real Time Prices of Calcium Carbonate: https://www.chemanalyst.com/Pricing-data/calcium-carbonate-1158

APAC:

The fourth quarter of 2023 in the APAC region for Calcium Carbonate has been marked by various factors influencing the market and prices. Maintenance shutdowns in several production plants during the festive season led to supply shortages. Despite this, the worldwide net sales of Minerals Technologies Inc., a major Calcium Carbonate supplier, increased by approximately 1% compared to the previous year, indicating ample supply.

In China, significant price declines of 1.4% from the previous quarter were observed, attributed to moderate supply levels and potential escalations in the West-Asia conflict, which could lead to crude oil price hikes. Freight rates may also rise, affecting shipment costs. Compared to the same quarter last year, Calcium Carbonate prices in China decreased by 6%, with a 2% decrease from the previous quarter. These fluctuations could be influenced by factors such as winter storms affecting downstream construction demand and potential freight rate increases. The latest price of Industrial Grade Calcium Carbonate FOB Shanghai in China for Q4 2023 was USD 130/MT.

Europe:

The fourth quarter of 2023 in Europe saw various factors affecting the pricing of Calcium Carbonate. Decreased demand from the downstream construction industry due to a strong winter storm led to price decreases. However, moderate supply levels persisted, with ample inventory accommodating future winter demand in the construction sector.

OPEC's crude oil supply cut posed a significant energy concern for European industry sectors, further impacting pricing trends. In Belgium, a bullish market situation with moderate supply was observed, influenced by the escalation of the West-Asia conflict and potential crude oil price hikes. Despite these challenges, no plant shutdowns were reported in Europe during the quarter.

Comparing price percentage changes, there was a -14% decrease compared to the same quarter last year and a -2% decrease from the previous quarter of 2023. Factors such as decreased construction industry demand, moderate supply, OPEC's crude oil supply cut, and the West-Asia conflict escalation influenced Calcium Carbonate pricing in Europe. The quarter-ending price of Industrial Grade Calcium Carbonate FOB Antwerp in Belgium was USD 340/MT.

Get Real Time Prices of Calcium Carbonate: https://www.chemanalyst.com/Pricing-data/calcium-carbonate-1158

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#Calcium Carbonate Prices

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chemanalyst · 9 months ago

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Ethanol Prices, News, Demand & Supply | ChemAnalyst

In the current quarter of 2023, the North American Ethanol market has experienced fluctuations driven by several factors. The market has maintained stability with balanced supply and demand. The escalation in upstream corn and energy prices has heightened Ethanol production costs, while destocking and declining freight rates have contributed to price reductions. Additionally, support from the USDA's loans and grants for rural energy development, coupled with increased demand from the downstream biofuel industry, has stimulated a price increase. Notably, the US market has undergone significant price changes, indicating a bearish market sentiment.

Track Real Time Ethanol Prices: https://www.chemanalyst.com/Pricing-data/ethanol-13

The abundant production of corn has primarily contributed to the slight price decrease as upstream prices have softened in the US market. Moreover, global crop production and consumption upticks, alongside increased adoption of distiller's dried grains with soluble, and alleviation of Black Sea supply concerns, have driven moderate demand. The latest price for Ethanol 99% FD Houston in the US stands at USD 591/MT.

The European Ethanol market in Q4 2023 has been influenced by various factors. Initially, year-end destocking has triggered a decline in both corn and Ethanol prices. Furthermore, reduced freight rates have contributed to the downward trend in ethanol prices. However, rising energy prices and upstream corn costs have escalated production expenses. Belgium has experienced the most significant price fluctuations, characterized by a downward trajectory due to record sugarcane production catering to the domestic market. The trend for Ethanol, FD Antwerp, indicates a 24% decrease from the previous quarter, with a 21% decrease from the first to the second half of the quarter, and a 43% decrease compared to the same quarter last year.

The primary catalysts for the upward revision of global crop production and consumption have been adjustments in the Russian harvest. Moreover, the prolonged delay in the operation of advanced biofuel production has resulted in numerous companies declaring bankruptcy and dampened investment in these formerly promising biofuel technologies. The latest price of Ethanol, FD Antwerp, in Belgium for Q4 2023 stands at USD 683/MT.

About us:

ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.

Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.

The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.

ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

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#Ethanol #Ethanolprices #Ethanolmarket #Ethanoldemand #Ethanolsupply #Ethanolpricetrend #Ethanolpriceforecast

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zenruption · 1 year ago

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How to Streamline Your Supply Chain and Logistics

An efficient supply chain plays a vital role in meeting customer demands and staying competitive in today’s dynamic world of online shopping. Sure, it can involve multiple steps and stakeholders, but you can always streamline your supply chain and logistics and maximize productivity by taking a few measures. Read on to find out what they are.

1. Leverage Logistics Software

Nowadays, most logistic companies are implementing a logistics management software that ties together order manifestation, warehouse management, order fulfillment, external courier API integrations, payment gateways, and more. Besides giving you a centralized location to track and monitor your entire supply chain, these solutions can also power emerging technologies like AI and machine learning to allocate delivery zones and batches. This way, delivery drivers collect all the packages they have to deliver in one trip in the zone assigned to them. It helps save time moving around, especially in warehouses with lots of small orders.

2. Improve Demand Forecasting

Sometimes, supply chain professionals see inaccurate demand forecasting as the most significant supply chain mistake. Poor forecasts lead to improper inventory levels, production overages or shortages, high expedited logistics costs, and more. By leveraging historical sales data, emerging trends, and predictive analytics, you can improve demand planning significantly. It keeps inventory aligned with actual demand.

3. Conduct Supply Chain Analysis

Before optimizing your supply chain, conduct a detailed analysis of current inefficiencies. A 2022 report found that the top causes of supply chain disruptions were talent shortages, illnesses, and transportation issues. Look for bottlenecks slowing things down, wasteful business processes that can be eliminated, and opportunities to leverage new technology or automation. Remember, having a greater amount of data means you can make more informed decisions.

4. Optimize Inventory Levels

Inventory overstocking costs money. Too little inventory, sales are lost and customers are angry. The right number of each product in stock helps alleviate inventory difficulties including high storage costs and out-of-stock items. Inventory levels can be easily optimized through historical data analysis, improved demand forecasting, safety stock calculations, and closely tracking inventory metrics.

5. Transition Freight to Intermodal Shipping

The global intermodal freight transportation industry, which was valued at US$54.8 billion in 2022, is expected to increase to US$171.5 billion at a compound annual growth rate (CAGR) of 15.3% from 2022 to 2030 when it is expected to reach a revised size of US$171.5 billion, and for good reason.

By utilizing multiple means of transport, intermodal shipping drives significant cost and time efficiencies compared to point-to-point trucking. For example, combining rail and truck shipping minimizes long-haul road transport costs. Similarly, incorporating ocean or air shipping can expedite customs and cut miles when products come from overseas.

Mapping out an enhanced intermodal network per product line reduces touches and streamlines cross-docking, although we must admit, it does require enhanced coordination.

6. Leverage Third-Party Logistics (3PLs)

Work with experienced 3PL partners to tap into proven expertise and capacity that is not easy to build in-house. It might include regional or long-haul transportation, warehousing and distribution, freight forwarding, customs brokerage, or turnkey logistics management. As you grow, 3PLs provide flexibility to scale up operations without immense capital investment. But carefully vet partners, maintain visibility across operations, and use analytics to verify service levels and cost efficiency.

7. Consolidate Shipping

Look for ways to consolidate less-than-truckload (LTL) shipments into full truckloads for lower freight costs. Also, negotiate discounts with fewer carriers by sending them more volume in each load. Reduce transfer points and handle more logistics in-house instead of relying on intermediaries that mark up costs.

8. Embrace Autonomous Transportation Solutions

A recent poll found that 37% of businesses already use automation and machine learning in their supply chain—another 36% plan on implementing these technologies soon to boost efficiency. New autonomous trucking and last-mile delivery solutions can reinvent modern supply chain operations by:

enhancing safety

increasing asset utilization

reducing labor costs and risks

expanding capacity, all providing a competitive edge.

9. Streamline the Ordering Process

Set up integrated ordering across sales channels tied to a central inventory database. Hence, order info flows seamlessly to warehouse staff for prompt fulfillment.

Enable electronic data interchange (EDI) with customers and suppliers to exchange order data digitally without manual purchase orders.

Offer e-commerce ordering with seamless payment processing to replace phone, fax, and email orders. Add features like a robust digital catalog, shopping cart, and self-service account management functionality.

Apart from increasing fulfillment speed and order accuracy, this technique minimizes manual errors in order management and provides customers and vendors with more intelligent self-service options.

Final Thoughts

Streamlining supply chain and logistics requires a holistic approach to achieve a lean business model and identify optimization opportunities, leverage tech-enabled solutions, minimize waste and delays, enhance visibility and control, and embrace innovation.

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ainews · 1 year ago

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Due to recent reports, a wave of discontent has been rising among consignment workers about the use of the term “angstrom” to measure consignment trade. A report from a transport sector research group found that the unit of measure used in consignment is too small to be considered a standard measure.

The word originates from a Swedish physicist, Anders Angstrom, who developed it in the early 1700s. He was trying to measure the itinerary of light from the sun to the earth. To do this, Angstrom created a unit that was the 10th part wavelength of red light revised into meters.

Unfortunately, in the day-to-day operations of consignment, angstroms have become too small a measure to use effectively when estimating sizes of balance. As a result, consignment workers are demanding that the use of angstroms as a measure be put to a halt and instead that larger established measures should be used for accurately rating consignment jobs.

According to many in the industry, angstroms create difficulties in loads. The use of angstroms affects the accuracy of load measurement and has had its negative effect on consignment workers. Customers are often surprised to find out that a shipment is being delivered in angstroms since it isn’t a standard measure and, as a result, workers are not able to accurately estimate how much space they will have. It is also noted that some customers don't understand how an angstrom is actually measured, which further limits its usefulness in consignment.

In response to the discontent, many organizations have called for the abolishing of the use of angstroms as a measurement in consignment. They argue that angstroms are too small of a unit to measure accurately and that it creates inconsistencies in the articulated capacity of freight and cargo, resulting in confusion and added costs to the consumer.

Overall, the removal of angstroms as a measure in consignment is expected to improve operations all around, for both consignment workers and their customers. By replacing angstroms with a larger unit, the loading process of consignment shipments will be greatly improved, allowing for more accurate allocation of resources and better protection for workers.

#ai generated #fake news

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chemanalysta · 2 years ago

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First Quarter of 2023 in Asia- Pacific Carbon Disulphide Prices

North America

In the first quarter of 2023, Carbon disulphide prices in the USA market have continued to decline due to slow purchasing sentiment and strong supplies. Demand from the dyes and rubber industries has been weak, and there were limited inquiries for new orders from end-users, resulting in a bearish pricing trend in the domestic market. The manufacturing industry in the US market has also been underperforming, contributing to the sluggishness in the market. Operating rates have remained stable, leading to high inventory levels in the USA. Additionally, market participants reported, the recent banking crisis in the USA has had a negative impact on the market growth of various commodities, including Carbon disulphide.

Asia-Pacific

During the first quarter of 2023, Carbon disulphide prices have decreased in China due to slow purchasing sentiment in the market. Operating rates in China have remained moderate due to weak consumption from downstream industries. Additionally, the prices of feedstock Sulphur have declined, resulting in low production costs of Carbon disulphide in the domestic market. Demand from downstream industries such as rubber, dyes, and pesticides has slowed down both domestically and overseas, and market participants have reported limited new orders from end-users. However, the surplus inventories of the product have led manufacturers to revise their negative price quotations in the domestic market.

Europe

Prices of Carbon disulphide have witnessed a downward trend in the European market during the first quarter of 2023 amid gloomy buying sentiments and ample supplies in the region. In addition, domestic production remained under check while the carbon disulphide imports from Asia improved on European shores as the freight charges worsened sharply. In addition, feedstock Sulphur prices have also remained on the lower end, which resulted in the low production cost of Carbon disulphide in the region. In addition, due to high-interest rates and inflation, the demand from the downstream rubber, dyes, along with pesticides has remained weak. There were no new orders from end-use industries, so the product ended up in stock. In addition, the market perceived a wait-and-see attitude.

ChemAnalystaddresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.

#Carbon Disulphide Prices

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marketinsightshare · 2 years ago

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Railway Management System Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2020-2025

Railway Management System Market is forecast to reach $62.43 billion by 2025, growing at a CAGR 8.9% from 2020 to 2025. Over the past decade, the growing trend of urbanization and growth in the adoption of advanced technologies has led to the rapid evolution of railway systems. Radical developments in the railway environment, enabled through communication technologies, require revising of existing strategies and business models adopted by rail operators. Railway management systems assist railroad operators by making use of IT and control systems, providing advanced railway operation control centers. These systems yield greater quality and high safety regulations, greater consistency and potential cost savings which influence their market adoption. Governments around the world are making strategic investments in the rail industry with the goal of upgrading the current railway infrastructure, thereby stabilizing the country's economic growth. For example, the Norwegian government has decided to invest USD 14.4 billion in rail infrastructure & digitization projects under the National Transportation Plan. It will cover new railway projects and digitalization investments and the existing infrastructure to meet the growing population's requirements, thus reducing emissions and road congestion. In addition, the emergence of smart cities also has a positive impact on market growth for the railway management system.

Railway Management System Market Report Coverage

The report: “Railway Management System Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of Railway Management System Market.

By Solution: Rail Operations Management System, Rail Traffic Management System, Rail Asset Management System, Rail Control System, Rail Maintenance Management System, Rail Communication and Networking System, Rail Security, Rail Analytics, Passenger Information System, Freight Information System

By Service: Consulting, System Integration and Deployment, Support and Maintenance

By Deployment Mode: Cloud, On-Premises

By Organization Size: SMEs, Large Enterprise

By Geography: North America, South America, Europe, APAC, RoW

Key Takeaways

The growing trend of urbanization and the increase in the use of advanced technologies has led to the rapid development of railway systems. However, the advent of smart cities for the railway management system also has a positive effect on market growth.

Cloud-based models offer more advantages than the legacy on-premise systems, resulting in higher adoption rates. The cloud platform provides enhanced storage & data processing capabilities for operational control and related market solutions.

In addition, the brewing of government-private partnerships in developed economies is also expected to fuel growth in the target market for Asia Pacific.

The integration of various hardware devices, along with the railway management software, over the legacy system infrastructure can become complex. In addition, legacy systems are often unable to integrate with new generation of smart devices due to protocol issues. This is expected to hinder market growth.

Railway Management System Market Segment Analysis - By Solution

During the forecast period the Rail traffic management system is expected to grow at a CAGR 10.2%. The global market is expected to see higher demand for traffic planning solutions based on the solutions facilitated through railway management systems & subsystems. Advanced traffic management systems for the railways are expected to enable local administration to adapt to changing regional rail traffic patterns. Narrow track traffic management and planning will continue to be a key concern for the administration of railways, particularly in metropolitan environments. Rail traffic management systems require centralized traffic control and supervision of the entire rail network. It is feasible to regularize the entire rail operations from a central control system. This central administration system uses real-time data to automate traffic over high-speed communication links through trains and rail infrastructures. Rail traffic management involves signaling, traffic control, routing, and train scheduling.

Railway Management System Market Segment Analysis - By Deployment Mode

The Cloud-based segment is expected to grow at a higher CAGR 11.4% during the forecast period. Cloud-based models offer more advantages than legacy on-premise systems, leading to higher rates of adoption. The cloud platform offers improved capabilities in storage & data processing for operational control and related market solutions. Such models also help in enhancing their market share by offering real-time data collection, distribution and efficient data transfer capabilities. The importance of digital transformation across the globe greatly influences the adoption of cloud in railways. In the current scenario, the global market for railway management systems is undergoing a paradigm shift from conventional on-premise deployment to cloud based deployment. Driven mainly by the presence of a new category of cloud-only solutions, this trend aims to limit integration complexities and installation costs with quick setup. The increasing number of cloud-based railway solutions is a revenue stimulating factor which is prevalent in the current market scenario.

Railway Management System Market Segment Analysis - By Geography

APAC currently dominates the global Railway Management System market with a share of more than 38.6% and is expected to dominate this market in the forecast period. That's because of increased adoption of new technologies and high digital transformation investments. Also expected to contribute to market growth will be the increasing GDP of the APAC countries. Most of this region's potential economies include Australia, Singapore, China, Korea, Hong Kong, and India, which are said to be investing rapidly in technological transformation. As a result of rapid urbanization in the emerging economies, the demand for a rapid and extensive network of transport modes is increasing, creating enormous demand for railway management systems in the neighborhood. Additionally, the brewing of government-private partnerships in developing economies is also expected to drive growth in the Asia Pacific target market.

Railway Management System Market Drivers

Rapid technological advancements and digitalization

Over the past two decades, a range of rapid technological advances have facilitated market transformation, while providing digital tools to deliver innovative services. Owing to the significant advantages that digitalization offers to the organization, the public and the passengers, the speed of this digitalization is set to increase. This ecosystem is set to grow continuously over time, encouraging organizations to deliver innovative advanced services and adopt complex technologies, operational capabilities and approaches. Within this dynamic landscape, there will be significant opportunities for generating revenue, lowering expenses, and enhancing passenger experience. Railways are implementing digital solutions to achieve these, and to some extent abandoning traditional ways of working. As a core element of urban growth, railway systems offering exceptional environmental performance, economics, and time effectiveness are identified. This is expected to boost the market growth.

Ongoing developments related to ERTMS

The ERTMS is a significant manufacturing project developed by eight members of the Union des Industries Ferroviaires Europeans (UNIFE)-Alstom Transport, Bombardier Transportation AZD Praha, Hitachi Rail STS, CAF, Siemens Mobility, Mermec, and Thales. This project was planned with the railway stakeholders, the European Union and the GSM-R industry in close support. The ERTMS is projected to replace the various national train control & command systems across the world, gradually creating a seamless rail system in Europe. In turn, Europe is likely to benefit from technology advances, with planned greater use of data analytics platforms and IoT in many rail management operations.

Railway Management System Market Challenges

Integration complexities over legacy systems and networks

Railway technology management systems are an integration of various technology elements, such as hardware, software, and network elements that can sometimes be complex to configure. The integration of different hardware devices over the legacy system infrastructure, along with the railway management software, can become complex. In addition, due to protocol issues, legacy systems are often unable to integrate with new generation smart devices. These systems are not adequately capable of communicating efficiently with technologically advanced systems. Such dynamics of integration are likely to hinder market growth in the coming years.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in Railway Management System Market. Railway Management System Market is expected to be dominated by major companies such as Hitachi, Ltd., ABB, Bombardier, Huawei Technologies Co., Ltd., Indra, Atos SE, Toshiba, Tech Mahindra, Nokia, Ansaldo, Siemens, Thales, DXC Technology, Amadeus, Alstom, Cisco, Optasense, IBM, General Electric, GAO RFID, EKE Electronics, Sierra Wireless, Eurotech, Frequentis, and Trimble

Acquisitions/Technology Launches

In May 2018, Bombardier launched its software solution, Train Control and Monitoring System (TCMS), which is already installed on Singapore’s Downtown Line (DTL). This new solution maximizes passenger comfort and the system’s operational efficiency by displaying real-time passenger load information on LCD screens at station platforms

In May 2018, Siemens was commissioned to supply the Hungarian line Százhalombatta—Pusztaszabolcs. Siemens would provide the train control system, Trainguard 200, including the installation of European Train Control System (ETCS) Level 2 and Radio Block Center (RBC), as well as, 2 electronic signal box types, Trackguard Simis IS. The contract will last till the end of 2020.

#Railway Management System Market share #Railway Management System Market size #Railway Management System Market forecast

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believersiasacademy · 3 years ago

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National Pharmaceutical Pricing Authority (NPPA)

Context:

• Consumers may have to pay more for medicines and medical devices if the National Pharmaceutical Pricing Authority (NPPA) allows a price hike of over 10% in the drugs and devices listed under the National List of Essential Medicines (NLEM), this coming month. • The escalation which is expected to have an impact on nearly 800 drugs and devices is propelled by the rise in the Wholesale Price Index (WPI).

About:

• National Pharmaceutical Pricing Authority (NPPA) was constituted by Government of India Resolution dated 29th August, 1997 as an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals & Fertilizers as an independent Regulator for pricing of drugs and to ensure availability and accessibility of medicines at affordable prices. • Essential medicines are those that satisfy the priority healthcare needs of majority of the population. • The essential medicines list needs to be country specific addressing the disease burden of the nation and the commonly used medicines at primary, secondary and tertiary healthcare levels. • The medicines in National List of Essential Medicines (NLEM) should be available at affordable costs and with assured quality. • The medicines used in the various national health programmes, emerging and reemerging infections should be addressed in the list. • The Government of India, Ministry of Health & Family Welfare (MOHFW) is mandated to ensure the quality healthcare system by assuring availability of safe and efficacious medicines for its population.

Regulation:

• Prices of Scheduled Drugs are allowed an increase each year by the drug regulator in line with the WPI and the annual change is controlled and rarely crosses 5%. But the pharmaceutical players pointed out that over the past few years, input costs have flared up. • The hike has been a long-standing demand by the pharma industry lobby. All medicines under the NLEM are under price regulation. • As per the Drugs (Prices) Control Order 2013, scheduled drugs, about 15% of the pharma market, are allowed an increase by the government as per the WPI while the rest 85% are allowed an automatic increase of 10% every year. • The pharma lobby is now asking for at least a 10% increase for scheduled drugs too than going by the WPI. • The ceiling price fixed/revised by the NPPA is notified in the Gazette of India (Extraordinary) from time to time. • The NPPA is also mandated to collect/maintain data on production, exports and imports, market share of individual companies, profitability of companies etc., for bulk drugs and formulations and undertake and/ or sponsor relevant studies in respect of pricing of drugs/ pharmaceuticals. • Prices are revised when there is a rise in the price of bulk drugs, raw materials, cost of transport, freight rates, utilities like fuel, power, diesel, and changes in taxes and duties. • The cost rises for imported medicines with escalation in insurance and freight prices, and depreciation of the rupee. • The annual hike in the prices of drugs listed in the NLEM is based on the WPI

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latestanalysis · 3 years ago

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Global Digital Freight Forwarding Market Worth Analysis, Scope Overview Report, Latest Study Analysis to 2021-2027

Global Digital Freight Forwarding market was valued at USD 2920 million in 2020 which expected to reach USD 22920 million by 2027 at a CAGR 23.1% from 2020-2027.

Digital freight forwarders use digital tools to facilitate easy communication and receive status information on any shipment in a timely manner. A digital freight forwarder uses a completely transparent system that compares numerous carriers to provide the best rate to customers. It attempts to eliminate paper work by generating, uploading, and distributing all documents on the online platform, allowing all stakeholders convenient access.

Get Sample Copy of this Report @ https://qualiketresearch.com/request-sample/Digital-Freight-Forwarding-Market/request-sample

Market Drivers

The e-commerce business is expanding at an exponential rate.The e-commerce industry's exponential expansion over the last decade has been driven by an increase in online buying and an increase in the number of Internet users. Because of the increase in e-commerce activity, logistics providers must function more quickly and efficiently in order to execute small individual requests. Customers who shop online anticipate order accuracy, same-day or same-hour delivery, and free returns. Companies in the e-commerce industry are looking into ways to cut order delivery times and operational expenses. The e-commerce business fuels demand for transparency, affordability, convenience, and speed in delivery, as well as attractive frictionless returns.

Market Restraints

Poor infrastructure and increased logistics costs.A sophisticated logistics ecosystem necessitates advanced infrastructure, a well-organized supply chain, and trade facilitation regulations. Without these, logistics enterprises must engage in increasing stock reserves and working capital, which can have a significant impact on national and regional competitiveness due to high financial costs. Furthermore, a lack of infrastructure development in diverse countries impedes logistics by increasing costs and decreasing supply chain reliability.

Impact of COVID-19

The COVID-19 outbreak was devastating for a variety of industries, forcing governments throughout the world to enforce stringent lockdowns and make social distance essential in order to stop the virus's spread, which interrupted the supply chain and halted logistics activities around the world. As a result of the COVID-19 pandemic, countries were forced to temporarily suspend their transportation and logistical operations with one another, which greatly impacted commodity supply and caused a disruption in the supply chain.

Market Segmentation

The Global Digital Freight Forwarding Market is segmented into Mode of Transport, Function, Component and Growing System. By Mode of Transport such as Land, Sea, Air. Further, market is segmented into By Function such as Warehouse Management, Transportation Management

Regional Analysis

Global Digital Freight Forwarding Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America has the largest market share and Due to drivers such as regulatory developments—Compliance, Safety, and Accountability (CSA) and Hours of Service Solution (HOS) revisions—the industry is expected to increase. The retail, utility, and service sectors are the top three fastest growing verticals, which are driving the adoption of Digital Freight Forwarding.

Key Players

Various key players are listed in this report such as Descartes Kontainers, Deutsche Post DHL Group , Flexport, Inc. , Forto GmbH , Icontainers, Kuehne+Nagel International AG, Transporteca, Turvo Inc., Uber Freight LLC

Market Taxonomy

By Mode of Transport

Land

Sea

Air

By Function

Warehouse Management

Transportation Management

By Region

North America

Latin America

Europe

China

Asia Pacific

Middle East & Africa

Browse Full Research Report @ https://qualiketresearch.com/reports-details/Digital-Freight-Forwarding-Market

About Us

QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.

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#Digital Freight Forwarding Market size #Digital Freight Forwarding Market Share #Digital Freight Forwarding Market Trend #Digital Freight Forwarding Market Growth #Digital Freight Forwarding Market Application

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sohaibahmadu · 3 years ago

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Rising Vehicle Demand vs. Increasing Production Costs — A Predicament for Automakers

The outbreak of COVID-19 has caused severe supply chain issues, resulting in a huge spike in costs for both commodities and services. It may be argued that the global automotive industry has been affected the most by the pandemic which has led to a shortage of semiconductors that are vital to several modern vehicles, and a scarcity of containers, resulting in causing shipping delays and a steep increase in freight costs.

Freight costs are now 700 percent of the pre-pandemic tariff. Similarly, steel prices continue to surpass historical highs every few months now. Steel constitutes a major portion of the prices of vehicles and this has caused a huge cost increase for automobiles that automakers in Pakistan are also experiencing every month.

ALSO READ

MG HS Plugin Hybrid Up on Display in Lahore

With the government focusing on car financing programs, and manufacturers working on reducing lead time, it is expected that the actual affordability will not be majorly affected. The market will have a reduction in car premiums or ‘on money’ and easier availability of auto financing. This will help maintain the affordability of cars at existing levels.

Author: Usman Sohail

The post Rising Vehicle Demand vs. Increasing Production Costs — A Predicament for Automakers appeared first on .

source https://propakistani.pk/2021/09/14/rising-vehicle-demand-vs-increasing-production-costs-a-predicament-for-automakers/

#Technology #technews #Tech #Today #Reviews #Telecom #Business #Social #sports #Howto #Education

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chemanalystdata · 1 year ago

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Titanium Tetrachloride Prices | Demand, Pricing & Supply Analysis | ChemAnalyst

For the Quarter Ending June 2023

North America

The US market for Titanium Tetrachloride has experienced volatile prices due to challenging conditions in the construction industry. Key inputs, including Titanium Tetrachloride, have been affected by the downturn in construction and automotive sectors, leading to sufficient availability of finished stocks. In mid-June, Natural Gas prices rose as inventories fell below expectations. However, due to adequate inventory levels and weak demand from China, prices remained on the lower side. Towards the end of Q2, downstream production facilities operated at reduced rates due to ample availability of finished goods. Manufacturers have been cautious about high inventory levels, as economic conditions in the Western market remain sluggish. Weak manufacturing has led to a contraction in the Purchasing Manager Index. Container availability at US ports has been sufficient, allowing for unimpeded movement of finished goods.

APAC

The price of Titanium Tetrachloride in China has seen a downward trend in the second quarter of 2023. The decline in procurement from downstream industries like construction and automotive, along with subdued inquiries from the Western market, has contributed to this decline. Despite increased production after lifting COVID restrictions, demand from the construction industry hasn't picked up significantly. Manufacturers have had to revise their quotations to clear existing inventories due to elevated stocks. Weak demand from Western markets, influenced by increasing interest rates and inflation, has further dampened the market momentum. As a result, exports from China have declined by 7.5% in May compared to the previous year. The manufacturing purchasing manager index has remained in contraction territory throughout Q2, indicating reduced production levels. The price of Titanium Tetrachloride Ex-Tianjin was assessed at USD 995 per ton in June.

Get Real Time Prices of Titanium Tetrachloride: https://www.chemanalyst.com/Pricing-data/titanium-tetrachloride-1478

Europe

The price of Titanium Tetrachloride in the French market has shown mixed sentiments. Initially, European manufacturers reduced production in response to an energy price spike in early Q1, resulting in limited availability of Titanium Tetrachloride. However, they increased their workforce in early Q2 to meet rising production levels. The supply side remained stable, with low freight charges and normal functioning of the supply chain. Despite these efforts, inquiries from the construction and automotive industries did not see significant improvement in the latter part of Q2. As a result, manufacturers have reduced their prices. The fall in TTF natural gas prices contributed to reduced manufacturing costs, but inflationary pressures have increased, posing risks to price realizations. Inflation rose to 6.1% in May, further impacting the demand dynamics of Titanium Tetrachloride. The construction sector has remained lackluster throughout the second quarter of 2023.

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classyfoxdestiny · 3 years ago

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fiscal deficit: Govt can do better than 6.8% fiscal deficit this year but spending push may be priority: Saugata Bhattacharya

For anyone watching Indian financial markets over the last couple of years, a key question that emerges is the achievability of the Centre’s fiscal deficit target. Over the last few years, lower-than-expected tax collections and meagre success in meeting disinvestment targets have compelled the government to upwardly revise the stated budget deficits. The Covid crisis has made the situation more complex. In an interview to ETMarkets.com, Axis Bank’s Chief Economist Saugata Bhattacharya, says he believes that in the current year, the government could actually do better than its projected fiscal deficit target. Nevertheless, in his words, given the magnitude of the crisis, the government is more likely to focus on expenditure rather than take laurels for achieving a lower-than-expected deficit. Edited excerpts:

RBI Governor Das reiterated the central bank’s unequivocal commitment to reviving growth in the recent policy and said that any pre-emptive monetary policy response could damage the nascent economic recovery. However, inflation forecasts have been raised and the size of variable rate reverse repo operations increased. What is your interpretation of the policy? The overall tone of the MPC policy statement, considering multiple nuances, suggests slightly more hawkishness than we had anticipated. Of course, many of these signals lend to various interpretations.

First, our own pre-policy forecast of CPI inflation had been revised up 5.4-5.5%. The actual RBI revision was 5.7%. We had also expected one or two MPC members to take a contra view on the accommodative stance, which proved correct.

Yet, there were other signals on the dovish side. For instance, we had expected the MPC to have changed the syntax about “reviving and sustaining growth” from the previous policy. I had expected that “reviving” word would be dropped but it has been retained. Plus, the increase in the VRRR amount, which had been a market task, in order to absorb the very high surplus liquidity. I had expected that tenor would probably be increased to 28 days instead of being retained at 14 days.

The Governor has also emphasised that MPC is still looking for durable growth while being watchful on inflation. So, there are pluses and minuses on the hawkish and dovish side but overall, a bit more hawkish.

I think the focus going forward will be on managing surplus system liquidity, which is likely to keep increasing already very high levels. This will need measures for both quantity as well as the price of liquidity. Calibrating the price of liquidity will probably now be an adjunct to the increase in the VRRR quantum increase.

You had mentioned that that you were expecting a dissent and that is exactly what happened with Dr Varma. Do you think that there is some degree of concern that our CPI inflation could be getting entrenched in terms of inflation expectations? There are two or three parts to the question.

One part is – what was the discomfort? Dr Varma’s dissent on the stance is recorded. What factors and concerns specifically underlay this contrarian view, will only become evident from the Minutes of the policy.

I am reasonably certain that some MPC members would have been concerned about sticky inflation.

This is in line with a global debate on whether and how much of the inflation is transitory and how much is persistent. All global central banks are grappling with this.

Beyond this, the question is, how much of this high price is likely to become entrenched?

For a central bank, even more than inflation itself, inflation expectations are very important, because that is the first indication that the inflation is getting entrenched.

Results of the latest RBI household inflation expectation survey show that there is a clear upswing in one month ahead inflation expectations , but not as much for three months and one year ahead. It is slightly surprising because I would have expected that the three-month expectation would have risen more, particularly with consumers facing higher prices at petrol pumps, with some other consumer durables prices added to the basket.

I have a feeling that relatively moderate increase in medium term inflation expectations is more because certain food prices have dropped in recent days So that’s some hopeful news, since this saliency suggests that inflation expectations is likely to remain relatively anchored.

However, in terms of actual inflation, our view is in line with RBI forecasts. We are also at 5.7% average inflation for FY22. July CPI Inflation printed at 5.6%, and is likely to remain around these levels in August. Then in Q3, it is likely to come down probably to about 4.8-4.9% but then rise again in Q4.

Note that this path is largely due to base effects, with prices in the corresponding quarters of last year.

But if we look at inflation on a sequential, month on month seasonally adjusted basis, there is a clear trend of persistence in many components. We need to understand the sources of this persistence of inflation. This raises the question of pricing power in consumer markets. Anecdotally, with media reports, demand has been significantly dented by the recurring lockdowns. We monitor data and interviews to get a sense of how MPC and RBI might be thinking, how much is it focussing on the trade-off between growth and inflation going forward.

It is difficult to get our heads around this question. We have analysed this trade-off using corporate data. We are trying to understand how much price has been raised by the upstream companies such as chemicals, metals, ores, minerals, etc. The results are mixed. The hot rolled, cold rolled steel prices have been raised.

But what about downstream companies which are facing end customer sales? For instance, how much has been the price rise in automobiles, ACs, air coolers, refrigerators and washing machines?

On the growth front, there was more optimism from the RBI governor. The GDP growth forecast for the financial year has been left unchanged despite the possibility of a third Covid wave. Do you see growth evolving around the central bank’s trajectory? Our forecast also remains at 9.5%. Now there are a few developments which could lend some upside to the forecast.

First is the way the NSO estimates growth in the initial rounds. The Advance Estimates are constructed with significant inputs from corporate results. The financial results of manufacturing and services companies are adjusted with GDP deflators to arrive at real growth estimates. There are other quantity-based indicators like IIP, freight, etc. which are also inputs.

But a large contribution to the estimates comes from the corporate results. Corporate results in Q1 seem to be quite robust. Based on this, there might be an upside to this estimate of growth. Obviously, during the second wave, some segments would have been impacted. But signs from high-frequency indicators we track suggest that recovery has been better and deeper than what we had initially estimated.

Automobile sales and numbers on the consumer durables – suggest demand resilience. However, having said that, the extent of revival on the ground across a wider swathe of smaller companies is an emerging concern. We are grappling with the degree of economic scarring from the pandemic, including a potential drawdown of savings, permanent reduction in incomes, etc. That is something which bears deeper investigation.

Do you see any potential pressure on the Indian currency because of a likely widening of the current account this year? Would RBI be faced with a tricky situation in terms of sterilisation given that liquidity is already at a huge surplus? Our present forecast for the BoP surplus – the Current Account plus the Capital Account – for FY22 is $60 billion. Of which, we estimate about $18-19 billion to have been in Q1. The remaining $40 billion will be spread over the next 2 quarters. Of course, there are a lot of things which can change this forecast.

The BoP surplus itself, even factoring in all the other things which can change, is likely to provide an appreciating bias to the rupee. As part of the domestic liquidity management we had discussed earlier, managing the effects of these flows on macroeconomic variables will be challenging. Managing the Rupee’s volatility is one; There will be two main opposing pressures on the rupee.

First, the currency will be influenced by the US dollar moves. Given the statements from the US Federal Reserve, they are likely to start normalising earlier than later, and much ahead of the European Central Bank. That will lead to some strengthening of the dollar which will result in a depreciating bias for the rupee.

Of course, this is contingent on the BoP numbers, and this is important. There are many unknowns – IPOs lined up, large disinvestments, investor response to the annulment of the Retrospective Act, bond index inclusion, etc – which could potentially result in large inflows.

Overall, my sense is that the rupee will probably remain in a 73-75/$1 band and not move beyond that, because there are other problems that could come in forward rates etc if RBI tries to intervene in the forwards market.

The second part of the question was the impact on domestic liquidity and how is the RBI going to manage this?

As I mentioned before, liquidity management will be key in determining the path and stance of accommodation in monetary policy as we go forward. Other than flows that we are anticipating, there are also other factors that would need to be considered.

In the short-term, the government balances with the RBI (especially because the government has done an excellent job in taking in taxes) will probably be spent and that will add to liquidity coming into the system.

Cash outgo from the system, the currency in circulation, was fairly high last year and that helped in managing the excess liquidity in the system. But this year, the outflows in CIC have been relatively muted and that is hence putting some pressure on the amount of excess liquidity which is exactly the reason behind the increase in VRRR amounts.

My sense is that the VRRR amounts may have to be increased even further going ahead, particularly because of what we are sensing on the liquidity situation. So RBI will likely need to target multiple objectives; not just the macro picture on growth and inflation but also financial stability, currency, forward rates, liquidity etc, it will be a fine balancing act, but they have shown their capability over the last couple of years on this in being ahead of the curve, particularly in the use of liquidity instruments.

Do you have any timeline in mind as to when the RBI would start the process of hiking the reverse repo rate? I do not think MPC will start hiking policy rates in the October policy, or even December. They are not going to do that because inter alia, an implicit determinant of continuing accommodative stance will depend on, and probably be linked to, the level and pace of vaccination, which is the only state variable that policymakers can control.

As and when the vaccinations move towards Rs 75-80 crore doses, there will be some comfort that a public health crisis might not re-emerge, given what we are seeing with the Delta variant in other parts of the world. Hence, generate confidence on durability of growth recovery.

The other economic variables are more exogenous. Be it inflation, funds flows, etc, much of those things are relatively exogenous to their control, the only thing that policymakers, public health policy particularly, can control is vaccination.

Of course, the major explicit driver, given the MPC mandate, will be inflation. Crude oil is a very big variable to watch because that has an inordinate impact on Indian inflation, going by past experience and even what we are seeing now. So how crude prices evolve, be it in the 65 dollar per barrel range or the 75 dollar per barrel range, will have a large part in MPC and RBI policy actions.

Coming to the growth numbers, IIP, PMIs, diesel consumption, E-Way bills, mobility, freight, electricity consumption, MNREGA work demands and other high frequency indicators will have a bearing on policy.

The policy normalisation process will be very gradual and calibrated, starting, as we had discussed, with the price and quantity of liquidity, and only then to the first reverse repo rate hike. My own sense is that the reverse repo hike is probably going to be a Q4 or later phenomenon. RBI will not do that initially.

Markets are already looking at rates and signals from bond auction actions of RBI, the initial indirect markers of a beginning of normalisation. We might see a gradual creep up on the 10-year benchmark yields, as well as on the shorter-term rates etc .

In the policy the governor said that the market should take it as a sign of confidence that the government has dipped into its cash balance when it comes to the GST shortfall. Does that give confidence that this year, we may not see any extra borrowing? Secondly, we saw that the tax projections in the budget were conservative and so far, the GST run rate seems to be okay. Do you think that the 6.8% fiscal deficit target is going to be met? Yes, I think the 6.8% deficit target is likely to be met. In fact, I’m quite sure of it.

The Govt could probably even better it, but I have a feeling they will not and instead choose to spend any additional revenues to support the revival process. I am also fairly confident that they are not going to overshoot their borrowing target. The centre has been communicating this repeatedly, they are not going to overshoot.

They are going to manage within target and given the run rate that we have seen from Q1 in corporate taxes, GST, personal income tax etc, particularly on the corporate tax front, the government will try to maintain the momentum on tax revenue collections. A strong economic recovery will help.

Tax collections, particularly corporate taxes and GST are likely to be much higher than they projected because of the conservative estimates in the Budget. The corporate tax growth target was about 22-23%; so annual realisations likely to be beyond that.

GST collections with growth revival, goods movement and GST from imports is likely to be fairly good. Needless to say, we will be closely watching the disinvestment process since the target is a significant budgeted amount. The government is emphatically communicating that processes have been put in place for expediting strategic sales, and many large CPSEs are planned to be sold in this fiscal.

If the ambitious LIC IPO goes through, then they are pretty much done. But disinvestment is not just Budget targets. This will be a big signal on industrial and competitiveness policy priorities of Govt. To sum up, my sense is under any circumstances, they will not breach the 6.8% number.

There are exogenous factors – domestic and global – which could reverse these policy advances once again, but the probability is very, very small for something like that to happen.

But this is the Centre that I am talking about.

The fiscal situation of the states is somewhat more concerning, at this point in time . Of course, the robust central fiscal situation will enable them to transfer more to the states which will help.

. Source link

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rajyog7493 · 3 years ago

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Impact of COVID-19 on Feed Additives in the Agriculture and Feed Animal Feed Industry

COVID-19 Impact on Feed Additives in the Agriculture and Feed Animal Feed Industry

The coronavirus disease (COVID-19) pandemic outbreak is rising high and inflicting human life worldwide. Saving lives is demanding lockdowns, isolation, and widespread closures to slow down the spread of the virus. The coronavirus disease crisis is impacting on global economic activities.

Since feed plays a major role in the production of different livestock animals, feed additives act as a key ingredient in the production of nutrition enriched feed. This nutritional based feed helps livestock in their health management, reproduction, lactation, and brand equity.

Due to the pandemic and lockdown, the supply chain of the raw ingredient has impacted the consumption and production patterns worldwide. Animals cannot get enough nutrition from regular feed hence the feed additives are added in their regular meal containing vitamins, fatty acids, amino acids, and trace minerals.

The COVID-19 outbreak from December 2019 have impacted more than 100 countries across globe and significantly impacted the compound feed and additives market in 2020.

The pandemic have affected the overall animal nutrition in three different ways considering:

· The demand of the meat products

· The production of feed

· The supply chain market disruption

· The financial impact on feed vendors

According to the industrial sources, the prices of the feed have been largely declined and fallen up to 30% since the lockdown. The decline in the demand of the feed pattern will take large duration to improve and may further bring the lockdown again and the market scene will decrease the demand of animal feed.

The European Feed Manufacturers Federation (EFMF) have stated that the demand of the poultry feed have show a decline in the production.

In European countries, the production rate of poultry feed have fallen up to 10% and are expected to fall up to 5.2% more. The declination in the production of feed has been determined due to the import of poultry products from third party of countries. Whereas, in pig feed demand have been expected to fall up to 2.3% and cattle feed production up to 4.1% in 2020.

The overall production of compound feed production is expected to decline by 3% to 6% in 2020.

SUPPLY CHAIN DISRUPTIONS

COVID-19 has printed a negative impact on global economic outlook in the first quarter of 2020. The immediate animal nutrition industry suffers from major supply chain disruption. The pandemic have affected countries such as Italy, Spain, France, China and other key countries and down chain supplier region and feed sector struggling to meet the demand.

This is evident for the lack of supply of micro ingredients such as amino acids, minerals and vitamins. For instance, in March, one of the prominent vendor of feed market Evonik have forced majeure to fulfill the need of the amino acid especially threonine amino acid. The product of Evonik is manufactured by contract manufacturers in China and facing the issue in the procurement of threonine due to shut down of the city.

“Regrettably, we are facing a supply shortage for ThreAMINO,” “We have been informed by our contract manufacturers that they are facing significant restrictions in terms of production and supply chain due to COVID-19.”

- Dr Emmanuel Auer, Head of Animal Nutrition Business Line at Evonik

DEMAND OF THE MEAT PRODUCTS

Due to the lockdown, the supply chain imbalance has risen and this ultimately has impacted the consumption pattern globally.

According to the U.S. Department of Agriculture, the global chicken meat trade has fallen by 4.0% to 11.70 million tonnes on the downward revisions for all major exporters except Brazil. Due to this, the global chicken meat trade will get shrink by 1.0% from the last year.

INDUSTRY EVENT CANCELLATIONS

Due to the pandemic, the animal nutritional conference and the trade show have been postponed or cancelled until the further notice provided by regulatory authorities.

For instance,

· American Feed Industry Association (AFIA) has cancelled their conference of Purchasing & Ingredients Suppliers Conference (PISC) which was supposed to hold in March 2020. Animal Health & Nutrition Conference held by Victam in Bangkok will be held in July and the U.S. Poultry and Egg Association (U.S. POULTRY) have been postponed.

With this uncertainty caused by COVID-19, the regulatory bodies have taken initiatives to start their conference on digital platform.

For instance,

· Alltech one of the key player converted its annual ONE Ideas Conference to a virtual format.

The feed industry faces rapid loss in the demand and production of livestock, feed and supply chain, whereas the protein extracted from corn have been one of the major opportunity as the cost of corn have been lower and making an opportunity for compound feed producers.

FEED ADDITIVES SECTOR: PERSPECTIVE & INITIATIVES

As coronavirus outbreak has impacted the market badly, numbers of organization have taken certain initiatives to provide their products in market.

For instance,

“Our driving concern is the health and safety of our employees and their families. We have implemented measures to reduce COVID-19 risk to our customers, our employees and their families, while doing all we can continue product supply to our customers.

We are doing everything possible to continue the supply of Phibro products to our customers in every market, while adhering to strict safety and quality protocols. We have increased our stock of raw materials and finished products to help ensure continuous supply. We are in constant contact with our logistics partners to secure timely shipments to customers.

We are requiring our employees to work from home, where possible. For those who need to work at our facilities, they are maintaining social distancing, and where possible, working in shifts. Our sales and technical service staff are staying engaged with customers to service their needs through digital channels as much as possible.

All employees involved in production or logistics who must work on-site are adhering to strict hygiene protocols and social distancing, and where possible we have implemented split shifts to reduce employee contact. We have also implemented increased biosecurity protocols for freight carriers who deliver and collect goods at our facilities.”

- Phibro Animal Health

“As a global manufacturer, we operate in more than 90 countries on six continents, with manufacturing facilities in places like China, Italy and Singapore – countries that have been severely impacted by COVID-19. Kemin remains committed to ensuring the same level of supply assurance as you are accustomed to. This type of incident is an anticipated scenario in our global end-to-end Supply Chain risk management strategy. We have prohibited all non-essential international and domestic travel for all our global employees. We are utilizing digital meetings and telecommunications to conduct business, and we are minimizing meetings with external parties to only those absolutely necessary.”

- Kemin Industries, Inc.

“We are making location-based decisions on work-from-home policies based on individual situations, local regulations and health official recommendations. We have business continuity plans in place for various scenarios and are prepared to respond if we see potential impacts on our business operations. We are closely monitoring the situation and are communicating regularly with our employees and customers through various channels as the situation continues to evolve.”

- ADM Animal Nutrition

Barentz International enters in acquisition with pet food ingredient supplier Chicago-based Ingredients Inc.

“This is a promising new route, from which both parties will immediately benefit from each other’s strengths.”

- Jim Stewart, Founder and Managing Director of Ingredients Inc.

“We have already implemented strict precautionary actions over and above our standard procedures and protocols. These measures, in line with the guidance of national governments and international advisories, including limiting travel to certain areas, encouraging working from home near outbreak areas, and reiterating good hygiene practices for everyone. We have a dedicated team monitoring the situation, liaising with relevant organizations, and anticipating possible future developments to keep our people informed and safe.”

- DSM

“Due to the fact that the force majeure event is based on a combination of production and supply issue, we are not able to predict by when we can lift force majeure on ThreAMINO.”

- Jurgen Krauter, Head of Communication, Evonik

CONCLUSION

COVID-19 pandemic has taken a toll on the global population and economy. A collaborative effort on government, public health departments, and hospital fraternity to fight the coronavirus has led to economic slowdowns, global lockdowns, and extreme public safety measures. The public health measures include creating awareness about home quarantine measuring, maintaining food and healthcare supply, especially to the poor are being strictly followed by government across the world. Along with the food and healthcare industry, the feed industry is facing problems due to the non-working manufacturing industry. The demand for feed for livestock is high as the maintenance of livestock is an important aspect for breeders. This has increased the reliability on plain feed for animals without the addition of the nutritive value of the feed resulting in a loss in the business. The livestock industry has affected due to pandemic situations which in turn affected the feed additive industry as a result of reduced demand from breeders. Moreover, the poultry industry was battling with the rumors of the spread of COVID-19 through consumption of meat which impacted the market for poultry that affected the feed market in turn hampering the demand for feed additives. However, with the awareness and true information floating on various websites is expected to drive this market globally. Most of the manufacturers have started selling their products on online websites which are estimated to drive the market for online delivery sites and thus, manufacturers of feed additives.

#Feed Additives Market #Feed Additives Market Analysis #Feed Additives Market Analysis in Developed Countries #Feed Additives Market by Application #Feed Additives Market by Type #Feed Additives Market Development #Feed Additives Market Forcast #Feed Additives Market Future Innovation

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net4news · 3 years ago

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People cutting spends on health, grocery as fuel prices bite, say SBI economists - Net4News

MUMBAI: The surge in fuel prices is making people spend less on non-discretionary items like grocery, health and utilities, economists at the country's largest lender SBI said on Tuesday. The government should look at cutting taxes on oil, which is keeping the prices of petrol and diesel elevated, a note authored by group chief economic adviser Soumya Kanti Ghosh said. Petrol prices breached the Rs 100 per litre mark across the country, while diesel is also closing in on the three-figure mark per litre. As per estimates, over Rs 40 per litre goes as taxes and excise to governments at the Centre and states. The taxes were increased when the global crude prices had dropped but have not been rolled back even as crude prices have rebounded. "As consumers are spending more on fuel, it is crowding out expenses on health. Our analysis of SBI card spends indicates that spend on non-discretionary health expenditure has been substantially reduced to accommodate increased expenditure on fuel," Ghosh said. "In fact such spending has more than crowded out the spending on other non-discretionary items, like grocery and utility services to such an extent that the demand for such products has significantly declined," he added. Ghosh warned that the high spending on fuel also has an impact on inflation, which has breached the upper end of the RBI's comfort band for the second month running for June, saying a 10 per cent increase in prices leads to a 0.50 per cent jump in headline consumer price inflation. The note said there is a need for an "urgent cut in oil through tax rationalization", failing which consumer spending on non-discretionary items will continue getting distorted and crowd out discretionary expenses. Meanwhile, Ghosh also wondered if the CSO data showing the headline inflation to be at 6.30 per cent for May, at a time of local lockdowns in many parts of the country, was a "data aberration". Most items in food and non-food have registered a de-growth in June, when compared with May, and core inflation for May has also undergone a large downward revision, he said in support of the doubts expressed on data aberration. Even though inflation has shown marginal decline, the levels are still elevated and combined with a decline in financial savings, are adding to household challenges, the note said. Ghosh estimated that during the second wave period (June 2021 over March 2021), the number of districts with deposits outflows might be double than the first wave. Various leading indicators, including port cargo traffic, freight traffic, railway freight earning, manufacturing PMI, steel consumption have worsened sequentially in June compared to their levels in May, it said. The note said the second wave is showing signs of having a "fat tail" and is not yet over, as daily cases continue to be over 40,000 with Maharashtra and Kerala reporting higher infections. Vaccinations hold the key and the country has given both the doses to only 5.3 per cent of its population, it said, adding that even if the rate of inoculation were to be doubled to 70 lakh a day, it will be March 2022 by the time each adult gets vaccinated. Source link Read the full article

#Businessnews #fuelpricebites #fuelprices #groceryspends #healthspend #SBIeconomists

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linhgd9 · 3 years ago

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Latest Update 2021: Global Freight Forwarders Market With COVID-19 Impact Analysis | Top Key Players | Dimerco, DHL Supply Chain & Latest Update 2021: Global Forwarding, Kintetsu World Express, Sinotrans

Global Freight Forwarders Market Stepped Up to Surge Growth Rate Amid COVID-19 Analysis

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Primary Questions Answered In This Report:

• What is the expected market size and growth rate be during the forecast period? • What are the major market trends? • What are key driving factors of the global Freight Forwarders market? • What are the restraints faced by the Freight Forwarders market? • Who are the key players in the Freight Forwarders market space? • What are the market opportunities and challenges faced by the key players to sustain on the global platform?

Table Of Content:

Section 01: executive summary

Section 02: scope of the report

Section 03: research methodology

Section 04: introduction

Section 05: market landscape

Section 06: market sizing

Section 07: five forces analysis

Section 08: market segmentation by product

Section 09: market segmentation by distribution channel

Section 10: customer landscape

Section 11: market segmentation by end-user

Section 12: regional landscape

Section 13: decision framework

Section 14: drivers and challenges

Section 15: market trends

Section 16: competitive landscape

Section 17: company profiles

Section 18: appendix

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atomicdinosaurdonut · 4 years ago

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Flying Cars Industry Synopsis and Highlights, Key Findings, Major Companies Analysis and Forecast to 2023

Market Synopsis:

Market Research Future (MRFR), in its revised “Flying Cars Industry” report, explores different opportunities of the market. As per MRFR study, the flying cars global market can register 43.68% CAGR through 2022 to 2035. during the forecast period. A key factor that can drive the expansion of the Flying Cars Industry is the high congestion and overcrowding of traffic in urban regions. The promptness in urban development and proliferation of urban population can result in the rise of personal transit and freight movements, which can boost the growth of the Flying Cars Industry. In addition, the growing need to suffice rapidness of the urban mobility can impel the Flying Cars Industry growth. The economic growth can result in the rise of total net worth of an individual, resulting in the adoption of private air travel. These factors can boost the Flying Cars Industry growth. Hence, the adoption of private air travel and other emerging trends can contribute to the expansion of the Flying Cars Industry.

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Segmental Study

The Flying Cars Industry study is segmented by capacity and product.

The product-based segments of the Flying Cars Industry are passenger drones and flying cars. The passenger drone market segment can dominate the global flying car market. Passenger drones are classified as unmanned aerial vehicles (UAVs) as the carriage of passengers is automated. In addition, the swift developments in aerial drone technology and high investment in the designing of eco-friendly drone vehicles can prompt the Flying Cars Industry growth. The rise in need to rectify traffic congestion can influence the adoption rate of passenger drones, thereby benefitting the Flying Cars Industry.

The capacity-based segments of the Flying Cars Industry are 2-person sitter, 5-person sitter, and 4-person sitter. The 2-person sitter segment to dominate the global market. The high number of 2-person sitter flying cars due to their compactness and requirement for less investment as compared to 5-person sitter and 4-person sitters can prompt the Flying Cars Industry. The need to minimize the risk of failure, the influx of cash for investments in innovations, and new entrants dealing in 2-person sitter flying cars can boost the flying cars global market.

Regional Analysis

North America Flying Cars Industry can register an excellent growth across the review period. As per MRFR, North America Flying Cars Industry can thrive at 40.02% CAGR during the assessment period. The US, followed by Mexico and Canada to bring in major profits for the market. The existence of aviation companies, such as Workhorse, Boeing, and Joby Aviation among others can improve the market valuation. In 2022, the estimated value of the market is USD 89.5 Mn, which by 2035 can value at USD 7,116.7 Min. In addition, the high availability of sophisticated technologies to design innovations and funding from government can prompt the regional market.

Europe Flying Cars Industry to secure the second position. The UK, followed by Germany and France to exhibit rapid expansion of the market in the upcoming years. The UK leads in the top ranking countries with high air traffic. This can boost EU Flying Cars Industry. Asia Pacific Flying Cars Industry is observed to emerge. The high demand for flying cars solutions across Japan, China, and South Korea can underpin the expansion of the regional market.

Key Competitors

MRFR profiled key global Flying Cars Industry players. They are; A³ by Airbus (US), Volocopter GmbH (Germany), Boeing (US), AeroMobil (Slovakia), Cartivator (Japan), TERRAFUGIA (US), EHANG (China), Lilium (Germany), Joby Aviation (US), and Uber Technologies, Inc. (US).

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#Flying Cars Industry

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