Factory Supply – Coach Outlet Online S Pick http://coachoutletonlinespick.org/ Tue, 19 Oct 2021 19:40:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://coachoutletonlinespick.org/wp-content/uploads/2021/09/coach-oultlet-online-s-pick-icon-150x150.jpg Factory Supply – Coach Outlet Online S Pick http://coachoutletonlinespick.org/ 32 32 Popular cookware maker may be forced to sell if supply chain issues persist https://coachoutletonlinespick.org/popular-cookware-maker-may-be-forced-to-sell-if-supply-chain-issues-persist/ https://coachoutletonlinespick.org/popular-cookware-maker-may-be-forced-to-sell-if-supply-chain-issues-persist/#respond Tue, 19 Oct 2021 18:52:05 +0000 https://coachoutletonlinespick.org/popular-cookware-maker-may-be-forced-to-sell-if-supply-chain-issues-persist/ Find out what clicks on FoxBusiness.com. A small business owner whose popular kitchen products can be found online at Amazon, Target, and Walmart may be forced to sell their business if serious supply chain issues persist. Susan Castriota is the owner and inventor of Cucina Safe, which is known for cooking utensils including the Cuchina […]]]>

A small business owner whose popular kitchen products can be found online at Amazon, Target, and Walmart may be forced to sell their business if serious supply chain issues persist.

Susan Castriota is the owner and inventor of Cucina Safe, which is known for cooking utensils including the Cuchina Safe Glass Vented Glass Lid and Cover ‘n Cook Glass Microwave Plate Lid.

The Cover’n Cook Glass Microwave Plate Lid. (Castriota Designs)

Castriota, like large companies, faces shipping delays and rising manufacturing costs, which have significantly hampered its ability to sell during key seasons.

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The problems for Castriota and her business began when the pandemic first hit, she told FOX Business.

The first blow came when she said “Amazon has shut down non-essential products so they can focus only on the essentials.”

She then had to make up for weeks of lost sales after she stopped selling Cuchina safe cookware for over a month.

Owner Susan Castriota with Cover’n Cook as a serving dish. (Castriota Designs)

Then, in June 2020, Castriota ordered products from its manufacturer in China, which were due to arrive around September or October for the holiday shopping season – one of the most important quarters for retailers.

But, it never happened.

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“The containers were overdue and this product didn’t arrive until 2021,” Castriota said. “So I missed a very, very important fourth quarter.”

It’s a recurring problem for her.

She placed another order in March 2021, but the product only arrived recently, which means she missed the entire third trimester.

“I have a product, but it’s a product that I couldn’t sell in the third quarter,” she said. “I’m trying to make up both quarters.”

In fact, Castriota has said she has been “on pins and needles” for over a month, wondering if she will even get the product in time for this holiday season.

The Cuchina Safe ventilated glass cover. (Castriota Designs)

On top of that, she said container prices have gone up 300% and that doesn’t even factor in factory prices. It also faces a 27% increase in the unit price to manufacture its products.

“It blows my mind. And now my profit margin is down,” she said.

As a small business owner, Castriota said she has to worry about many other people who depend on her.

“I still have to pay my bills and insurance and everything and my warehouse costs,” she said. “If it continues like this until 2022, I’m not sure I can do it.”

Castriota said she would shut down or try to sell the business to a larger entity with more capital.

I’m just a small business… when you get hit by something like that, it’s big for a small business, ”she added.


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Foreign investment rebounds but overloaded factories go missing https://coachoutletonlinespick.org/foreign-investment-rebounds-but-overloaded-factories-go-missing/ https://coachoutletonlinespick.org/foreign-investment-rebounds-but-overloaded-factories-go-missing/#respond Mon, 18 Oct 2021 15:19:00 +0000 https://coachoutletonlinespick.org/foreign-investment-rebounds-but-overloaded-factories-go-missing/ Foreign investment by businesses around the world surged in the first six months of 2021 as wealthy economies rebounded strongly from the effects of the pandemic, but new bets on manufacturing fell despite widespread signs that capacity is failing. not up to the resurgent demand. The United Nations said on Monday that companies made new […]]]>

Foreign investment by businesses around the world surged in the first six months of 2021 as wealthy economies rebounded strongly from the effects of the pandemic, but new bets on manufacturing fell despite widespread signs that capacity is failing. not up to the resurgent demand.

The United Nations said on Monday that companies made new overseas investment valued at $ 852 billion in the first half of this year, an increase of $ 373 billion from the same period a year earlier. Of that total, three-quarters went to rich countries as businesses responding to the prospect of a rapid recovery driven by the rapid deployment of effective Covid-19 vaccines.

The United Nations Conference on Trade and Development said the rebound was stronger than expected, albeit uneven. While foreign investment in rich countries more than doubled compared to the first half of 2020 – with investment in the United States up 95% – companies cut their new commitments in the poorest countries of the world by 9%. world.

This divergence reflects the outlook for economic growth this year, with poor countries poised for a weaker recovery due to their limited access to vaccines. Foreign investment in East and Southeast Asia, which is dominated by China and has better access to vaccines than the poorest countries, has increased by 25%.

“The terrible pandemic has apparently ceased to be a major drag on economic performance in the advanced world,” said Holger Schmieding, chief economist at German bank Berenberg. “Barring another unpleasant shock such as the emergency of a vaccine-resistant variant of the virus, we expect Europe and the United States to go through fall and winter without further major blockages.” . “

In the years leading up to the pandemic, developing countries claimed a growing share of global foreign direct investment. However, 2021 could prove to be a failure, as rich countries suffered a larger drop in new investment in 2020.

Investments in the United States surged in the first half of the year. Pictured are vehicles and containers at a port in Bayonne, NJ


Photo:

Spencer Platt / Getty Images

UNCTAD said it is now likely that the flow of foreign investment this year will exceed pre-pandemic levels. The agency previously expected this to happen in 2022 or later.

However, most of the rapid rebound was brought on by companies buying or merging with foreign rivals. Although this is a form of foreign investment in a country, it does not increase the overall capacity of the world to provide goods and services.

This capacity is enhanced by so-called entirely new investments, for example a new factory or the expansion of an existing one. But entirely new investment in the industry in the first nine months of this year is down 11% from 2020, with larger declines recorded in the automotive, electronics and chemicals sectors. .

This suggests that companies are not quickly adding capacity to meet the surge in demand that has driven consumer prices up this year. In most wealthy countries, central bankers have said they expect these supply shortages and the pick-up in inflation they generated to be temporary.

In contrast, UNCTAD said foreign investment in infrastructure projects had risen sharply in most wealthy countries, Asia and South America. He attributed the recovery to government stimulus packages and low borrowing costs.

Write to Paul Hannon at paul.hannon@wsj.com

Copyright © 2021 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8


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China’s energy crisis threatens long disruption in global supply chain https://coachoutletonlinespick.org/chinas-energy-crisis-threatens-long-disruption-in-global-supply-chain/ https://coachoutletonlinespick.org/chinas-energy-crisis-threatens-long-disruption-in-global-supply-chain/#respond Sun, 17 Oct 2021 01:01:31 +0000 https://coachoutletonlinespick.org/chinas-energy-crisis-threatens-long-disruption-in-global-supply-chain/ Factory owners in China and their customers around the world have been urged to prepare to make power disruptions a part of life as President Xi Jinping stubbornly wards off the world’s second-largest economy from its dependence on coal. Months of shortages have cut household electricity in northeast China and caused blackouts at factories across […]]]>

Factory owners in China and their customers around the world have been urged to prepare to make power disruptions a part of life as President Xi Jinping stubbornly wards off the world’s second-largest economy from its dependence on coal.

Months of shortages have cut household electricity in northeast China and caused blackouts at factories across the country. But energy demand continues to rise amid record demand for Chinese exports, and the problems will be compounded by the prospect of freezing temperatures in winter.

Despite a wave of interventions from the central government, led by Premier Li Keqiang, Chinese manufacturers and multinationals have been urged to boost energy efficiency in their factories and accelerate investments in renewable energy.

Trueanalog Strictly OEM, a factory producing loudspeakers near Guangzhou, is emblematic of the crisis already plaguing exporters due to frequent blackouts. Owner Philip Richardson said his business was stuck “catching up”.

“It’s the domino effect when you cut off the electricity: it directly affects the adhesives in the production chain, you have to reset the jigging, it takes 20 to 30% of the day’s productivity. . . It really is a chore, ”he said.

Will Jones, chief operating officer of the British Home Enhancement Trade Association, said that a third of members of the DIY and gardening industry said suppliers have extended their delivery times. The ripple effect, Jones said, was additional inflationary pressure and a wider range of product shortages.

“This is impacting an already very difficult situation for suppliers with constraints on the availability of space on container ships and increasing costs,” Jones said.

The Chinese government has taken a short-term, pragmatic approach to alleviating the energy shortage by switching back to more polluting fuels, despite its long-term promises to cut back on coal.

Over the past week, the government ordered a rapid expansion of coal mines. He also decreed sweeping market reforms, forcing all coal-fired power producers to sell on the wholesale market, allowing electricity prices to rise by up to 20% and lifting price caps for some. heavy users.

The overhaul of the market is a “big step” towards liberalizing the electricity sector, said David Fishman, energy analyst at the Lantau Group.

Government actions, however, should not immediately end the power outages.

“A lot of companies have been really surprised by the intensity” of the shortages, said Thomas Luedi, a Shanghai-based energy expert at consultancy Bain. But they had to “recognize that this could be the case again towards the end of the year”.

Luedi added that increases in energy prices would quickly force some manufacturers to cut production, relieving the strained power grid.

“Inefficient producers could fall off the cliff,” he said, pointing to smaller-scale manufacturers of smelting materials such as ferromanganese and metallurgical-grade silicon as the first likely victims.

In Guangdong, China’s largest manufacturing hub, senior officials said nearly 150,000 businesses were affected by energy shortages last month, people familiar with a government briefing told the Financial Times.

In a concession that the problems could not be resolved immediately, Guangdong officials privately warned that rationing would likely persist. They also encouraged companies to use their own power generation, which likely means even greater use of diesel for power generation.

A barbecue stand provides lighting at an industrial park in Houjie, Guangdong province

A barbecue stand provides some lighting at an industrial park in Houjie in Guangdong province, an area affected by electricity restrictions © Noel Celis / AFP via Getty Images

“A lot of businesses are going to go back to their backyard generators. Some of them are illegal. They will have to modernize them, but it is much faster than starting a power plant, ”said a businessman from southern China, who requested anonymity.

“Shortages eliminate 30-40% of uptime and commercial companies suffer the same disadvantage,” he said, adding that power shortages “will not go away tomorrow”.

Richardson, the owner of the plant, has resorted to diesel production despite a five-fold increase in costs, to supply his speakers to customers in Europe and the United States. It has also recruited temporary staff for night shifts and is turning to higher-cost air cargo as a workaround for blocked ports.

Even companies well positioned to benefit from the government’s response, such as those selling mining services and back-up power generation, are struggling to seize the opportunity.

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Nathan Stoner, who heads the Chinese operations of Cummins, a US mining and energy industry group, said that “while there are opportunities,” the company’s operations have been constrained by power outages affecting its factories and those of its component suppliers.

In Britain, Steve Levy, managing director of UK retailer Heat Outdoors, said all but one of his Chinese suppliers of outdoor heaters and hand dryers, mainly based in Jiangsu and Guangdong, had experienced shutdowns. part of the week. Delivery times for a Chinese supplier have increased to six months, from four months during most of the pandemic and 10 weeks before the coronavirus struck.

“I can’t make a decision for April,” Levy said, as he had “no idea” what the market would be like at the time.

Luedi de Bain warned that people should not be “fooled” by China’s reversion to coal to deal with this crisis.

“The trend line is clear. But you have a lot of volatility around the trendline, ”he said. “You only need a few more percentage points of economic growth and that can temporarily destabilize the system.”


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TSMC shares soar on earnings estimates and Japan factory deal, Auto News, ET Auto https://coachoutletonlinespick.org/tsmc-shares-soar-on-earnings-estimates-and-japan-factory-deal-auto-news-et-auto/ https://coachoutletonlinespick.org/tsmc-shares-soar-on-earnings-estimates-and-japan-factory-deal-auto-news-et-auto/#respond Sat, 16 Oct 2021 02:37:00 +0000 https://coachoutletonlinespick.org/tsmc-shares-soar-on-earnings-estimates-and-japan-factory-deal-auto-news-et-auto/ With much of TSMC’s production concentrated in Taiwan, many countries have courted the company to build foundries in their territories. Taipei – Shares of Taiwanese chip giant TSMC soared on Friday, posting better-than-expected profits for the rest of the year and following news of plans to build its first plant in Japan. The world is […]]]>
With much of TSMC’s production concentrated in Taiwan, many countries have courted the company to build foundries in their territories.

Taipei – Shares of Taiwanese chip giant TSMC soared on Friday, posting better-than-expected profits for the rest of the year and following news of plans to build its first plant in Japan.

The world is plagued by a severe shortage of silicon chips that are used in everything from cars and missiles to phones and game consoles.

Taiwan Semiconductor Manufacturing Company (TSMC) operates the world’s largest silicon wafer factories and produces some of the smallest and most advanced microchips.

On Thursday, the tech giant said it expected fourth-quarter revenue of $ 15.7 billion, higher than analysts’ estimates, as demand for chips remained strong.

Third-quarter net income rose 14%, beating expectations, to $ 5.6 billion.

The news was music to investors’ ears, with TSMC’s stock price rising more than 4.5% in morning trading in Taipei.

TSMC’s factories are already operating at full capacity and the company has warned that production will likely remain stretched next year.

“We expect TSMC’s capacity to remain very tight in 2021 and throughout 2022,” Managing Director CC Wei said on a conference call.

“While short-term imbalances may or may not persist, we believe our technological leadership will enable TSMC to capture the strong demand for our advanced and specialized technologies,” he added.

With much of TSMC’s production concentrated in Taiwan, many countries have courted the company to build foundries in their territories.

The company has already pumped billions into building a state-of-the-art foundry in Arizona and announced Thursday that it will build its first plant in Japan.

Work will begin next year and is partly funded by the Japanese government with the expectation that the plant will start producing chips by the end of 2024.

Japanese Prime Minister Fumio Kishida said Thursday evening at a press conference that the agreement “would improve the independence of our country’s semiconductor industry and significantly contribute to our economic security.”

“We will add support for TSMC’s large-scale private investment to our economic plans,” Kishida added.

Japanese daily Asahi said on Friday that the Japanese government was considering financial support of around 500 billion yen ($ 4.4 billion) for the factory project.

Aid will likely be part of the supplementary budget for this fiscal year, the newspaper said, adding that companies such as Sony and auto parts maker Denso could cooperate with TSMC’s operations in Japan.

July-September net profit for TSMC, the world’s largest contract chip maker and a key supplier to Apple Inc, was $ 156.3 billion ($ 5.56 billion), although above the $ 149 billion average of 22 analyst estimates compiled by Refinitiv.


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Dog Bakery in Southington’s Factory Square https://coachoutletonlinespick.org/dog-bakery-in-southingtons-factory-square/ https://coachoutletonlinespick.org/dog-bakery-in-southingtons-factory-square/#respond Thu, 14 Oct 2021 20:46:00 +0000 https://coachoutletonlinespick.org/dog-bakery-in-southingtons-factory-square/ SOUTHINGTON – A dog bakery and pet supply store spanning South Windsor is planning to be the latest addition to Factory Square on Center Street. Owners Laurie Surprenant and Amy Kenkel opened Leaps & Bones at Evergreen Walk in 2008. “We handcraft all of our cookies with natural ingredients, with no preservatives,” Surprenant said. “We […]]]>

SOUTHINGTON – A dog bakery and pet supply store spanning South Windsor is planning to be the latest addition to Factory Square on Center Street.

Owners Laurie Surprenant and Amy Kenkel opened Leaps & Bones at Evergreen Walk in 2008.

“We handcraft all of our cookies with natural ingredients, with no preservatives,” Surprenant said. “We have a range of everything from cannoli for dogs to cakes. “

The pair said they are looking to expand and the Southington location near the Farmington Canal Heritage Trail does the trick. They are looking to open on November 1 and are working to complete the space. It will be called Leaps & Bones Too.

The store will carry everything that is already available at the South Windsor location. Surprenant said the store has built a reputation for quality pet food with all-natural ingredients. This is especially important for animals with dietary restrictions. The store has a pet nutritionist.

“The South Windsor area vets are sending us dogs,” Surprenant said. “We have cat and dog food, we specialize in frozen foods and what big box stores don’t.”

Factory Square

Surprising and Kenkel said they wanted to find a unique location for their second store.

“There’s a really cool vibe,” Surprenant said. “You just walked in and it’s a place we knew we wanted to be. “

The old factory is right next to the trail, a popular walking spot for dogs. The store will have a dog wash station for trail users.

The owners of Leaps & Bones wanted a second location west of the Connecticut River.

“They are super excited that they don’t have to cross the river to come shopping with us,” Surprenant said of customers. “It was part of the call.”

She said they prioritized customer service and offered 401 (k) pension plans to employees, an unusual move for a company of their size. Surprenant said it helps keep workers well informed who log on and remember customers.

“Our staff know pets, they know people,” she said.

Christian Dietz, director of sales and marketing for building owner Florian Properties, said the location made sense for Leaps & Bones as it is a short walk from the town’s dog park.

“We are very happy to add them to the building. They bring a lot to the property in terms of commercial use, but they’ll also have a (dog) wash in there, ”he said. “We think it will bring a lot of people into the building. “

With the addition of a sandwich shop slated for early next year, Dietz said all but one storefront in the main part downstairs of the factory will be filled. Leaps & Bones will join a brewery, craft brewery and arcade game location, cafe, chocolate factory and other businesses in Factory Square.

jbuchanan@record-journal.com203-317-2230Twitter: @JBuchananRJ


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September consumer price index: inflation is on the rise https://coachoutletonlinespick.org/september-consumer-price-index-inflation-is-on-the-rise/ https://coachoutletonlinespick.org/september-consumer-price-index-inflation-is-on-the-rise/#respond Wed, 13 Oct 2021 13:48:52 +0000 https://coachoutletonlinespick.org/september-consumer-price-index-inflation-is-on-the-rise/ The growls show no clear signs of abating, and while Fed officials still believe inflation will subside, there is growing concern that supply disruptions may last long enough to spur consumers and businesses to expect higher prices. If people think their lifestyle will cost more, they may demand higher pay – and as employers raise […]]]>

The growls show no clear signs of abating, and while Fed officials still believe inflation will subside, there is growing concern that supply disruptions may last long enough to spur consumers and businesses to expect higher prices. If people think their lifestyle will cost more, they may demand higher pay – and as employers raise wages, they may charge more for their goods to cover the costs, triggering an upward spiral.

Wages are already increasing, although generally too little to fully offset the amount of inflation that has occurred this year. There are notable exceptions to this, including in leisure and hospitality jobs, where wages have accelerated faster than prices.

The Fed is targeting inflation of 2% on average over time, which it defines using a different but related index, the measure of personal consumption expenditure. This gauge is released more late and has also jumped this year.

Central bankers have said they are prepared to look beyond the price spike because the gains are expected to turn out to be transient, and they expect the long-term trends that have kept inflation at bay. a low level for years dominates over time. But they acknowledged that the rapid price gains lasted longer than expected and expressed their suspicion.

“I, like most of my colleagues, believe that the risks to inflation are on the rise, and I continue to be alert and attentive to the underlying trends in inflation,” said Richard H. Clarida, vice president of the central bank, in a speech. Tuesday.

Fed officials are already planning to cut their $ 120 billion in monthly asset purchases soon, a process often referred to as phase-down and the first step away from crisis politics. The Fed’s more traditional tool, the fed funds rate, stays close to zero and is expected to stay that way for some time.

The fact that the Fed is about to start scaling back could mean it will be more nimble if it has to raise rates to control inflation next year.



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Vietnam to slow global supply chains despite lockdown lifted https://coachoutletonlinespick.org/vietnam-to-slow-global-supply-chains-despite-lockdown-lifted/ https://coachoutletonlinespick.org/vietnam-to-slow-global-supply-chains-despite-lockdown-lifted/#respond Tue, 12 Oct 2021 09:03:05 +0000 https://coachoutletonlinespick.org/vietnam-to-slow-global-supply-chains-despite-lockdown-lifted/ After nearly three months of lockdown, Vietnamese towns and villages, offices and factories are slowly coming back to life after social distancing restrictions were relaxed in early October. However, labor shortage issues continue to plague the country’s manufacturing and export industry which caters to global customers including sportswear retailers Nike and Adidas and smartphone manufacturers. […]]]>

After nearly three months of lockdown, Vietnamese towns and villages, offices and factories are slowly coming back to life after social distancing restrictions were relaxed in early October.

However, labor shortage issues continue to plague the country’s manufacturing and export industry which caters to global customers including sportswear retailers Nike and Adidas and smartphone manufacturers. Apple and Samsung Electronics.

Factory workers, many of whom had returned to their villages after southern Vietnam’s industrial centers remained closed for nearly a quarter, are now struggling to return to cities due to vaccination protocols and test.

ASEAN vaccination rate – Source: Panthéon Macroéconomie

Businesses “hope” for a recovery

Bloomberg reported that only 20% to 30% of workers returned to the shoemaker Pou Chen’s factory in Ho Chi Minh City.

“Plant closures in Vietnam, coupled with the country’s integration into global supply chains (particularly in retail and clothing, and electronics), have caused severe disruption in production for multinational enterprises (MNCs), “said Chua Han Teng, economist at DBS.

“These companies are somewhat hoping for a resumption of operations in the coming months, as part of the reopening efforts. They aim to increase manufacturing capacity until the holiday season and seek to restore activity to normal afterwards. However, recovery from plant closures would take time and part of the production has been temporarily diverted to other alternative locations, in order to meet higher seasonal demand, ”Chua added.

Vietnam manufactures 49% of Nike sneakers

Footwear exports fell 40% in August from the previous month, according to official trade data, while textiles and clothing exports fell about 15% during the same period. Data for September is expected to be released later this week.

Local media Zing News reported that nearly 70 percent of Vietnamese textile, garment and footwear companies have been fined by their customers for late delivery.

Nike last month lowered its sales forecast for fiscal 2022 and said it expected inventory delays during the holiday shopping season, with half of Nike’s footwear production based in Canada. Vietnam. According to S&P Global, Vietnam accounted for 49% of U.S. maritime imports related to Nike and its products in the second quarter of 2021.

Not just a labor shortage

S&P Global added that 82% of Nike’s shipments to Vietnam in the past 12 months ended June 30 were shoes, which contributed about 66% of the company’s total revenue for the fiscal year ended May 31, 2021. .

The situation is unlikely to be resolved soon as port congestion, container shortages and rising shipping rates add to the labor shortage problems for Vietnamese exporters.

“Logistics are facing a lot of issues right now. Containers going to the United States and Europe do not return to Asia. Because all of those boxes are stuck there, the container charge that was previously $ 2,000 per box is now $ 16,000 or $ 18,000 per box, ”Research Manager Suan Teck Kin told Capital.com. at UOB Global Economics & Markets Research.

Long delivery times for iPhone 13

“So all of these supply issues are impacting producers. They can receive the order but cannot deliver it, ”Suan said.

Major retailers, including iPhone maker Apple, are worried about whether the disruption in Vietnam will affect its year-end sales. Nikkei Asia Review reported that buyers of Apple’s new iPhone 13 may face longer-than-expected delivery times due to manufacturing delays in Vietnam.

Sources told Nikkei of a lack of supply in inventory of camera modules for Apple’s latest flagship model. “We can do nothing but monitor the situation in Vietnam every day and wait for them to increase production,” sources told Nikkei.

Vietnamese GDPVietnam’s GDP – Source: Macrobond, UOB Global Economics & Market Research

Decline in GDP in the third quarter

“So for Vietnam, I suspect the test will be how quickly they can get back to normal,” UOB’s Suan said.

As the world got used to the ‘new normal’ of the pandemic era, Vietnam’s severe economic contraction in the third quarter of 2021 showed how unpredictable and devastating the effects of Covid-19 can be on the economy of ‘a country.

“Contrary to our expectations of a positive reading, the magnitude of the contraction in Vietnam’s overall GDP in 3Q21 (gross domestic product) is surprising, highlighting the damage caused by the highly contagious Delta variant of the COVID- virus. 19 in the world, ”UOB Global Economics & Markets Research said in a note.

The third quarter saw Vietnam’s worst quarterly economic contraction on record, as gross domestic product growth fell -6.17%. The economic contraction was so unexpected that it forced the country’s one-party government to raise the white flag and abandon its zero Covid strategy.

Retreat from the zero-Covid approach

“Importantly, the grim impression of Q3 GDP masks a real turning point in the economy this month, triggered by the government’s decision to abandon its no-compromise ‘Zero Covid’ approach,” said Miguel Chanco, senior economist for Asia at Pantheon Macroeconomics.

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Global coal shortage could hit Nepal too, manufacturers say https://coachoutletonlinespick.org/global-coal-shortage-could-hit-nepal-too-manufacturers-say/ https://coachoutletonlinespick.org/global-coal-shortage-could-hit-nepal-too-manufacturers-say/#respond Mon, 11 Oct 2021 01:47:17 +0000 https://coachoutletonlinespick.org/global-coal-shortage-could-hit-nepal-too-manufacturers-say/ India is on the brink of an unprecedented energy crisis as its coal stocks, which power more than half of the country’s 135 coal-fired power plants, are at a critical level. The coal shortage in India, where 70% of electricity is produced using coal, has become a major cause for concern as it threatens to […]]]>

India is on the brink of an unprecedented energy crisis as its coal stocks, which power more than half of the country’s 135 coal-fired power plants, are at a critical level. The coal shortage in India, where 70% of electricity is produced using coal, has become a major cause for concern as it threatens to derail the post-pandemic economic recovery.

The repercussions of the global coal shortage are also expected to be felt in Nepal.

This could deal a blow to Nepalese manufacturers – mainly cement, iron, steel and brick factories – who rely heavily on coal for production. Manufacturers say prices for building materials could skyrocket during peak construction season, which could impact the country’s development plans.

Mid-September to mid-December is the main season where most construction activity takes place due to the weather factor – the monsoon ends and fall sets in.

“If the severe shortage persists for weeks, many factories could close,” said Dhurba Raj Thapa, president of the Nepal Cement Manufacturers Association.

According to him, the price of coal has already crossed $ 200 per tonne in a few months against $ 70 per tonne. It is almost three times higher.

“The cost of production will increase accordingly,” Thapa said.

“If the shortage persists, we have to close the cement factories,” he said. “Nepalese cement factories currently have a stock of coal that can last up to a month and a half.

According to the association, there are 64 active cement factories in the country. Among them, 21 factories also produce clinker. The coal crisis could jeopardize the cement industry in Nepal, putting the jobs of around 10,000 people at risk.

Thapa said that the clinker production plants will be automatically closed with the coal shortage and without clinker, cement production is not possible. The shortage in India means it will not export clinkers to Nepal either, according to the manufacturers.

The price of cement is expected to increase by at least Rs 100 per bag, Thapa said.

A bag of cement, weighing 50 kg, costs between Rs550-650.

According to Thapa, the country mainly meets all of its coal demand with imports from Australia and South Africa, followed by India.

According to Indian media, the main reasons for the shortage of supply in India are the below normal build-up of stocks by thermal power plants during the period April-June and the continuous rainfall in the coal areas in August and September. resulting in lower production and shipments of coal from the mines.

The state-owned Coal India, which produces more than 80% of India’s coal, said that an increase in global coal prices and transportation costs had led to a reduction in electricity production by power plants using carbon. imported coal, adding to the pressure on utilities using domestically mined coal to ramp up the output.

In addition, the sharp increase in demand for electricity with the economic recovery from the coronavirus pandemic has affected supply, leading to coal shortages around the world.

Coal accounts for over 70 percent of India’s electricity production and utilities account for about 75 percent of India’s coal consumption.

India is the second largest producer of coal in the world after China and also one of the largest consumers.

Benchmark coal prices in Asia have reached record highs in recent times, supported by global demand for fuels for power generation as economies open up. A major energy crisis in China is the latest event driving global fuel demand.

The brick makers are too worried.

With the end of the four-month long monsoon season and the decline in Covid-19 cases, brick producers expected a recovery after the festivals.

But the global coal shortage has been a huge setback for the country’s brick industry which relies entirely on imported coal.

Mahendra Bahadur Chitrakar, chairman of the Nepal Brick Industries Federation, said stocks of coal were collapsing at most brickyards amid a peak production season.

“I don’t know how to run the factory after Tihar. I don’t have any coal in stock, ”Chitrakar, owner of the Uma Maheshwar Brick Factory in Chandragiri, Kathmandu, told the Post. “If the coal supply doesn’t improve, we have to shut down. “

The brick factories are entirely dependent on imported coal from India. Chitrakar said it will be very expensive to produce bricks using electricity.

There are approximately 1,250 brick factories in the country which directly employ approximately 350,000 people, who are now on the verge of losing their jobs.

The impact of the coal shortage is less visible on steel plants because they use electric arc furnaces.

Kiran Prakash Saakha, senior vice president of the Nepal Steel Rolling Mill Association, said the global coal shortage will not have a “serious impact” on steel plants, as most of them use electric arc furnaces.

The importation of coal is enormous in Nepal.

According to the Nepal Rastra Bank, the country imported coal worth Rs 27.19 billion in fiscal year 2020-21.


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Stock investors fear supply chain issues could hurt profits https://coachoutletonlinespick.org/stock-investors-fear-supply-chain-issues-could-hurt-profits/ https://coachoutletonlinespick.org/stock-investors-fear-supply-chain-issues-could-hurt-profits/#respond Sat, 09 Oct 2021 21:05:19 +0000 https://coachoutletonlinespick.org/stock-investors-fear-supply-chain-issues-could-hurt-profits/ (Bloomberg) – Reopening demand and abandoned containers have created bottlenecks in supply chains just as the holiday shopping season kicks off in North America. It also leads to downward revisions to analysts’ estimates for the next earnings season. Few people expect supply grunts to end this year as an energy crisis stokes inflation fears. Caution […]]]>

(Bloomberg) – Reopening demand and abandoned containers have created bottlenecks in supply chains just as the holiday shopping season kicks off in North America. It also leads to downward revisions to analysts’ estimates for the next earnings season.

Few people expect supply grunts to end this year as an energy crisis stokes inflation fears. Caution is required in the semiconductor, retail and commodity industries.

“Supply chain problems will persist, causing dramatically higher prices and major upheaval in parts of markets that no one expects,” said George Ball, chairman of the Houston-based investment firm. Sanders Morris Harris. “Almost all segments of the economy that are not purely service or technology driven will be struggling with supply chain issues for a long time. “

The many reasons why global supply chains have become so hassled

Here are some of the challenges and opportunities identified by investors for key sectors ahead of the earnings season:

Semi-snags

For the semiconductor industry, more capacity is expected to emerge only towards the end of 2022 due to plant closures and longer delivery times. An electricity crisis in China could also worsen the situation by closing factories.

However, with the reopening of hubs such as Malaysia, the pricing power of some companies could weaken, especially at a time when the costs of materials such as silicon are skyrocketing.

DRAM and NAND chip prices already appear to be peaking, and 12-month earnings estimates for chipmaking giants Samsung Electronics Ltd., Micron Technology Inc. and Intel Corp. have fluctuated or fallen over the past two months. Stocks are down about 20% or more from recent highs.

“While many of them have seen record earnings increases, stocks have not followed suit,” said Christopher Rolland, analyst at Susquehanna. “It tells me that at this point some of that dismay is spilling over into stocks more broadly.”

The world is running out of computer chips. Here’s why: QuickTake

Automatic woes

Chip shortages are also behind the estimated $ 210 billion in lost sales for automakers this year. Many reported a drop in third-quarter revenues, made worse by traffic jams and port congestion. However, with the industry’s problems well documented, some analysts see most of the downsides already addressed.

“We consider the third quarter to be probably the trough in terms of automotive production” in the United States, although there may be multiple cuts to forecasts from suppliers, analysts at Morgan Stanley wrote on Wednesday, including Adam Jonas. “But the production cuts seem well telegraphed, so don’t be surprised to see investors buying the 3Q chip drop.”

The MSCI AC World Automobiles & Components Index has climbed to a relative seven-month high against the overall market since late August.

Automakers such as Tesla Inc. and Toyota Motor Corp. appear to be handling shortages better than others, with the Japanese automaker reporting a 1.4% increase in sales in the last quarter.

“Toyota has handled its chip sourcing very well so far,” as they approached supplier relationships differently after an earthquake earlier this year halted production, said Tineke Frikkee, head of UK equity research at Waverton Investment Management.

The wait for semiconductors becomes worrisome for automakers

Retail problem

A 65% drop in Bed Bath & Beyond Inc. shares since early June illustrates the problems facing retailers around the world, with multiple bottlenecks in their supply chains, just as they have to source for the most important time of the year. One industry indicator lags the broader market by more than seven percentage points this semester as companies cut their sales and profitability forecasts.

The challenges will have a “modest” impact on third quarter margins and will have a larger effect in the next one, which captures the holiday season, said Cristina Fernandez, analyst at Telsey Advisory Group.

Plant closures make matters worse. Nike Inc. lowered its sales forecast in late September due to shutdowns in Vietnam, where tens of thousands of workers are now leaving the core of the factory. Deckers Outdoor Corp., Skechers USA Inc., Adidas AG and Under Armor Inc. also have at least a quarter of their production in Vietnam, according to Wedbush Securities analyst Tom Nikic.

“That said, the most exposed stocks have fallen by around 20% on average since mid-August, so we think investors have digested most of these issues,” Nikic wrote in a note Monday.

Crude pain

What worsens margins is the shortage of supply in the raw materials sector, pushing up raw material costs even further for companies already facing logistics challenges.

“The next disruption in supply and demand is on the energy front,” said Zhikai Chen, head of Asian equities at BNP Paribas Asset Management. “We could see other supply problems if energy rationing were to become widespread.”

Citigroup’s Global Earnings Revision Index – a global measure of analysts’ improvements minus downgrades to earnings expectations – is slumping into negative territory after hitting a record high in May.

Cotton soared by nearly a new decade on Thursday, as decarbonization policies in China and India led to an acute coal crisis and natural gas prices in Europe soar.

Yet energy shortages and high oil prices are expected to be positive for green energy producers, electric vehicles, the battery industry and the entire green energy supply chain, Willem said. Sels, Director of Private Banking Investments and Wealth Management at HSBC Holdings Plc.

Not spared

Industrial and construction companies are expected to warn of supply chain issues as they begin reporting third quarter results later this month. Supermarkets, consumer staples and e-commerce businesses are facing a shortage of truck drivers in some parts of the world.

And shippers still face a shortage of freight containers in the right place for the right price.

“The industrial at large, the food sector and the construction industry are largely unscathed and are vulnerable to further corrections to reflect the risks,” said Sanders Morris Harris’s Ball.

© 2021 Bloomberg LP


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Japanese, US business leaders call for improved supply chains https://coachoutletonlinespick.org/japanese-us-business-leaders-call-for-improved-supply-chains/ https://coachoutletonlinespick.org/japanese-us-business-leaders-call-for-improved-supply-chains/#respond Thu, 07 Oct 2021 06:56:31 +0000 https://coachoutletonlinespick.org/japanese-us-business-leaders-call-for-improved-supply-chains/ Japanese and US business leaders agreed on Thursday that supply chains for essentials need to be further diversified among like-minded countries as the coronavirus pandemic has exposed vulnerabilities. After two days of talks, the business councils of the two countries said cooperation among allies, as well as between the public and private sectors, is needed […]]]>

Japanese and US business leaders agreed on Thursday that supply chains for essentials need to be further diversified among like-minded countries as the coronavirus pandemic has exposed vulnerabilities.

After two days of talks, the business councils of the two countries said cooperation among allies, as well as between the public and private sectors, is needed to build “resilient and reliable” supply chains and mitigate losses. risks for businesses.

The pandemic has exposed vulnerabilities in supply chains for a range of products from semiconductors to COVID-19 vaccines. The global chip tightening and parts shortages due to plant closures in Southeast Asia have clouded prospects for a sustained economic recovery led by manufacturers.

The councils said in a joint statement that “relocation”, or bringing production back home, is “neither realistic nor desirable,” adding that the key to building strong supply chains is their diversification between. different nations, especially like-minded ones.

The leaders also called on the governments of Japan and the United States to support corporate efforts to tackle human rights abuses, including forced labor, in global supply chains, an issue which has gained attention amid concerns about human rights conditions in the Muslim Uyghur community. minority in the Xinjiang region, in the far west of China.

The Japanese and US governments are seeking to deepen their cooperation to strengthen supply chains for critical products such as computer chips and batteries. The move comes amid growing rivalry between the United States and China as they vie for technological superiority.

Business leaders urged their governments to promote and adhere to “high level” trade agreements such as the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership.

China and Taiwan are both seeking to join the 2018 free trade pact without the United States, which withdrew as President Donald Trump prioritized bilateral deals. Japan is a member of the 11-nation framework.

About 60 business leaders from Japan and the United States discussed various topics, including managing the impact of the pandemic on decarbonization, at the virtual meeting hosted by the Japan-US Business Council and the US-Japan Business Council.

They said vaccination certificates were essential to a swift resumption of cross-border travel and urged the two countries to create a roadmap for the “step-by-step” lifting of entry restrictions.

“We encourage governments to remove barriers to private sector collaboration by facilitating a globally consistent regulatory framework for international travel that establishes common standards and reciprocal relaxation of science-based entry restrictions, such as recognition of accepted vaccination documents issued in the other country, ”the statement says.

Regarding decarbonization, a key theme that will affect companies in the years to come, the councils welcomed the two commitments made by their governments to achieve carbon neutrality.

Climate targets set by governments should be “attainable, sustainable” and developed in close coordination with the private sector, the statement said.

Business leaders called for clarifying policies to achieve the desired energy mix so that companies can boost investment in innovative technologies.

Japan and the United States both aim to reduce carbon dioxide emissions – which are responsible for global warming – and achieve carbon neutrality by 2050.

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