petewootton1984
10+ Views

Department of Labor Overtime Changes and Automated Time and Labor Management

The Department of Labor recently increased the earnings threshold for employees to be classified as exempt from overtime compensation.  This will require that employers evaluate their systems for tracking time worked.  This change is just one of the many ways state and federal regulators are elevating their oversight of how employers compensate their non-exempt employees.  To minimize compliance risk, employers need to evaluate their systems for tracking time worked and appropriately pay overtime to eligible employees.

The complexity of managing and paying employees in today’s highly regulated employment environment requires a comprehensive system that does not rely on the integration of separate systems.  Payroll Heavens platform has the payroll, time and labour, and human resources capabilities employers need, all housed on one database and one application.

Workforce One delivers enterprise-class time and labour management capabilities including:

Sophisticated Pay Calculation Engine supporting more than 250 calculation rules
Multiple-EIN functionality that supports employees working in more than one legal entity
Custom Overtime Flags
Approaching Overtime Email Triggers
Multiple Time Collection Profiles
Overtime Requests
Daily/Weekly Overtime Reports and Notifications
Discretionary Bonus Calculations
Quarterly Salary Level Reporting
Catch-up Payment Support
Blended Hours Overtime
Weighted Average Overtime
Tipped Overtime
Multiple Pay Rates – Individualized or Global Rate Tables
Workday Breakdown
Scheduling Application

Read More:
Comment
Suggested
Recent
Cards you may also be interested in
Tips to Increase Remote Employee Engagement
Many companies are now seeing the advantages of remote workforce engagement, which is leading to increased adoption. Many businesses find it appealing to recruit and retain highly competent staff in locations where they wish to reside. And employees love the ability to work remotely for most or all of their working day while still enjoying competitive employment conditions, including salary levels and benefits. From Fortune 500 companies to small businesses, there are many reasons why people choose to work remotely. Remote workers have more flexibility and autonomy over their schedules which makes them happier employees overall. Businesses save money on office space costs since they don’t need as much space for their employees anymore! However, employees who work remotely are more productive. This is the most obvious benefit of a remote team. People who work from remote places tend to be able to get their work done more quickly and avoid wasting time on distractions like office chatter, gossip, bathroom breaks, etc. When people can focus better, they create better results. Thus, better management of remote employees contributes in the following ways to accelerate your business growth- · Better retention of employees · Enhanced productivity · Improved client satisfaction · Increased innovation · Greater business reach · Better talent acquisition Ways to Increase Remote Employee Engagement - 1. Encourage social interaction 2. Promote knowledge sharing sessions through virtual meetings 3. Encourage peer-to-peer feedback 4. Assist your employees with the right tools to work 5. Give employees the flexibility to work How to manage remote employees with WorkStatus? The WorkStatus is a web-based project management software that is one of the most popular functions. It allows teams to make the most of their time together by setting working hours and task durations. One of its features is that it will enable you to determine when someone is at work, what they’re doing, and where they are. Workstatus’ remote employee monitoring service can help businesses save money, productivity tracking, manage projects, and track the time and engagement of an off-site team. You can easily manage your remote employees with WorkStatus as it provides the following benefits- · Track employee engagement with data and reports. · It automates project management. · Easy to control and view the system of remote workers. · Track tasks, time, costs, projects and manage the schedule. · Conduct interactive coaching sessions with workers across the globe. Sign up today to claim your free trial of employee monitoring software here - https://bit.ly/37AhKLB SOURCE : 7 Tips For Managers to Increase Remote Employee Engagement
Most Importance of Courier Services for your Online Businesses
In business, the pace of progress is so high. To achieve goals, products must move quickly from one place to another. Life is so rapid nowadays, and no one wants to wait for days or weeks for a single thing to receive or deliver. To provide timely delivery, an online business needs a courier service. The time of deliverance at the destination is crucial because it does not matter how instantly you made a product. If it is not delivered on time, it will be a total waste. What is a Courier Service? A courier service aims to send a parcel from one location to the destination as quickly as possible. They can be booked or even paid online just at one touch. A sender can decide whether a courier may collect it or it will be delivered to a nearby location and later be picked up by the courier. It is vital to use a courier service for shipping Canada to transport products safely and efficiently to the U.S. They need an experienced courier service that can provide affordable rates and assistance in customs procedures. Online businesses Most people prefer to manage their businesses online. They engage a large population. Online businesses are beneficial in attracting people across borders. Online business is the new form of business, and it is flourishing rapidly. But one thing that ensures the growth of these businesses is courier service. Sending your product to different areas of the world is troublesome. But a reliable courier service can make the functioning of your business relatively smooth. They are known for their tracking capabilities and super speed of deliverance. Importance of well-grounded courier service A trustworthy courier service works as a backbone for an online business. It acts as a bridge between you and your customer. Many people are still hesitant to trust such courier services. But its importance and benefits are so convincing. Time is very precious, not just for the customer but for the business owner as well. Sometimes, things are time-sensitive that must be delivered on time. In such situations, courier service can be significantly faster than any other method. On-time delivery increases the chances that the customer will come again. There are some susceptible products, and they need proper attention. A reputed courier service gives details on how they will handle the product from picking to transportation. Sometimes you feel restless because of the package, whether it is conveyed to the customer or not. This can be so problematic or even affect your peace of mind. The delivery tracking system is an efficient feature provided by many courier services. That keeps you aware of where your shipment is via email, SMS, or phone calls. Receiving any products after due time or mishandled packages can easily change anyone's mood. The worth of your product drops to zero within seconds. Choosing the exemplary courier service to avoid such an experience is essential. After all, customer satisfaction is the priority of any online business owner. And the reviews from the customers can be a game-changer for the whole business. Common issues There can be some issues related to the courier service, like the delay in delivery of the product or mishandling of the product that can create a wrong impression on the customer. The uncertainty in the location of the shipment might cause a panic attack. Some companies provide the cheapest rates. That can be appealing at first but they compromise on their services.
Significant COVID-19 Impact on Hand Tools in the Semiconductors & Electronics Industry
COVID-19 Impact on Hand Tools in the Semiconductors and Electronics Industry COVID-19 made a major impact on the hand tools market as almost every country has opted for the shutdown for every production facility except the ones dealing in producing the essential goods. To prevent the spread of coronavirus disease, the government has taken some strict actions such as the shutdown of production and sale of non-essential goods, blocked international trade, and many more. The only business which is dealing in this pandemic situation is the essential services that are allowed to open and run the processes. The companies such as pharmaceuticals and chemicals, among others, are allowed to continue operation but with certain safety rules. A hand tool is any tool that is not a power tool – that is, one powered by hand (manual labour) rather than by electricity or fuel. Some examples of hand tools are garden forks, secateurs, rakes, hammers, spanners, pliers, screwdrivers, chisels, and others. Hand tools are generally less dangerous than power tools. The global hand tools market size is estimated to be USD 8.4 billion in 2021 and is projected to reach USD 10.3 billion by 2026, growing at a CAGR of 4.0%. The growth of the market is attributed to the increasing commercial as well as residential construction and infrastructure projects, adoption of hand tools in households for residential/DIY purposes as well as growing manufacturing setups and increasing repair and maintenance operations across the world. However, factors such as an increase in safety risks and concerns due to improper use of hand tools are restraining the market growth. The shutdown of production facilities during the pandemic situation has had a significant impact on the market. The future of the hand tools market looks promising, with opportunities in increasing commercial as well as residential construction and infrastructure projects. The global hand tools market is expected to decline in 2020 due to the global economic recession caused by COVID-19. However, the market will witness recovery in the year 2021. The major drivers for this market are the increasing commercial as well as residential construction and infrastructure products. Emerging trends, which have a direct impact on the dynamics of the hand tools industry, include the introduction of more efficient power tools and the increase in hand tool automation to reduce physical work that might boost hand tool usage. IMPACT ON PRICE Although the COVID-19 pandemic continues to transform the growth and prices of various industry-related products, the price of the products with respect to the hand tools market maintain a steady line throughout the pandemic. This denotes that there are no major changes in the price of the hand tools due to the effect of the pandemic. IMPACT ON SUPPLY CHAIN Supply chains are complex systems where the risks and costs associated with mismanagement and communication failures in globally connected organizational networks are relatively high. For instance, · In May 2019, Stanley Black & Decker announced the opening of a new plant for the production of its brand CRAFTSMAN in Fort Worth, Texas. The new facility has an area of 425,000-square-foot and is expected to employ approximately 500 full-time employees Some of the most influential factors that affect the supply chain in regards to the hand tools manufacturing companies are companies seeking strategies to protect their position in the value chain, looking for new markets, finding new possibilities to leverage skills and offering more value to customers. AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE MARKET Government efforts to encourage the adoption of hand tools in household alternatives have developed at a rapid pace in recent years. Governments in the European Union, China, Japan, Canada, India, and South Korea are among the major geographies where governments are taking aggressive measures to increase the adoption of hand tools in residential/DIY purposes as well as growing manufacturing setups and increasing repair and maintenance operations. For instance, · There have been some major policy developments in the European Union. Improvements in hand tool requirements and the digitalization of hand tool based industries, which focuses on government procurement of increased usage of hand tool based systems which form a greater initiative · Another guideline, the 'Performance Buildings Directive,' has been established, which establishes minimum requirements for hand tool infrastructure installation in buildings Such favourable initiatives are anticipated to boost the adoption of hand tools in commercial and residential based projects and thus drive the adoption of the repair and maintenance operations market during the forecast period of 2021 to 2028. STRATEGIC DECISIONS OF MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE Revenue growth for the hand tools market has experienced a decline in 2020 due to constricted economic activity expected as a result of the COVID-19 outbreak. So, the hand tools manufacturing companies have adopted various strategies to overcome the decline in revenue. Some of the most common strategies adopted by industries are as follows, · The reduction of experimentation costs due to the speeding up of the testing phase · The reduction of the number of costly physical prototypes and redesign linked to their fast obsolescence · The improvement of design quality via the availability of information very early on in the development process CONCLUSION Pandemic has taken a toll on every aspect of life, including the global economy. With the significant downfalls in many sectors, a collaborative effort of government, industry players, and consumers could win the fight against COVID-19. Also, COVID-19 has likely influenced the development of the hand tools market because of the closing down of processing plants, impediment in-store network, and decline in the world economy. With COVID-19 affecting countries at different times and rates, access to global demand through open markets, the pandemic situation created by COVID-19 has a major impact on the hand tools market as it has lowered its demand owing to the shutdown of most of the manufacturers all across the globe. Along with industrial disruptions, the commercial, construction, and infrastructure projects across the world were either cancelled or put on hold owing to the lockdown impositions. On the other hand, as the homeowners spent most of their time at homes during the pandemic, there was a noticeable shift in focus towards home improvements, interiors and home decoration activities at the residential/DIY level, which in turn called for a slight demand for hand tools. Thus, the hand tools and woodworking tools market is getting affected by COVID-19. This has resulted in a lower estimated year-on-year growth rate as compared with 2019. On the other hand, improvisation of technologies has led to gain strong industrial growth. However, the growth has been high after the market has opened after COVID-19, and it is expected that there would be considerable growth in the sector owing to high technology and interfaces that are expected to drive the overall demand of the market.
How COVID-19 Impacted Additive Manufacturing Market in Pharmaceutical Industry ?
COVID-19 Impact on Additive Manufacturing in Pharmaceutical Industry The outbreak of Coronavirus has caused many industries to change the way they operate, and manufacturing industry is no exception. Also, the rise in demand of antiviral drugs was observed along with decrease in demand of drugs for other ailments. The European Fine Chemical Group estimated that 80% and upward of chemicals used in the making pharmaceuticals sold in the Europe region originate from China and India. Everyday millions of patients rely on drugs manufactured and supplied by pharmaceutical industries; shortage of any particular medicine may create chaos. Manufacturers served throughout the pandemic and are still operating to prevent such turmoil. IMPACT ON DEMAND The Coronavirus led to the widespread closure of local manufacturing plants and companies and has badly affected the various region of world. Due to extensive lockdown and isolation the economic activity has affected adversely which has impacted the global economic activity. Manufacturers began to diversify sourcing of raw materials along with investment in spreading production in different regional markets instead of concentrated markets such as India and China. Likely to be long term effect is reindustrialization of pharmaceutical production in countries such as the United States and Europe in order to minimize dependency on imported products, this would lead to rise in demand of additives in above mentioned countries. Moreover the increasing cases of COVID-19 have also paved the way for enhanced demand of additives but due to movement restrictions same decrease in sales was recorded. For instance, · In January 2021, BASF SE had no indication of any major effect on the global activities and supply chain of our BASF Nutrition & Health sector comprising of BASF Pharma Solutions, BASF Animal Nutrition, BASF Human Nutrition, BASF Enzymes and BASF Fragrance Ingredients owing to the COVID-19 pandemic. · In 2020, DuPont de Nemours, Inc. recorded decrease in earning of excipients sales, which belonged to Nutrition and Biosciences segment. This thus signifies that increasing prevalence of COVID-19 poses a life threatening effect to various types of patients already suffering from several kinds of disease among the most recent known COVID-19 pandemic. Thus the demand of effective treatment option that is antiviral drug has enhanced the supply for short term. This thus demonstrates that COVID-19 is accelerating the demand of additive market. PRICE IMPACT Throughout year 2020 the COVID-19 pandemic caused economic turmoil globally, the pharmaceutical industry in particular had to adapt quickly to minimize the impact on its operations and supply chain of drugs worldwide. Raw materials and additives rates have increased due to reduced supplies and delayed manufacturing plans, and shut downs in some countries. The price of additives and raw materials has increased during the COVID-19 pandemic due to numerous air travel restrictions and inefficiency to supply products. For instance, · The shortage has begun to affect API and bulk prices in trades, the average increase in India was reported to be about 10-15%, and is estimated to reach 50% in some cases. · WACKER Chemie AG a Germany based company is about to raise its prices for dispersions and solid resins in Europe, Africa and Middle East region stating that this measure has been necessitated by rise in price of raw materials cost in market. · The Edelweiss Securities predicted that COVID-19 pandemic would cause severe supply disruptions in pharma sectors causing earing cuts by 15%. But globally pharma companies are performing well, in short term most companies are expected to bounce back in five years. This thus signifies that due to COVID-19 pandemic the price of additives used in pharmaceutical productions have increased due to Coronavirus outspread. IMPACT ON SUPPLY As COVID-19 spreading began in China the surge of medicines has been enhanced due to increasing patient’s volume which put a pressure over the supply of pharmaceutical additives. Moreover the COVID-19 pandemic has changed the business environment for more organizations across the globe. Around the world many companies are hugely reliant on supplies and production in China. However the market players are adopting several initiatives in order to maintain a continuous supply of additives. For instance, · As per the news of September, 2020 this has been suggested that Sandoz is working closely with the Association for Accessible Medicines in order to enhance the global pharmaceutical supply chain. · In 2020, Ashland which is an essential supplier, their supply chain continued to operate safely receive, process and ship specialty products during COVID-19. · As per November 2020 Merck KGaA a company specialized in additives and chemicals stated that it continued to leverage their business continuity plans including risk mitigation activities, accelerated investments and adjusted production schedules for few high demand products. · According to the news of March 2020, Roquette Frères stated that they are working in order to minimize the COVID-19 impact on its supply chain. · As per February 2020, FDA closely monitored supply chain with the possibility of potential disruptions in supply of critical medical products in the U.S. Manufacturers alerted FDA about recently added drugs in drugs shortage list. · DFE Pharma claims that their continued production and supply during the pandemic was not affected in Netherlands, India, Germany and New Zealand. Apparently due to COVID-19 effects on global transport industry the shipping companies are charging more than usual. This suggests that increasing prevalence of COVID-19 poses threat for maintaining a continuous supply chain of additives while initiative adopted by market players allows them to manage a continuous supply chain. STRATEGIC DECISIONS OF MANUFACTURERS Additive manufacturing companies are taking so many strategic decisions in order to cope up with the current scenario of COVID-19 pandemic. The companies engaged in manufacturing of additive manufacturers are collaborating so as to accelerate the market growth. Companies have already taken several kinds of strategic initiatives in order to cope up with the Coronavirus situation. Strategic initiatives by market players such as Dow, Ashland, Kerry, BASF SE among others in the market will help them to expand their network and supply chain. This in turn will lead to increasing product sales and hence will enhance the overall company’s revenue. For instance, · In May 2020, Dow during the COVID-19 pandemic was working closely with government officials and medical professionals, using guidance to adjust plans as warranted. · In April 2020, the U.K.’s Medicines and Healthcare Products Regulatory Agency (MHRA) published guidelines on Exceptional GMP flexibilities which allow manufacturers to increase their production capability to minimize risk of product shortage using quality risk management principles and to navigate through international travel restrictions imposed due to COVID-19. · In April 2020, Lubrizol enabled 1 Billion bottles of hand sanitizer globally every month to increase its Carbopol polymer production, which is used as a thickener. The increasing demand and sales of antiviral drugs are fuelling the growth of additive manufacturing in pharmaceutical market. Thus, companies operating in the additive manufacturing in pharmaceutical market are adopting several strategies, including agreements, market expansion to enhance their business. These strategic decisions by the market players helped them to attain a lucrative growth even during the COVID-19 pandemic. CONCLUSION As the pandemic of COVID-19 has resulted in several restrictions throughout the borders but still manufacturers of additive manufacturing in pharmaceutical are able to manage their stocks. The demand and supply of pharmaceutical products increased rapidly due to given medical emergency. Drug shortage caused due to the pandemic is expected to remain limited this way for a short period, also if the pandemic exceeds the shortage of pharmaceutical APIs, chemicals and additives may persist on causing shortage of supply in long run. This would also effect complications in distribution especially due to population movement restrictions across the globe. Various manufacturers are continuously engaging in constantly monitoring the supply chain so as to attain a lucrative growth. The activities and certain changes from COVID-19 would reduce dependency of private pharmaceuticals on alone suppliers such as China.
Affordable Housing Projects In New Gurgaon
New Gurgaon is one of the most important pillars of the Delhi-NCR and it's been witnessing some market fluctuations over the last 2-3 years. The nationwide realty slump is not anyway being jolted off across India’s major cities and Gurgaon is no exception. Gurugram is steady overcoming the consequences of ending, RERA and GST among different regulative upheavals at the side of congregated inventory. The Millennium town is currently witnessing a pick-up in demand for Affordable Housing Projects In New Gurgaon and mid-income homes whereas there are takers for luxury properties moreover. With home equity credit interest rates obtaining lower and several other pro-active measures taken by the govt. Some Highlight Points · The residential clusters in Gurgaon that have giantpotential for future growth at the side of different hotspots just like the Dwarka Expressway that is additionally accessible from New Gurgaon · New Gurgaon is joined to NH 8, Dwarka Expressway - Gurgaon National highway and therefore the KMP (Kundli-Manesar-Palwal) National highway. · It is connected to the projected ISBT at the side of the terminus and aerodrome. · New Gurgaon is connected to the National main road or Pataudi Road that is one amongst the foremost sought after realty hubs in Gurgaon. · Based on the event set up for the Gurgaon-Manesar Urban Complex-2025, the sectors in Gurgaon can eventually go until Manesar. · Several realty developers are currently launching comes in Sectors, 82, 92, 95A.
How COVID-19 Impacted on Household Cleaners in Chemicals & Materials Industry ?
COVID-19 Impact on Household Cleaners in Chemicals and Materials Industry INTRODUCTION Household cleaning products play an essential role by safely and effectively removing soils, germs and other contaminants. Household cleaners prevent the spread of infectious diseases and control allergens such as dust and mold, helping us to stay healthy. Surface cleaners, scouring pad, toiler cleaners and others are some of the common type household cleaners. There main purpose is to keep house fresh and clean. The different types of Household cleaning products are - Abrasives Abrasives are materials which wear off dirt by rubbing surface. Rottenstone, whiting, pumice, volcanic ash, quartz, marble, feldspar, and silica are prime examples of an abrasive. Plastic or nylon mesh is the finest abrasive, and the finer an abrasive, the less damage to the surface being cleaned. Acids Acids are beneficial in removing hard-water deposits, discoloration from aluminum, brass, bronze, and copper and iron rust stains. Strong acids also eat away clothing, leather, skin and some metals. Alkalis Alkalis are soluble salts which are effective in removing dirt without excessive rubbing. They are good grease removers because the alkalis form an emulsion. The particles of alkalis do not separate from the rest of the liquid due to which alkalis are not redeposited on the surface being cleaned. Alkalis readily remove oily dirt. Bleaches Chlorine generally is the most common bleach used in household cleaning products. However, new non-chlorine bleaches are becoming more popular, mainly because they are safer to use and store. Detergents Some laundry detergents may be used for housecleaning jobs. Detergents loosen dirt and soluble phosphates are added to detergents which help to remove oily dirt. Home Sanitizers Sanitizers are chemicals that reduce the number of bacteria and often are used in cleaning bathrooms and washing dishes. Sanitizers also help deodorize surfaces because they kill odor-producing microorganisms. Spirit Solvents Most polishes and waxes for wood furniture and floors contain a spirit solvent. Solvents are similar to the fluids used in dry-cleaning processes as products are used to remove oily dirt. Household cleaning products containing antibacterial cleaners, not only remove dirt and soil, but also can kill the germs which cause illness. Chlorinated cleaning products can help protect against seasonal flu outbreaks and incidence of foodborne illness. Daycare centers, hospitals, restaurants and other public facilities rely upon the disinfectant qualities of chlorine-based cleaners to keep the environment germ-free. Chemicals used for cleaning and in cleaning products, such as laundry detergents, bleaches, dishwashing products and other household cleaners, help improve cleaning efficiency, making the environment more hygienic. Cleaning solvents are also common household cleaning products. For example, glycol ethers are highly effective as an active component of heavy-duty glass, floor and other hard surface cleaning formulations. Household cleaning products posses high solvency for greases and oils, good water compatibility and good biodegradability. Restraining factor for household cleaners is according to Environmental Working Group, about 53% of cleaning products contain ingredients that are known to irritate the lungs and 22% of products contain chemicals reported to cause asthma, even in healthy people. Household cleaners involve harmful compounds which can also accumulate on surfaces in the house, creating health risks as members of the household are exposed to them daily. Eventually, these compounds end up getting flushed down drains and deposited into water sources, causing environmental concerns as well.. COVID-19 IMPACT ON GLOBAL HOUSEHOLD CLEANERS MARKET Rapidly rising COVID-19 cases and the expectation of curbs on movement in the early stage of the pandemic provided a rationale for consumers to build up essential goods stocks as a precautionary measure, for instance, the need to quarantine or significant supply disruptions. Across the world, countries have responded to the COVID-19 pandemic with the introduction of restrictions on mobility, travel, and social contact. In the run-up to the adoption of these measures there were widespread reports of people engaging in panic buying, with resulting shortages raising concerns about the sustainability of the food system and people's ability to access the products they need. Several large industries were on lock down during the COVID-19 due to which the production in the industries has fallen. As a result, increasing demand of household cleaners was not fulfilled by manufacturers. The machines or equipment in the industries are running at 25%-30% of their capacity due to less availability of labor and raw material which are used for the manufacturing of the household cleaning products. The COVID-19 has created the challenge for the manufactures of household cleaning products for the production of the different quality of cleaners which can clean dirt, bacteria and different viruses in the environment. During the COVID-19 pandemic, people have been spending more time than ever at home. For many consumers, "home" has come to mean something entirely different from what it used to be as now home has office, school and gym which require more cleanliness. This increase in activity in the home has led to consumers cleaning their houses more than usual. Cleaning with a household cleaner that contains soap or detergent reduces the amount of germs on surfaces and decreases risk of infection from surfaces. In most situations, cleaning alone removes most virus particles on surfaces. Disinfection to reduce transmission of COVID-19 at home which increases the demand for home cleaners in pandemic situation. IMPACT ON DEMAND FIGURE 1 GROWTH OF HOUSEHOLD CLEANERS IN CANADA (IN PERCENTAGE) (2020) The above diagram shows the demand of the household cleaners in Canada. The demand of household cleaners has shown an exponential growth in starting of the year 2020. In month of February, 2020 the demand of household cleaners was 20.00% in the Canadian market which have shown a growth of nearly 165.00% in month of March, 2020. After a month in April 2020, the demand started normalizing but was still showing a growth of 90.00% as compared to February 2020. IMPACT ON SUPPLY CHAIN The unprecedented demand for household cleaner products in 2020 due to the Covid-19 pandemic made it an extraordinary year for household cleaners. Shoppers pantry-loaded the products in the early months of the pandemic, making it difficult to find any on store shelves or online. Suppliers and wholesalers have started the hoarding the products which lower the supply of the products and other hand due worldwide lockdown, manufacturers were not able to produce products further The manufacturers were deprived of the specific amount of raw material which was used in the manufacture of cleaning products. The import and export of the raw material and finished product was on halt which have affected the household cleaner market. This high demand prompted household cleaners manufacturers to adjust their operations, from starting up 24/7 production and focusing on fewer product formats to making major investments in new production lines. CONCLUSION On concluding, the spread of COVID-19 pandemic around the globe has hit all the sectors of production. However, with the spread of the COVID-19, the demand for household cleaners has increased. Household cleaners are used for killing of germs, bacteria which grow on different surfaces. Manufacturers also faced the challenges for the production of the household cleaner products during the COVID-19 due to the lock down in various countries. On account of disruption in supply chain, the manufacturers were not able to fulfil the increasing demand of the household cleaners in the market. Overall COVID-19 has increased the demand for household cleaners and even post pandemic the demand of the household cleaners will increase over the coming years.
Why ISO 14001 is Important to treat the Polluted Environment?
You might have seen the tag ISO-certified on various products but the majority of people don’t have proper information about ISO certification. In simple words, ISO certified products assure quality and are manufactured by keeping the environmental laws in mind. Due to the growth of industries, environmental pollution has increased and it will not be good for us if we keep ignoring the environmental impacts. Lately, most companies have realized the benefits of ISO for the business. If you are a business owner, take advice from the Best ISO consultants in India to plan your business in a safe way. ISO 14001 is a globally recognized standard that lays out the standards for a quality environmental management system. It assists firms in improving their environmental performance through more effective resource utilization and waste reduction, resulting in a competitive advantage and stakeholder confidence. To know more about our ISO certification, keep reading the blog till the end! ISO 14001:2015 is a standard that may be used to certify an environmental management system. It sets out a framework for establishing an efficient environmental management system for an organization that contributes to a safe environment. Any organization, regardless of its activity or sector, can use it. Environmental protection is linked to ISO 14001 certification. This certification does not imply environmental performance; rather, it establishes whether a company adheres to ISO 14001 standards in order to maintain the necessary environmental management system. The use of ISO 14001 ensures that management, staff, and stakeholders are on the lookout for ways to decrease waste and eliminate environmental issues. The basic goal of ISO 14001 is to reduce contaminated environmental degradation. This certification specifies how to preserve the environment from pollution, supports the finest services for inspecting the actions of various organizations, and controls the elimination of environmental problems. When a company strives to implement ISO 14001, it commits to improving its environmental performance over time. One thing to keep in mind is that ISO 14001 is a standard that brings together and balances the interests of business and the environment. As a result, the company's performance improvement efforts will be suited to the company's resources, whether they are human, technological, or financial. ISO 14001:2015 is a solid standard certification that aids in environmental purification. The best aspect about obtaining ISO 14001 certification is that it is not as difficult as it appears. You may easily contact a reputable ISO 14001 Consultants in India, which will walk you through the entire procedure and assist you in obtaining certification quickly. Conclusion: It is critical to recognize that no matter how large or little a business is, its operations have a negative influence on the environment. As a result, regardless of your industry, you should have a solid environmental management system in place. People have become more environmentally conscious in recent years, and they do not want to be associated with a firm that has a negative impact on the environment. As a result, in order to show your company in a favorable light in front of potential clients, you must acquire the ISO 14001 Consultants in India. Source: Why ISO 14001 is more important to your Business?
Significant COVID-19 Impact on Footwear Sole Material in Chemical and Material Industry
COVID-19 Impact on Footwear Sole Material in Chemical and Material Industry INTRODUCTION Footwear designs have continuously upgraded with the advance techniques for improvement of comfort and performance of the shoes in daily routine or specialized sports applications. In footwear, the sole of footwear is very important part as sole have to face the external environment. The sole of footwear helps to protect the feet from injury during work or performing physical activities. In 1800 wood was used for manufacturing of sole. As the time passed the demand of more rubber sole shoe was increased as it was cost effective and also more comfortable in wearing for longer duration. Sandals of leather were also introduced in 1900 which was accepted globally. The leather straps were joined with the rubber sole to manufacture the footwear. The footwear of leather and wood were heavy which cannot be weared for longer duration. So light weight material was started to be used for the manufacturing of sole of footwear. In 19th century, outsole of footwear has been changed in materials. Leather has been the traditional soling material, after 1980 only about 5% of shoes have leather soles. Now, most of soles are made of rubber or plastics, which are classed as synthetics rubber. Polyurethane is one of them that become most popular soling material for footwear. Sole material is the kind of material which is used for the manufacturing of different kinds of sole according to the application of shoe. Sole material are the kind of material which are resistant to putrefaction and enzymatic destruction and after repeated wetting-drying cycles returns back to its former soft characteristics due which material is used in the manufacturing of sole for footwear. Shoe soles are made from a variety of different materials which includes rubber, leather, polyurethane and other bio-compounds. Sole material is also used for manufacturing of inner sole which is softer than the outsole. Sole of a shoe is also known as outsole which is bottom part of the shoe. More of the times outsole comes in direct contact with the ground. Footwear sole is made up of soling materials such as: Polyurethane Polyurethane is a type of polymer which is composed of organic units which are joined by carbamate links. Polyurethanes are kind of thermosetting polymers which do not melt when heated on high temperature. Polyurethane is of different types which are methylene diisocyanate (MDI), toluene diisocyanate (TDI) and polyols. Rubber Rubber is kind of elastic substance which is obtained from exudations of certain tropical plants which is natural rubber. Rubber products are also derived from petroleum and natural gas which is called as synthetic rubber. Bio-Compounds Bio-compounds are materials which are made of several cells and other structures of organisms are known as bio chemicals compounds. In bio-compounds carbon compounds are important which make the material light weight. Several materials are being used in the production of footwear sole which can provide high comfort and light weight shoe. Different types of shoes are being used for different application due to which different materials are being used in the production of footwear sole. Polyurethanes as a soling material is comprise of almost limitless chemical formulation combinations which give designers and manufacturers freedom to create innovative designs according to the application of the shoe. The soft inner sole is more in demand among women fashionable footwear and daily wears and also for kids due to lightweight and super soft sole material which is more used in the footwear. COVID-19 IMPACT ON FOOTWEAR SOLE MATERIAL MARKET Corona virus was started from the China country and now has reached to every corner of the word. The COVID-19 has larger impact on different industries due to which the growth of the business and world is recovering in very steady pace. The pandemic have hit the economy very hard world wide as the lockdown was imposed in all the regions which have made the situation challenging for all sector for growth and also the developing actives will be done in the stager manner. No sector was immune from the effect of the COVID-19 as all the manufactures of the footwear sole material in the regions have faced the ups and down in the business due to the COVID-19 situation and unable to forecast the demand of the footwear in the market. The demand for the footwear sole material has fallen in the industries due to the lower production of the footwear in the global market. The export and import of the footwear sole material in different countries have fallen down due to the pandemic situation created by COVID-19. The big brands or manufactures are producing at 25%-30% of their full capacity as demand of the footwear has fallen in the market. Government has imposed the lockdown rules in the entire region due to which people are setting at their home. The demand for the light weight sole material in the footwear have fallen down in pandemic no physical activities were going on which lower the demand for sport shoes in different games and physical activities. Different types of footwear sole are used in different type of footwear functionality. Due to lockdown in several manufactures activities were on halt, the demand of footwear has fallen down in the industries due to which the demand for footwear sole materials have decline. The cascading effect of the spread of the corona virus can also be seen on the foot wear industry. Footwear industry have also have to face the pandemic situation which created by the COVID-19. The production in the footwear industry has been on halt due to the lock down and shortage of the labor in the factory. The virus is taking a massive toll in the economic front, shutting down businesses, curbing international travel and impacting production lines of major global businesses. On evaluating footwear industry in the countries, the major brands have shut down their stores, and some of them have also delayed their new collection release which has lowered the demand for the footwear sole material in the market. FIGURE 1 NEW PRODUCT INTRODUCTION RATE (2019 –2020) From the above diagram we can interpret that the introduction of the new footwear models in 2020 was fallen down as in 2019 introduction of athletics shoes and sneakers was 11.00% which fall to 4.15% in 2020. In 2019 introduction of boots was 3.00% which fall to 5.00% in 2020. In 2019 introduction of heeled shoes was 12.00% which fall to 5.00% in 2020. With the decline in the introduction of new products in the market will have negative impact on the demand for footwear sole material in the market. IMPACT ON RELATED INDUSTRY OF FOOTWEAR SOLE MATERIAL IMPACT ON FOOTWEAR INDUSTRY According to experts of World Footwear, global footwear consumption is expected to fall by 22.5% in pandemic year. In Europe, demand of footwear declined by 27%, in North America demand of footwear is declined by 21%, and in Asia-Pacific demand of footwear is declined by 20%. The revenue of the foot wear industry has fallen down by 10%-15% in the pandemic situation as the import and export of the footwear have been declined. The demand of the footwear on all distribution channels have declined globally due to which manufactures have to face the challenge of the stock clearance. Footwear companies such as Adidas and Puma are also experiencing major effects due to the coronavirus headwinds. Most of the branded stores have been closed in the virus-driven countries. The big brands have lost the sales of USD 50 million to USD 60 million due to the outbreak. Other luxury labels are predicting serious blows to their sales too. With the falling sales of the footwear in the market have lower the demand of different footwear sole material which have impacted the global footwear sole material market. STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE Manufacturers of footwear sole material market have to face many difficulties due to halt in the industries which leads to low demand of footwear for all end-user segment which resulted into low demand of footwear sole material in market. The demand of footwear sole material is more in athletic shoes and also in daily wear flip-flops in the end-user segment which helped the manufacturers to earn profits from the stock as the demand for the light weight flip flops and sandals which people wear on daily basis have increased on larger extent. Manufacturers have also taken strategic decision to cover the losses which occurred due to COVID-19. Several OEMs and manufacturing industry have collaborated together and started production. In addition, fulfilling the demand of footwear sole material in the different countries manufactures are helping each other financially in business. IMPACT ON THE RAW MATERIAL PRICE Synthetic rubber is used in the manufacturing of the sole of the footwear. With decline in the demand of the footwear which resulted in decline in synthetic rubber footwear sole material during the COVID-19. Synthetic rubber footwear sole material is more used in the footwear industry as to fold and cut due to the property of flexibility which increases its demand in the footwear industry. Due to COVID–19, prices of footwear sole material are adversely affected as the downfall in demand of footwear in various industries. FIGURE 2 PRICE OF SYNTHETIC RUBBER (JANUARY 2020 –JULY 2020)(USD) From the above diagram we can infer that the price of the synthetic rubber is falling on constant rate due to the fall in the demand by the automotive, tire and footwear industry. The price of the synthetic rubber in January 2020 was 201.80 USD which fell to 192.00 USD in the month of April 2020 when the lockdown had increased the production activity have fallen down due to which the demand of the synthetic rubber have fallen down. In the month of May 2020 the price was 190.10 USD which again fell to 184.10 USD in the month of July 2020. CONCLUSION In 2020, COVID-19 has bad impact on the demand of footwear products due to which demand of footwear sole material product have fallen down. The demand of sports shoes, casual shoes have fallen down in all end-user segments which includes men, women and kids which resulted in low demand in footwear sole material in global market. The manufactures were able to earn revenue through the sale of footwear sole material for flip flops in the market during COVID-19. With the increase in sports and recreation activities and also with lifting of lockdown, the demand of different type of shoes in different industry will increase which will have positive impact on the demand of the footwear which is expected to boost the global footwear sole material market. Import and export of raw material and finished product of footwear products with other nations will help to boost global footwear sole material market in near future.
Giới Thiệu Về Bộ Điều Khiển SIMATIC PLC Siemens
Cung cấp các bộ điều khiển lập trình PLC (CPU): LOGO!, S7-1200, S7-1500, S7-300, S7-400, ET 200S, ET 200SP và ET 200Pro. Ngoài ra, có sẵn các module mở rộng: module I/O, module chức năng, module truyền thông và module nguồn. SIMATIC PLC được sử dụng trong các giải pháp tự động hóa: xây dựng nhà máy, kỹ thuật cơ khí, dây truyền sản xuất, tự động hóa quá trình,… từ ứng dụng nhỏ, đơn giản cho đến các ứng dụng lớn và có độ phức tạp cao. Trong đó: 1, LOGO! là bộ điều khiển cung cấp một giải pháp thuận tiện, thân thiện với người dùng cho các nhiệm vụ điều khiển vòng hở và vòng kín đơn giản. 2, SIMATIC PLC S7-1200 là bộ điều khiển cho các nhiệm vụ điều khiển vòng hở và vòng kín trong kỹ thuật cơ khí, nhà máy và máy móc. 3, SIMATIC PLC S7-1500 là bộ điều khiển (kiểu mô-đun) cho nhiều ứng dụng tự động hóa trong tự động hóa rời rạc. 4, SIMATIC PLC S7-300 là bộ điều khiển (kiểu mô-đun) cho các ứng dụng đa tác vụ có hiệu suất từ thấp đến trung bình. 5, SIMATIC PLC S7-400 là bộ khiển mạnh nhất trong họ SIMATIC PLC và là giải pháp cho các hệ thống tự động hóa quy trình. 6, SIMATIC PLC ET 200SP là bộ điều khiển dành cho các ứng dụng có yêu cầu trung bình về phạm vi chương trình, hiệu suất xử lý và tốc độ phản hồi (điều khiển phân tán). 7, SIMATIC PLC ET 200S là bộ điều khiển thế hệ trước của ET 200SP, cũng để dành cho các ứng dụng có yêu cầu trung bình về phạm vi chương trình và hiệu suất xử lý (điều khiển phân tán) 8, SIMATIC PLC ET 200Pro là bộ điều khiển dành cho các ứng dụng có yêu cầu trung bình hoặc cao về phạm vi chương trình, tốc độ xử lý và mạng (điều khiển phân tán). Chú ý: – Các dòng sản phẩm SIMATIC S7-300/ET 200M sẽ bị loại bỏ (phase-out) từ ngày 01.10.2023. – Các dòng sản phẩm SIMATIC ET 200S sẽ bị loại bỏ từ ngày 01.10.2020 và sản phẩm kế nhiệm là SIMATIC ET 200SP.
How COVID-19 Impacted on Intelligent Vending Machines ?
COVID-19 Impact on Intelligent Vending Machines in Semiconductors and Electronics Industry The pandemic begins with its epicenter in China in 2019 and has been continuously spreading by then to all over the globe, so far 216 countries and territories have been affected with COVID-19. The COVID-19 cases reaching to various countries which have strong dominance in the worldwide market and have adversely affected the economic growth globally. The spread of coronavirus has led to severe disruption such as global recession, many organizations are being forced to take stringent actions as lying of their employees and staffs, small and medium business is being shut down, and manufacturing & production facilities are being put on hold for a longer period. However, apart from this, the demand for food and beverages witnessed huge growth but this has increased the shortage of supply chain due to the panic buying from the populations. Similarly, the demand for the pharmaceuticals, chemical, and healthcare industry also increased as new solutions and medicines are getting introduced for taking preventive measures. There has been a disruption in the supply chain of many industries due to restrictions in logistics and the closing of manufacturing facilities. In addition, the slowdown in the economy has lowered the spending capability of individuals and people are saving money for emergencies. The intelligent vending machines are controlled by a computer and backed by a cloud-based management system. The cloud allows for live inventory monitoring and sales data that was previously unavailable or extremely delayed. Vending machines have evolved into a new class of automated retails kiosks with the use of modern technology. The range of products that can be dispensed by these machines is unbelievable. A custom vending machine can also be created that can be customized to the products that are dispensed. AFTERMATH STRATEGIES FOR INTELLIGENT VENDING MACHINES MARKET AND GOVERNMENT ROLE The COVID-19 pandemic was not predicted by any government to be ready for. The pandemic resulted in many changes brought by the government to the usual norms of operations for multiple industries around the world. The pandemic affected the market and consumer behavior, this created volatility in the economy. Smart vending machines are the next evolution of retail because they allow the business to reach customers in new locations and new ways. They also serve customers with ease and efficiency by only displaying what selections are in stock. For instance, § Vending machines of Azkoyen will be installed in the new AVLO trains, the low-cost high-speed train. These vending machines will provide drinks and snacks to more than 400 Avlo passengers with their automation. OPPORTUNITIES FOR THE MARKET IN COVID-19 SITUATION To improve and reinforce the services of traditional vending machines, AAEON has provided an intelligent solution to facilitate their functions. Ideally, smart vending machines integrate seamlessly with important systems including commerce, ERP, operations, and inventory management. The industry is now growing towards API-driven, headless commerce supports integration with any touchpoint. For instance, · The smarter solution, called brainy, offers an exceptional shopping experience. Along with the coming of the Internet of Things (IoT) age and its increasing prevalence in our daily lives, Brainy supports Intel Realsense technology through AAEON’s “UP” board, a credit-card-sized single-board computer. STRATEGIC DECISIONS FOR SERVICE PROVIDERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE The market players are now taking many strategic decisions to gain their market share and profit after COVID-19. Strategic decisions such as mergers & acquisitions and technological innovations are helping market players to regain their share. The companies are converting their intelligent vending machines into unmanned retailers with limited space and this strategic decision will help the companies to boost their sales as these kinds of vending machines are capable of dispensing any goods irrespective of their size and shape. The integration of IoT in vending machines will help companies to increase their sales. DEVELOP NEW SOLUTION The Intelligent vending machines will need to be staffed differently to cater 24*7 to provide service. The companies are developing new solutions by strategic partnership and collaboration. OFFER NEW SERVICES TO MANAGE THE INTELLIGENT VENDING MACHINES SOFTWARE The companies are trying to offer new services to the customers with the help of new strategies and opportunities and also due to recent development in vending machine products and services. By maximizing the operational opportunities to minimize the cost, the companies are investing in R&D to improve their services. The use of vending machines allows businesses to operate 24 hours a day 7 days a week. OTHER GROWTH OPPORTUNITIES FOR MARKET PLAYERS TO PURSUE IN 2020 The vending machines and micro-markets leave a space for a solution that has significant potential growth. This type of machine will include a full micro market with a reasonably large number of SKUs. Several North American and European operators are offering such solutions. IMPACT ON PRICE The lockdown imposed by the government of the countries had adversely impacted the prices of the intelligent vending machines services due to the implementation of remote working. The prices of the services have been increased as the software has been shifted to the cloud which has resulted in increasing physicals security. The prices of the vending machines have been increased as now the traditional vending machines have been replaced by automated vending machines which incurred high cost and ultimately affect prices. A vending machine is a retailer with limited space and such engineering requires high cost which will increase the prices of the intelligent vending machines. IMPACT ON DEMAND The pandemic has caused a decrease in demand for vending machines. With the fast converting life of the population and digitalization in vending machines such as IoT, the companies are under the transformation of their products such as cashless payments and safe products delivery which will eventually help in increasing demand. The COVID-19 has impacted the demand for the vending machines as the employees started working from home. 80% of the vending machines were majorly located at offices and workplaces which are closed and ultimately causing a failing economic activity. The healthcare industry has not seen a much decline in vending machines as they are essential for healthcare personnel. The overall COVID-19 has impacted the demand for vending machines negatively. For instance, · The Azkoyen Group, a leading Spanish technology offers automated vending machines has received an award. The award is regarding the best vending machine supplier and has great technology of automation. IMPACT ON SUPPLY CHAIN The COVID-19 pandemic has affected the market but the services are now shifted towards cloud platform which is very easy and flexible to use. These cloud platform services also save the cost of the companies as they are paying as you use services but this has increased intelligent vending machines and services. The COVID-19 has also affected the supply chain of intelligent vending machines which results in the loss of the industry. Due to lockdown imposed by the states and taking into consideration the safety, the installation of the intelligent vending machines was on hold as the supply chain was hampered. The cost of supplying machines and their spare parts were also increases which ultimately increases the prices of intelligent vending machines. CONCLUSION The micro-markets are not only for traditional vending machine operators. By the nature of operations and data management, the micro-market can be an ideal solution for retailers wishing to expand beyond the store and allow customers 24/7 availability of the products. The digitized systems, equipped with a large number of sensors and available data will become a rich source of data to be analyzed for the stakeholders which will help in finding trends and growth. The different innovations in vending machines such as the integration of IoT which supports cashless payments, safe delivery are the market opportunities. Companies are now simplifying convenience by using such technological innovations. The market is now moving towards unmanned retail stores due to pandemics which can be a great opportunity for the vending machine market as they can deliver goods and any packaging units. The growth of the market will be slow after the pandemic but it will surely rise and will gain popularity.
Impact of COVID-19 on Mini Cranes Market in Semiconductors & Electronics Industry
COVID-19 Impact on Mini Cranes Market in Semiconductors and Electronics Industry ANALYSIS ON IMPACT OF COVID-19 ON MINI CRANES MARKET The COVID-19 pandemic has influenced the whole planet with its significant impacts on the economy and businesses across the globe. The COVID-19 spread worldwide in unprecedented ways due to its high infectious and contagious nature and lack of availability of its vaccine. As a result, the most significant medical challenge in the 21st century is yet to be faced by physicians worldwide. Though the emergence of the virus can be traced back to Asia, many European countries and the U.S. have been struck massively by the pandemic. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East and Africa up to South America. The COVID-19 has been declared a pandemic by World Health Organization (WHO) due to its increased spread across the globe. After the declaration of the pandemic, various countries announced the complete lockdown, such as India, China and other Asian countries, to decrease its spread. The economies have been affected adversely as most of the trade and economic activities came to a halt. The unemployment rate has grown due to the impact and the global GDP fell by -3.5%. According to the situation report of 7th June 2021 by World Health Organization (WHO) stated 174 million cases of corona had been reported globally and 3.7 million patients are dead due to the coronavirus. On a slightly positive note, 157 million people have recovered and a total of 1.9 million vaccine doses have been administered as well. A crane is a machine used to lift and move heavy loads, machines, materials and goods for various purposes. They are used in all different industry sectors, from construction to manufacturing to shipbuilding and material loading. Cranes are common along skylines as they are necessary to build the skyscrapers we so often see in our cities. Mini cranes are relatively small cranes that can move through passages and can be used indoors. Some are also battery-powered and are remote-controlled. These are used indoors for lighter weights of around one tonne. The mini cranes can range from a straightforward lever pulley system to be mounted to a full-fledged machine with a motor and retractable boom for extended reach and mobility. Some mini-cane manufacturers are Hoeflon International B.V., Jekko s.r.l. and MAEDA SEISAKUSHO CO.,LTD. among others IMPACT ON DEMAND AND SUPPLY The mini crane companies have been affected severely as the demand for new cranes has gone down as the construction work has been halted in the pandemic due to the lockdown imposed by most countries. The companies also supply cranes on a rental basis which has seen a decline, but some crane rental services could secure essential services categories based on the clients. As seen from the graph below, the used cranes sold in 2020 saw a decline, but the decline was not steep as the cranes are used, which states that the demand for cranes rose in the last quarter of the year but due to the lack of availability of new cranes and cost cuttings companies turned to used cranes. This demand is driven by a lack of new crane availability and price increases due to higher raw material costs and supply chain delays. For instance, · In September 2020, Kate Lampson, director of PR and communications at Lampson International, stated that due to the type of customers they have and the industries that we service, Lampson International was deemed an essential business initially of the pandemic. Since then, they have been able to remain open and run the business as usual. In terms of upcoming projects, most current and future projects have stayed on schedule, with only a couple seeing delays. IMPACT ON PRICE With used crane sellers experiencing high demand, the supply can be an issue. At Bigge, they have also seen an increase in the price of used cranes. Kraaijeveld finds that there is currently an oversupply of used cranes in the Middle East, especially crawlers, due to delays and cancellations of oil and gas projects and a lower number of infrastructure projects. Prices dropped in June 2020 but rebounded in March 2021. The pricing of used equipment is up 7.8% and is predicted to climb past pre-pandemic levels, as stated by Ganzell. The internet has transformed the crane auctions market, with online sales growth for years. Ritchie Bros. said that before 2020, 70% of its global auction sales were already taking place online and only 30% were onsite in its auction theatres. But the pandemic has accelerated the transition. STRATEGIC INITIATIVES TAKEN BY MANUFACTURERS The COVID-19 has hit the infrastructure industry and halted all the work abruptly in which the rental and new crane demand saw a steep decline at the start of the pandemic. This meant that the rental cranes have to be returned and new purchases were halted. The rental cranes had to be replaced and set up again if and when the work resumed to reduce costs. The government provided support in the form of investment in infrastructure and some service providers also received the essential services category, so they were able to continue the work. For instance, · The mobile crane market in Australia and New Zealand performed well in 2020, despite the direct and indirect effects of the pandemic. In the case of Australia, the government has played a vital role in Sotiris Kanaris's reports. Apart from the effectiveness of its policies that allowed the economy to restart reasonably quickly, the Australian government's investments in infrastructure also had a positive effect on the crane market. Through the strategy, the government says that approximately USD 1.50 billion in new funding will be invested over the next four years to make Australian manufacturers more competitive, resilient and able to scale up to take on the world. · Abu Dhabi, UAE-headquartered NFT specializes in the sale and hire of tower cranes. In September 2020, Nagham Al Zahlawi, deputy general manager at NFT, said: "The COVID-19 has delayed a lot of projects, has put some significant tenders on hold and most importantly has delayed payments from clients. From April to May, 90% of our clients have either stopped paying or requested to re-negotiate rates agreed upon and signed before the pandemic hit or have asked us to remove the months where there was a lockdown. CONCLUSION The pandemic has taken a toll on every aspect of life, including the global economy. With the significant downfalls in many sectors, a collaborative effort of government, industry players and consumers can win the fight against COVID-19. The mini cranes market, majorly driven by the infrastructure projects, was impacted at the pandemic's start due to the lockdown imposed. Some rental crane service providers having the essential services category were able to survive the situation. As seen from the instance, various governments all over the globe are helping the market by investing in infrastructure. The demand for the mini cranes market is steadily rising as the projects are resumed and should stabilize soon.
How Impacted COVID-19 on U.S. Shale Gas in Chemical Industry ?
Impact of COVID-19 on U.S. Shale Gas in Chemical Industry INTRODUCTION Shale gas and shale oil are defined as natural gas & oil from shale formations. Shale is a type of sedimentary rock that is made up of very small clay particles and is highly porous in nature. It is formed in deep ocean water, lagoons, wetlands, and swamps where the water is still enough for extremely fine clay and silt particles to settle to the bottom. Since shale is a porous formation, it serves as both a source and a reservoir for unconventional hydrocarbons. The extraction of oil and gas from a shale formation involves mechanical stimulation. One such technique for stimulation is hydraulic fracturing or fracking. In the fracking process, cracks in and below the Earth's surface are opened and widened by injecting water, chemicals, and sand at high pressure. The combination of horizontal drilling and hydraulic fracking has made it possible to access vast quantities of shale gas that were previously uneconomical to generate. Natural gas output from shale deposits has given the United States natural gas industry a new lease on life. The demand for safe access to energy sources is growing globally. Shale oil and gas have played an important role in meeting global energy demand during the energy revolution and are expected to continue to do so for decades as society transitions to lower-carbon energy sources. The rapid growth of shale oil and gas contributes to increased supply stability and lower commodity prices. According to the United States Energy Information Administration (EIA), in the year 2011, the country’s estimated available natural gas resources totaled 2,552 trillion cubic feet (Tcf). Natural gas from shale deposits, which was once considered to be uneconomical, accounted for 827 Tcf of this resource total. In the year 2020, U.S. dry shale gas production was about 26 trillion cubic feet (Tcf), and equal to about 78% of total U.S. dry natural gas production. IMPACT OF COVID-19 ON U.S. SHALE INDUSTRY Shale oil and gas exploration have, in particular, given the US oil and gas industry new dimensions of development. It has also fueled significant investment in associated infrastructure for gathering, storing, and delivering hydrocarbons to both domestic and foreign markets. In less than a decade, the US shale industry turned the global energy landscape upside down and re-established the US as the global energy leader. The onset of a global pandemic and subsequent drop in oil prices, on the other hand, has taken the momentum out of the shale boom. Due to a sudden drop in demand, the shale industry has immediately self-corrected. Many oil and gas players succumbed to the economic shock resulted from the CoVID-19 and filed for bankruptcy. Chesapeake Energy, a shale leader and once second-largest gas producer in the United States, filed for Chapter 11 bankruptcy protection in late June. According to the United States Energy Information Administration (EIA), the crude-oil output from seven major shale formations in the United states fell by around 56,000 barrels per day (BPD) in August 2020 to just under 7.5 million BPD, which would be the lowest level in two years. The shale industry is closely looped in with the oil and gas industry. The recent downfall of the oil and gas industry during the pandemic has had a severe impact on shale output. Post pandemic, the shale industry peaked, but the industry as a whole lost money. Since 2010, the US shale industry has produced USD 300 billion in net negative free cash flows, damaged more than USD 450 billion in invested capital, and seen more than 190 bankruptcies. With the advent of the coronavirus, the future for shale producers has become even bleaker, with a new bankruptcy filing occurring every week or so in the last few months. The pandemic's effects will be felt far beyond the US shale industry. Despite accounting for less than 10% of global oil and gas output, US shale oil extraction activity accounts for 40% of global shale oil extraction activity and accounts for nearly 100% of the growth in US midstream and export-oriented refining and petrochemical sectors over the last decade. STRATEGIC INITIATIVES DURING COVID-19 · Organization of the Petroleum Exporting Countries (OPEC) agreed on a continuation of March production levels for the month of April, with the exception of Russia and Kazakhstan, which will be authorized to increase production by 130,000 and 20,000 barrels per day, respectively, at their most recent meeting · Saudi Arabia has also agreed to extend its one-million-barrel-per-day voluntary cut for the month of April. · Companies such as Chevron, Shell, Schlumberger, and others have taken initiatives to safeguard their workforce in the ongoing pandemic situation. CONCLUSION On Conclusion, the pandemic has placed the shale industry in a delicate spot as major players are forced to cut down the output. The potential energy landscape in the United States and around the world is highly complex, and its drivers are interconnected. In the not-too-distant future, a wave of consolidation in the US shale industry could be triggered by the poor financial position of many firms and the weak economic outlook. The continuous demand for a ban on fracking, coupled with the effect of COVID, has cracked the shale industry severely. Although, the historic evidence indicates that the shale producers operate more economically. In comparison to 2019, producers in the Permian Basin are saving roughly 20% on good costs.
How can I learn to program in java?
Learning java, like most programming languages, requires a lot of study and practice. Follow the steps given below to learn java programming step by step. 1. Learn Java Syntax The style in which a programming language is written is known as syntax. Java’s syntax is quite similar to C++ and C#. Some of the things you will encounter learning it are · Identifiers: Class names, variable names, method names, and labels are examples of identifiers in java. · Literals: A literal is a value definite to the variable. It can be characters, numbers, strings, and Boolean values. · Variables: The three variables in java are local variables, class variables or static variables and instance variables or non-static variables. · Keyword: It is a part of java’s syntax. Abstract, class, byte, boolean, and interface are examples of a keyword. 2. Practice Java Basics After going through the Java syntax, you can start practicing the basics by giving an online java test. Some of the concepts you should know about it are: · Functions and Methods- A class is composed of functions or methods, and every function/method in java needs to be inside a class. · Classes- Classes are the template in which objects are made. Classes can have local, instance, and class variables. · Arrays- Arrays can be an array of strings or integers. These are ordered collections using square brackets. · Generics- Generics allow types to be passed around as parameters at time you’re specifying interfaces, classes, and functions. 3. Put Your Java Knowledge Into Practice After getting some Java skills under your belt, you can proceed to work on a project. Solve real-world problems like you can replicate a website or application. Doing this will help you dive deep into the concepts. 4. Move To Intermediate And Advanced Programming Having gained some confidence, you can move to intermediate and advanced levels to understand various tools and frameworks. In order to do good in java programming, you need to constantly sharpen your java skills. Join the Java community as it will help you learn so many things.
Significant Impact of COVID-19 on Bulk Material Handling System in Semiconductors & Electronics Industry
COVID-19 Impact on Bulk Material Handling System in Semiconductors and Electronics Industry The lockdown situation during the COVID-19 pandemic has highly impacted the global economy. Most of the governments from different countries imposed a lockdown to break the chain of coronavirus spread. All companies related to various industries have been shut down except a few dealing with COVID-19 operations such as pharmaceutical, essential goods and services and the food industry. As a result of the COVID-19 crisis, many bulk material handling companies throughout the world have had to either temporarily close or reduce their workforces to prevent the spread of the virus. Through worldwide shortages of goods, it soon was apparent how important the world’s manufacturing and warehouse productivity is to the economy. In the bulk material handling system market, the business impact eventually proved to be less severe than first anticipated once lockdowns and restrictions were lifted. Nevertheless, the limited access to customers’ sites affected both capital and aftermarket sales of suppliers throughout the year. The COVID-19 pandemic highlighted that automation is needed for supply chains to increase efficiency. During the recent period, very few percent of supply chains felt fully prepared for the coronavirus impact. However, the bulk material handling industry can develop this situation with innovation, automation and perseverance. AFTERMATH OF GLOBAL BULK MATERIAL HANDLING SYSTEM MARKET COVID-19 pandemic affected a wide range of industries, from small to large manufacturing companies. It hampered the worldwide demand for solutions in the bulk material handling system market up to a certain extent. Limited workforce and operational restrictions negatively affected the product development life cycle. But at later stages, when lockdown restrictions were lifted, demand got stable up to a certain point. The companies developed different strategies and technologies specific to tackle problems that occurred because of the COVID-19 pandemic. For instance, · Daifuku Co., Ltd., a material handling company, stated some measures and strategies to overcome the challenges faced during the COVID-19 pandemic in their annual report 2020. To prevent the spread of COVID-19 and maintain distance from one another required a new approach to service activities for systems post-delivery. Accordingly, they are working hard to use the Internet of Things (IoT), artificial intelligence (AI) and information and communications technology (ICT) to establish material handling systems that never stop or that will be able to recover immediately even if blocked. They will continue to support stable operations of customer facilities by introducing new technologies and services, including remote operation, while ensuring the lives, safety and health of employees and their families. Likewise, many companies have started introducing new technologies and methodologies in the COVID-19 situation to remain better positioned in the market. Losses during this period can be overcome in the future by taking this slowdown to redesign and refresh the business processes and logistics operations. OPPORTUNITIES FOR THE MARKET IN COVID-19 SITUATION Market players have an opportunity to upgrade their operations and prospective for the betterment of their companies. Automation is the key to success in this unpredictable world. Different crises, labour shortages, natural disasters impact a lot on every industry. So being one step ahead of time and understanding the market well will ensure the success of the market player. In this COVID-19 pandemic, many companies adopted process automation and customization as an opportunity to survive and grow. Some of the instances are mentioned below: § Automation to overcome labor shortage: Though recent events have worsened the labor gap, the labor shortage is not new for many industries, as more workers retire and skills requirements increase. Automation offers solutions to some of these problems. Automated Process Equipment Corporation provides solutions and services for bulk material handling companies to overcome labor shortages during this pandemic situation. Super sack handling, accurate measuring, automatic routing, easily reprogrammable controls and electronic record keeping are solutions that will improve automation and reduce the dependency on the massive number of laborers. § Customized Solutions for Booming Market: KWS Manufacturing Company Ltd. partnered up with Coperion K-Tron to provide the solution for the world’s most significant high-density polyethylene and polypropylene suppliers, which is used in consumer and industrial goods ranging from plastic bags and bottles to N95 medical masks and face shields. Due to the increased demand for polyethylene and polypropylene, expanding the client’s extrusion line required new loss-in-weight additive feeders and a mixing screw conveyor. KWS and Coperion K-Tron sales and engineering teams collaborated to ensure the extrusion line expansion would be successful. IMPACT ON SUPPLY AND DEMAND COVID-19 has disrupted the supply chain on a global scale. International trade restrictions and customs regulations resulted in longer wait times and a lack of capacity for long-haul deliverables. During this pandemic, the demand for bulk material handling solutions decreased because of the limited access to customers’ sites. This affected both capital and aftermarket sales throughout the year. Most of the companies faced challenges in managing on-time project completion and order deliveries. However, many companies took this to redesign their operation and logistic models with digital capabilities to increase operational efficiency and effectiveness in such a period. For instance, · ThyssenKrupp AG Company adopted the digitization of their business processes and supply chains in 2019-2020. Their focus was on the introduction of automation solutions which included the new mobile app “Paperless”. This app allowed digitizing day-to-day processes in warehouses such as bookings, preparation of work schedules and material identification. It also created the conditions for using other automation solutions, such as driverless transportation systems, to be used in a new state-of-the-art logistics center for ThyssenKrupp Schulte. Such positive changes and automation in the supply chain will enable the companies to emerge stronger and supply chains that are more resilient to future disruptions. CONCLUSION The global bulk material handling system market suffered losses during the recent period because of COVID-19’s negative impact on global demand and supply chains. Yearly sales for the market-related products got hampered due to limited access to customer’s sites. But relaxation in lockdown regulations after few months helped the market to somewhat come back on track. However, many companies started building new technologies to overcome supply chain problems in pandemic situations. They adopted digitization and automation in day-to-day business processes and supply chains. Although it will take some more time for companies to come back on track, this period made everyone realize the need for up-gradation in many business aspects.