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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.
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Welcome to my Authority Accelerator review! Basically, Authority Accelerator is a brand new training & software included just launched on Oct 8th, 2021 by TOP 1% & Superstar Vendors on W+ marketplace – Tom Gaddis, Nick Ponte, David Sprague & John Donges. As its claim on the sales page, this is for local marketers, consultants, and agency owners who want a guaranteed way to land good-paying clients in the next 7 days. It can help you close 40% to 50% of new prospects! Okay now, let’s jump into my Authority Accelerator review to see if it’s good enough to make a buying decision! WHAT IS AUTHORITY ACCELERATOR? Authority Accelerator is a new marketing system that includes both training and software, mainly about Reputation Marketing Service. That means with Authority Accelerator, you can easily help your business or your clients’ business gain more reputation in that niche, so that be able to get more leads and sales. While the training shows you how to land clients using their 3 new “automated engines” and some secret strategies, you can literally just copy&paste, then watch your close rates skyrocket. Then the software “ReviewPops” allows you to quickly roll out any one of their 3 Automated Offer Engines, so you can easily attract, convert, and retain profitable long-term clients. This is a breakthrough software that creates, manages, and markets your business for you. Full Authority Accelerator Review: https://affiliatesayhi.com/authority-accelerator-review/ Authority Accelerator OTO & Bonus & Demo & Upsell & Pricing: https://descubre.beqbe.com/authority-accelerator-review https://www.crokes.com/affiliatesayhi/activity/448667/ https://app.box.com/s/hlt3b3vnmk7d4aaczxzgc9v6b0b7nrxw https://www.docdroid.net/WlmpuGs/authority-accelerator-review-pdf https://pbase.com/topics/affiliatesayhi/authority_accelerator_review https://affiliatesayhi.tumblr.com/post/664587734467362816/authority-accelerator-review-offline-sharks https://myspace.com/affiliatesayhi/post/activity_profile_90351019_8200b24effa74a8293015139ec27c9dc/comments https://linkhay.com/link/4844980/authority-accelerator-review-offline-sharks-buy-or-not https://www.plurk.com/p/olbdmg https://www.flickr.com/photos/edwardrecommends/51569449448/in/dateposted/ https://vk.com/wall516421045_23 https://www.deviantart.com/affiliatesayhi/art/Authority-Accelerator-Review-894327322 https://tapas.io/edwardrecommends https://www.evensi.com/page/authority-accelerator-review/10079877585 https://slashdot.org/submission/14743387/authority-accelerator-review https://dribbble.com/shots/16618898-Authority-Accelerator-Review
Benefits of Using An Employee Monitoring Software
Your employees are the biggest asset for your business helping you drive more revenue and acquire new clientele. But, are your business drivers giving you your desired revenue?  One efficient way to manage your remote working team is to assess them through an employee monitoring tool that helps you track your employee’s activities and gives a fair assessment about where they are spending their time and which particular activity is utilizing their time the most. According to reports, 94% of organizations deploy some method of monitoring users, and 93% monitor access to sensitive data. Clearly, the rise of remote employee monitoring is directly related to the need for acute productivity analysis and performance tracking. Top Benefits of Using An Employee Monitoring Software 1. Enhanced Efficiency Once you start tracking your employee’s activities, you can assess the potential weak points and help them overcome their challenges. You can even create customized reports based on their activities and delegate tasks more efficiently. 2. Improves Time Management Time is money, and for a business, it is rightly so! What differentiates successful ventures from not-so-successful ones is how they utilize their time. With an employee remote employee monitoring tool, you can view daily, weekly, or even monthly timesheets and help you better assess the time utilization by your employees especially when an important project is at stake. 3. Real-Time Task Tracking While working on client projects, it is crucial to be up-to-date about task progress and employees activities. Opting for an expert employee monitoring tool can help you know the updates of their task, completion percentage, and real-time screenshots of tabs to verify your work.  Which Monitoring Software To Use? Workstatus is an expert employee monitoring software helping you with precise activity tracking via activity screenshots, URL tracking, geofencing, GPS tracking, selfie verification, employee monitoring, productivity tracking, data loss prevention, along with other features. Boost your employee’s productivity today with Workstatus. Read More : What You Need to Know About Remote Employee Monitoring Software
Employee Monitoring : Threat or Productivity Booster?
At organizations, monitoring and privacy invasion both coexist with business. Employers are authorized to understand where their money is going and how they can boost the production rate, leading to employee privacy intrusion. Why Do Companies Monitor Their Workers? Numerous business leaders practice various employee surveillance and monitoring to review their workers’ activity in the present arena.   The study reveals that around 80% of the largest organizations track their employees’ keystroke logs, emails, and more.  What Are the Different Types of Employee Monitoring? To prevent the misuse of time and boost safety, business leaders use various employee monitoring strategies.Some of the most famous among them are as followed: · Video Surveillance · Computer Screen Monitoring Tools · Secret Investigators and Operatives · Location Tracking Why Are Monitoring Tools Gaining So Much Attention? Believe it or not, over 60% of workers utilize the internet to explore useless stuff during their work time. Therefore, implementing employee monitoring software helps you track your employees’ activities effortlessly. Here are the key advantages of a monitoring utility: · Give Real-Time Analysis · Helps in Boosting Productivity · Assists in Employees Performance · Enhanced Security Which is the Best Employee Monitoring Tool? Finding the right tool is difficult; however, you cannot trust any random software. This is why we have come up with an innovative tool, i.e., WorkStatus.  Developed with innovative features, our tool specializes in tracking and security solutions. Some of its core features are: · Task management · Screenshot capturing · Time tracking · Productivity monitoring SOURCE :
How COVID-19 Impacted on Drone Taxi in Semiconductors & Electronics Industry ?
COVID-19 Impact on Drone Taxi in Semiconductors and Electronics Industry The spread of COVID-19 has entirely changed people’s life. COVID-19 originated in the city of Wuhan, China, in 2019 and has been continuously spreading all over the world since then. It has been spread to more than 180 countries. The U.S. tops the list, followed by India, Brazil, U.K., and others. As of 16 August 2021 WHO reported 226.24 million positive cases worldwide of which 4.65 million patient has lost their life to the virus. On a positive note, 204.59 million patients have recovered, and 5.63 billion doses have been administrated globally. The pandemic has put the lockdown, travel ban, and business shutdown in most countries, highly impacting the global economy. Due to the pandemic, major industries faced serious disruption such as a break in the supply chain, shut down offices and manufacturing units, and many more. The impact of the COVID-19 pandemic has been unprecedented on a global level. It has greatly affected the aviation industry. The drone taxi market is still in its formative stages; hence, it relies on a shared flight model to make the economics work. After COVID-19, the drone taxi industry has experienced an impressive growth trajectory. Due to the increase in road traffic, the demand for drone taxis has risen tremendously. STRATEGIC DECISION BY MANUFACTURERS AND GOVERNMENT INITIATIVES AFTER COVID-19 Post-COVID manufacturers are taking many strategic decisions to get back their original business place in the market. The companies are conducting many research and development activities to improve the technology involved in drone taxis. Thus, the companies are bringing more advanced technology to increase their market share and being recognized by the clients. For instance, · In July 2021, according to INDIA TODAY, Airbus announced the launch of its new urban mobility copter. The new copter can carry 2,310 kg, the highest take-off weight of a fully electric VTOL aircraft with a distributed drive system. The electric aircraft is 4-seater which the helicopter division of Airbus manufactures. Thus the company has successfully brought forward a flying taxi for the customers · Tecnalia, a Spanish company as launched its first Spanish uncrewed air taxi. The air taxi can carry up to 150 kilograms and travel in approximately 15 minutes urban distances of up to 15 km at around 90 km/h alternating between 100 and 300 meters. The vehicle consists of an aerodynamic cabin of 1.8 by 2 meters with a door and window and four drones placed in the upper and lower part of the ship. Thus the company has come up with the new air taxi which can provide customers with similar experience to that of a car or a bus By looking into the rising demand for drone taxis, the government is also taking different initiatives to boost the market's growth. For instance, · In December 2020, according to Intelligent Transport, The General Office of the State Council of China issued a circular to develop urban air mobility (UAM). The letter urges the development of policies and standards which will regulate the industry and encourage progress. The State Council’s circular also highlighted the potential application of firefighting UAVs. Thus the government is supporting in innovation and applications of our UAM technologies, specifically for aerial firefighting IMPACT ON DEMAND The technological developments hold a promising future for the drone taxi market whereby cities are expected to adopt next-generation transportation systems using automatic systems. Cities worldwide face transportation challenges due to the increasing road traffic, which causes major problems for mass transportation. Thus due to the increase in road traffic problems, the demand for drone taxis is increasing in the market. Also, the urban air mobility program has raised the demand for drone taxis. Many companies are developing a drone taxi and transportation hub for urban and sub-urban areas to solve this problem. For instance, · In December 2020, according to Simple Flying, Boeing, a leading company to develop electric air taxis, came up with its flying taxi. The company has developed an autonomous, multi-rotor passenger air vehicle (PAV) in the Boeing NeXt urban air mobility program. PAV is an electric vertical takeoff and landing (eVTOL) aircraft designed to lead the next generation of on-demand mobility. Thus the company has brought electric air taxis which is safe and reliable for their customers · In November 2020, German aviation start-up Lilium announced the launch of the first U.S. transportation hub for their flying taxis. The companies’ vision is to roll out a network of air taxis in various cities, with an app to hail the vehicles similarly to Uber. Their electric Lilium Jet is five-seater and speeds up to 300 kilometers per hour or 186 miles per hour. Thus the company will expand the flying taxi market in the U.S. IMPACT ON SUPPLY CHAIN Although the demand for the market has increased tremendously after the corona period, it has hampered the market's supply chain. Many electronic components like microcontrollers, chips, sensors, and others are needed to produce a drone taxi. In the lockdown, these electronic component manufacturing companies were shut, leading to the material shortage. This shortage has hampered the growth of the market. Most of the electronic component manufacturing companies are from the Asia-Pacific region. Still, due to the corona outbreak, these companies were shut down, leading to a shortage of raw materials. Also, the restriction on transportation hampers the growth of the market. CONCLUSION Post-COVID, the demand for aviation transportation has tremendously increased, leading to the growth of the market. An increase in the population has led to an increase in traffic on roads, so the demand for drone taxis is increasing to save time on road traffic. The programs live urban air mobility has also raised the demand for drone taxis. Also due to the advancement in technology the customers can have safe and reliable travel in less time than the road transport has risen its demand in the market. · Also, Uber announced their aerial ridesharing service for consumers. They said that initially, uberAIR would cost $5.73 per passenger mile, which will get the cost down to $1.86 per passenger mile before ideally getting to $0.44 per passenger mile. Thus at some point, it will be cheaper to use uberAIR Thus we can observe that the demand for drone taxis is increasing, and manufacturing companies and governments are making different decisions to expand the market.
How COVID-19 Impacted on Green Steel in Chemicals & Materials Industry ?
COVID-19 Impact on Green Steel in Chemicals and Materials Industry The COVID-19 pandemic has influenced the whole planet with its major 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 greatest 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 along with 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 as 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. According to the latest situation report by World Health Organization (WHO) stated 175 million cases of Corona have been reported globally and 4 million patients are dead due to the coronavirus. On a slightly positive note, a total of 158 million people have recovered and a total of 2 million vaccine doses have been administered as well. Steel production necessitates the removal of oxygen from iron ore to generate pure iron metal. This is done in traditional steel-making using coal or natural gas in a CO2 emitting process. In the manufacture of green steel, hydrogen derived from renewable energy substitute’s fossil fuels. COVID-19 has adversely affected the demand of the global green steel market, particularly, in the power and energy sector. Pandemic has also affected the import and export of steel products across all the regions which have resulted in the decline in the demand for green steel. The demand for green steel has declined approximately by 12%-14% in the COVID-19 period. The COVID-19 has unbiasedly affected all sectors due to which the mandate of the several products in the global as well as in the domestic market has affected. The prevailing green steel demand conditions in the majority of developing nations demonstrate that steel consumption has declined in the pandemic situation. Several large industries that are engaged in the manufacturing of green steel have faced several challenges. However, the post- pandemic scenario has already accelerated both technological advancement and the green transition. AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE GLOBAL Green Steel MARKET China, the world's largest steel producer, has pledged to become carbon neutral by 2060, generating almost half of the world's supply. About 15% of the country's carbon emissions come from the steel industry. Post COVID-19, developing economies, such as China is expected to move more rapidly towards normalization of economic activity for the different sectors. This will increase the demand for green steel products and will increases the import of green steel. With the stringent government regulations, particularly, in the field of infrastructural, the demand for green steel products such as hot-rolled sheets and cold-rolled sheets would subsequently increase. Automobile manufacturers are heavily investing funds in the market. With the increase in the demand for modern electric vehicles, the demand for green steel is set to rise in the global market. STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE Pre-pandemic manufactures had financial stability; however, COVID-19 had forced the manufacturers into extreme slumps. The effects of the pandemic will largely affect small and medium businesses. Green steel is extensively used in the manufacturing of electric motors and components which are brought to application in electric appliances. During the COVID-19, manufacturing of the heavy equipment has tumbled down which result in a fall in the demand for green steel in motors application. During the pandemic, several heavy electrical equipment manufacturers have shut down production for more than 6 months which have had a bad impact on the demand for the green steel market. IMPACT ON PRICE The steel industry is also playing a crucial role in the green steel market since tons of steel and other metals are used in the manufacturing of green steel. The pandemic of COVID-19 has also impacted the demand for steel products in all the regions. In the U.S., steel mills have to adjust their production activities to avoid rising inventories and declining prices of steel products which result in lower revenue generation. As the steel demand is declining, integrated steelmakers in U.S. steel manufacture have decided to idle blast furnaces and cut production of steel. IMPACT ON DEMAND During the COVID-19, manufacturing of the heavy green equipment has tumbled down which resulted in the declined demand for greens steel. Several types of components are used in the transformers which have different flux density that help to lower the wastage of the energy during transmission, however, the demand of the different size of transformers have collapsed. During the pandemic, several green equipment manufacturers have shut down production for an indefinite period, which has an adverse impact on the demand of green steel market IMPACT ON SUPPLY CHAIN The power and energy industry is heavily relying on Supply Chain Management (SCM). Improvement in the supply chain has always been demanded by the manufacturers and end-users. The COVID-19, which led to the abrupt halt of the transportation sector, indirectly affected the supply chain for the green steel market. Manufacturers had to bear the storage cost as well as had to face the consequences for the late conveyances. The delivery of raw goods was adjourned or annulled, which resulted in the rise of the cost to the end-users. The import-export of the final product was also severely wedged, hindering the completion of major projects, resulting in increased costs. 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 can win the fight against COVID-19. It continues to inflict the world with appalling economic and social dilemmas, capable enough to leave severe backlash on the economy for the next several years. The first wave had already inflicted severe blows to the population as well as the economy. The currently experiencing the second wave is expected to be more disastrous not only to the masses but also to CnM markets. The COVID-19 crisis has created a pandemic situation widely, which affected the growth of the overall steel industry. The demand in the energy and power, building and construction, automotive activities have withered down globally. The nationwide lockdown across the globe for all the manufacturing units, construction activities, and others, resulted in lower demand for green steel products, which eventually, lead to a huge loss for manufactures. The manufacturers of green steel components and equipment had to abruptly halt the production which had an impact on the supply chain. Growing demand for carbon-neutral industrial products is boosting the demand for green steel. The fluctuation in the price of steel has also impacted the manufacturing of green steel. Progressive demand for electricity and power as well as the launch of green vehicles will increase the demand for green steel in coming years.
How COVID-19 Impacted on Waste Water Treatment in Chemicals & Materials Industry ?
COVID-19 Impact on Waste Water Treatment in Chemicals and Materials Industry Wastewater treatment involves numerous biological, and chemical process where wastewater that contains contaminants are purified after the removal of the pollutants and the effluent obtained after the purification is cycled back to nature. Although treatment of wastewater normally takes place in a wastewater treatment plant or sewage treatment plant, the capacity, as well as technical capability of the facility varies according to the origin of the wastewater. For instance, wastewater that originates from industries is treated in industrial wastewater treatment plants that are employed with advanced chemical, biological and mechanical pieces of equipment and technologies. Some of the most common classifications of wastewater treatment plants include phase separation, biological and chemical separation, polishing, among others. Since the demand for freshwater is growing exponentially day by day, water treatment or recycling has become a necessity, particularly since urbanization is gaining a stronger pace in emerging economies. As water is an important commodity for human survival and demand for the respective product is expanding. Recycling contaminated water has become of paramount importance. As a result, the global wastewater treatment market is gaining popularity and widespread acceptance across various nooks and crannies of the globe. COVID-19 IMPACT ON GLOBAL WASTEWATER TREATMENT MARKET Even though the COVID-19 pandemic disrupted many a market across the globe and inflicted the global economy with one of the toughest crises after World War II, certain markets benefited from the pandemic from moderate to an extensive scale. The global wastewater treatment market is one such market that gained an additional market push due to the pandemic. Since SARS-CoV-2 viruses are capable of being transferred through water, large-scale treatment of water across cities, municipalities have become extremely important to curtail the spread of the virus. Similarly, the need for proper and advanced wastewater treatment in hospitals has become a major priority for governments as well authorities to contain the secondary spread of the virus. As a result, decentralized wastewater treatment plants with multiple disinfection barriers in quarantine centers, isolation wards, among others are gaining popularity across the post-COVID-19 world. In short, due to the growing demand for clean water for various industrial and human indispensabilities, the overall demand for water treatment has been growing exponentially over the years. Further, the spread of COVID-19 boosted the necessity for proper wastewater treatment in varied segments as the SARS-CoV-2 virus is capable of transferring through water sources. However, due to various restrictions in economic developments and investments such as supply disruptions, and emergency measures implemented by the government, the scale of development in the global wastewater treatment market is lackadaisical. AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE MARKET To minimize the damage caused by the pandemic COVID-19 across the globe, various governments are implementing various measures. However, several such initiatives are boosting the demand as well as sales of the global wastewater treatment market. For instance, · After a considerable scientific exploration into the pandemic and the SARS-CoV-2 virus responsible for the pandemic, the presence of SARS-CoV-2 in sewage treatment plants was confirmed. As a result, the executive secretary of Basel, Rotterdam and Stockholm Convention (BRS) argued for the importance of wastewater management, particularly from the medical, household, among others, and named it as an essential public service to ensure minimal impacts on human and environment in the battle with COVID-19. Such governmental safety measures could spread awareness regarding wastewater treatment and could boost the pace associated with the growth of the global wastewater treatment market. Nonetheless, the pace of growth is still significantly primitive due to various socio-economic limitations associated with various parts of the world. STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE Manufacturers in the global wastewater treatment market experienced several adversities due to obstructions in the production facilities. Manufacturers have taken many strategic decisions such as collaboration and partnerships for the development of efficient technologies and for increasing production rate to meet the market demand once it returns to normal. Utilizing e-commerce and the establishment of local supply chains are also some of the new strategies used by various manufacturers to counter the effects of COVID-19. Moreover, several industries have enhanced information transparency among each other and are working together to help each other to overcome the financial constraints experienced and to increase cash flow into the business. PRICE IMPACT The price of water treatment equipment and accessories is expected to fluctuate due to an expected disturbance caused by the outbreak of coronavirus disease (COVID-19). Such market fluctuations have prompted manufacturers to find new contract manufacturers and suppliers to shift production operations along with new contracts for the supply of raw materials. Due to an increase in production cost and reduction in profit margins due to the shortage in raw materials, components, and difficulties in the commercialization of products, many a manufacturer is increasing prices of their products. For instance, · In June 2021, Ecolab Inc., a global leader in water, hygiene, and infection prevention solutions and services, has announced that a pricing hike of 9% and 15% will be introduced to the company’s industrial segment products effective immediately or as contracts permit due to an escalation of energy and raw material costs, limited availability of raw materials and rising transportation, packaging, utility and personnel costs IMPACT ON DEMAND COVID-19 has induced a multi-layered crisis comprising domestic price fluctuations, the overall decline of external demand, along the collapse of prices that have an impact on supply and demand for goods. The impact of this could be contemplated across the globe irrespective of the market. The COVID-19 pandemic has affected every aspect and sector as COVID-19 is an emerging, rapidly evolving situation across the world. However, several manufacturers in the global water treatment market have been utilizing this opportunity to launch new products and to address the demand created by the global discovery that the SARS-COV-2 virus is capable of transiting through wastewater. For Instance, · Suez Group introduced monitors the presence of SARS-CoV-2 in wastewater networks, capable of detecting the British variant, among others. This system manufactured by the Suez Group is currently being used in around 100 local communities in Spain, utilized by around 13 million inhabitants. Similarly, the same system is employed in100 local communities in France, with 1.8 million inhabitants. The same water treatment system is also utilized in the UK, the US, and Latin America. In short, it is appropriate to conclude that the pandemic, COVID-19 has boosted the overall demand for wastewater treatment plants and equipment across the globe. Nevertheless, the extent of the respective demand growth is relatively limited. IMPACT ON SUPPLY CHAIN The sudden outbreak of COVID-19 and its subsequent impact on restrictions on trade and movement of goods has resulted in a shutdown of vast portions of the global economy. This has in turn disrupted supply chains of the global wastewater treatment market due to the limited availability of materials and workforce. Further, due to the lockdown scenario, and restrictions in international trade, several manufacturers are also facing difficulties in clearing their old stocks. As a result, it could be conclusive to say that overall of the supply chain of the global wastewater treatment market is affected horrendously by the COVID-19 pandemic. Nevertheless, the governmental measures to unlock economies and global trade in recent months could be considered as a sign of shimmering hope for the global wastewater treatment market. CONCLUSION To recapitulate, although COVID-19 has caused a major disruption to many global economies, the pandemic has slightly boosted the demand in the global wastewater treatment market due to the fact that the SARS-CoV-2 virus, that is responsible for the pandemic could spread through savage water. The governmental regulations and initiatives regarding the urgency to curtail the pandemic also have been helping the respective market to grow. However, due to disruptions in supply chains of final products as well as raw materials, the global wastewater market is unable to tap into the demand and sales growth provided by the COVID-19 pandemic. As a result, a large-scale price increase is witnessed in products associated with the respective market. When combining and considering all these factors, it could be concluded that though, the pandemic COVID-19 has been difficult for the global wastewater market, lackadaisical progress could be witnessed for the respective market in terms of demand and sales. However, the respective market is capable of fully unleashing its potential and make excellent economic growth once the current disruptions in supply chains and manufacturing have been retracted.
How COVID-19 Impacted on Automated Cell Cultures in Healthcare Industry ?
COVID-19 Impact on Automated Cell Cultures in Healthcare Industry The economy and businesses across the world have been influenced greatly because of the COVID-19 pandemic. The COVID-19 has spread globally in unprecedented ways due to its high infectious and contagious nature and lack of vaccine. The World Health Organization (WHO) declared COVID-19 as a pandemic due to its increased spread across the globe. According to the situation report of 7th June 2021 by WHO, 174 million corona cases had been reported globally and 3.7 million patients died due to the coronavirus. On a slightly positive note, a total of 157 million people have recovered, and 1.9 million vaccine doses have been administered. Cell culture refers to removing cells from an animal or plant and their subsequent growth in a favorable artificial environment. Automated cell culture systems are instruments that mechanically carry out the steps involved in growing and maintaining a cell culture useful in any lab that works with cell biology, cell signaling, protein expression, or drug discovery. An automated cell culture system helps to grow cell cultures while saving labor time and reducing errors. Increasing demand for cell culture technology in vaccine production and wide acceptance of cell culture techniques in various applications accelerate the market growth. However, the high cost of automated cell culture systems and lack of skilled and certified professionals are expected to obstruct the market growth. COVID-19 pandemic created problems for many drug, clinical, medical equipment, and device manufacturing companies, including market players that provided automated cell culture products & services. Though, different kind of policies has been adopted by different companies across the globe for carrying forward the manufacturing processes. PRICE IMPACT COVID-19 claimed a considerable number of lives worldwide, which is a concern in countries with high patient co-payments and an appreciable number of families going into poverty when members become ill. Consequently, there is a need to review prices and availability of pharmaceutical products during the COVID-19 pandemic to provide future direction. The pandemic has impacted on utilization and prices of pertinent medicines and products but moderated by increased scrutiny. Key stakeholder groups can play a role in enhancing evidence-based approaches and reducing inappropriate purchasing in the future. For instance; • The Price of BACTEC FX-40 Automated Blood Culture System manufactured by BD is USD 10,608.08 • The price of Gibco HEPES, a reagent used in cell culture manufactured by Thermo Fisher Scientific, is USD 30.90 Product cost is the major setback for the market as it is expected to decrease the demand due to high costs. As the instruments and consumables related products such as cell counters, reagents, and buffers have high prices, the cost of automated cell cultures can impact the market. IMPACT ON DEMAND Today, most biotechnology products are primarily dependent on the mass culturing of cell lines. Cell cultures have found applications in diverse areas and serve as a model system for numerous research efforts. An increase in funding from the government for cell-based research is significantly triggering the growth of the market. In addition, cell culture techniques are widely used as an alternative to current egg-based strategies for developing cell-based vaccines. Thus, cell culture technology has been widely used in developing U.S. -licensed vaccines such as vaccines against rubella, smallpox, chickenpox, hepatitis, rotavirus, and polio. For instance, • Over the last month and a half, the Centre for Cellular and Molecular Biology has established stable cultures of COVID-19 causing coronavirus. The lab's ability to culture the virus enables CCMB to develop vaccines and test potential drugs to fight COVID-19. As observed, because of the current COVID-19 situation, the demand for automated cell culture services gradually increased due to the wide acceptance of cell culture techniques in various applications and growth in the biotechnology sector. This shows that various initiatives taken by organizations and market players are helping to tackle this COVID-19 situation as products are made available, and the situation is likely to get better in the future. IMPACT ON SUPPLY CHAIN Lockdown policies in different countries have resulted in the closing of product providers, decreasing walk-in customers to prevent the spread of the disease. This led to a significant delay in the supply of the product. Also, during the lockdown period, the market for online delivery of products has seen a rise, which is normal considering the situation. The companies dealing in the automated cell culture worldwide have taken strategic steps to supply products to people across the world properly. The Coronavirus Disease 2019 (COVID-19) pandemic triggered unprecedented increased demand for some clinical devices, as well as significant disruptions to global medical and clinical device manufacturing and supply chain operations. The FDA is monitoring the medical and clinical product supply chain and working closely with manufacturers and other stakeholders to evaluate the risk of disruptions and prevent or reduce their impact on patients, health care providers, and the public's health at large. For instance, · On March 27th 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. The CARES Act added Section 506J to the Federal Food, Drug, and Cosmetic Act (FD&C Act). It provided the FDA—for the first time—with new authority intended to help prevent or mitigate negative public health impacts of medical device supply chain disruptions “during, or in advance of, a public health emergency declared by the Secretary under section 319 of the Public Health Service (PHS) Act.” The FDA issued an immediately in effect guidance, Notifying CDRH of a Permanent Discontinuance or Interruption in Manufacturing of a Device Under Section 506J of the FD&C Act During the COVID-19 Public Health Emergency: Guidance for Industry and Food and Drug Administration Staff. This guidance is intended to assist manufacturers in providing the FDA timely, informative notifications about changes in the production of certain medical devices that will help the Agency prevent or mitigate shortages of such devices during the COVID-19 public health emergency. · In April 2020, according to Indian Drug Manufacturers Association (IDMA), Vice-Chairman, T Sathish, the pharma sector in the country has been hit by a shortage of workforce, packaging materials, and transport the COVID-19 lockdown. This has led to a shortage of product packaging materials and has made matters worse for the pharmaceutical companies. He urged the government to permit the supporting industry to function to ensure that the supply chain was not disrupted. This shows that even if the COVID-19 situation disrupts the supply chain of products, the initiatives taken by the government and different companies create hope for the proper supply and use of products available. STRATEGIC DECISIONS FOR MANUFACTURERS COVID-19 might have hampered the supply and use of products, but it also allows companies to improve their business by different means. As a pharmaceutical company always does, it tends to find newer and better ways to treat a disease; the same is true with automated cell culture services and products. Always bringing out better solutions in the market will increase their business efficiency. For instance, · In 2020, in the U.S., the companies with direct exposure to COVID-19 outbreak were taking several actions, including transporting available inventory to areas away from quarantine zones and near ports where it can be accessed for shipping, buying ahead to procure inventory and raw material that are in short supply in impacted areas, activating pre-approved raw material substitutions in places where the primary supplier is impacted. However, a secondary supplier is not updating customers about delays and adjusting customer allocations to optimize profits on near-term revenue or to meet contractual terms and shaping demand by offering a discount on the available inventory in cases where supply may be short for late winter-early spring fulfillment optimizing near-term revenue. This signifies that despite this COVID-19 situation, the companies make different strategic decisions that will make their business grow at least back to pre-pandemic levels. 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 can win the fight against COVID-19. The first wave had already inflicted severe blows to the population and economy. The currently experiencing the second wave and expected the third wave is likely to be more disastrous to the masses and healthcare markets. As this pandemic situation has resulted in many restrictions in different places around the world, the market players dealing in automated cell culture services and products were still able to manage their stock. Different companies were finding out their way to deal with this pandemic situation. The government and companies around the globe are working together and have issued advice for those who are undergoing treatment during these unprecedented times during COVID-19 lockdown around the world. The supply chain was destroyed, but several steps were taken by the government and companies, which will help them get their needed output for the products. By increasing the material price, the companies can maintain their overall revenue. Thus, different companies dealing in automated cell culture services and products are finding out their ways to deal with this pandemic situation.