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How COVID-19 Impacted 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.
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There are unpredictable reasons for the business success and survival i.e. both external and internal factors. A large number of business failure and success depends on the problems defined externally. Most small business owners have limited experience in management while tend to have technical or professional skills. This can result in subsequent reversal of the fortune in the widespread business failure. Everyone including suppliers, investors, employees and customers lose when a business owner fails. According to the recent stats and figures: ➢ 90% of the business failure results due to cash flow problems ➢ 80% of the business owners serve 2 years in business, 50% of all businesses form it 5 years, 30% sustains 10 years ➢ 50% of business owners strike cyber-attacks, only 20% of small businesses rates their ability to mitigate vulnerabilities, cyber risks and highly effective attacks Internal causes of Business failure – • Lack of management • The deficit in invoicing • Incompetent sources of finance • Poor debts External causes of business failure - • Strict governmental measures may affect specific sectors of business activity and impose a stringent burden on SMEs. • The bankruptcy of Main Customer or Supplier STEPS THAT WILL STOP BUSINESSES FROM FAILING – ✓ Passion in business is important ✓ Look out for more questions ✓ Running a Beta Test ✓ No Fool-proof ✓ Manage cash flow ✓ Plan for the future Plan and forecast your business with proper account receivables, reports and keep track of inventory turnover and operating margins. Handle the business metrics like a pro by choosing an Online Invoicing Software like Invoicera. Invoicera offers the following features to all business industries – ▪ Online Invoicing ▪ Online Payments ▪ Staff Management ▪ Time Tracking ▪ Financial Forecasting ▪ Expense Management ▪ Credit Note Management ▪ Subscription Billing Try Invoicera for Free - https://bit.ly/3jEd3pD Read More: 6 Amazing Ways to Avoid Business Failure in Any Crisis
India Plant Protein Market Experienced A Positive Growth In CAGR
The plant-based protein market in India has been recording a strong growth in recent quarters across segments such as dairy alternatives, supplement products, meat substitutes, and processed products. The growth is mainly driven by the rising purchasing power of lower and middle-income families, increasing demand for gluten-free and lactose-free products. It is expected that increasing number of youths going to gyms, fitness clubs, and growing health consciousness especially among GenZ and millennials is likely to drive the market growth in the short to medium term. With the growing fear of coronavirus infection, people are increasingly avoiding the consumption of animal products across the globe. The trend is also evident in the Indian market. Additionally, the contagion is also galvanizing the demand for herbal foods and beverages as an immunity booster. As a result, shifting consumers’ preference from animal products to plant-based protein during the ongoing pandemic is creating growth prospect for the Indian plant-protein market. The growing awareness of animal cruelty is another key driver for the plant-based products in India. The surge in social media videos showing cruelty inflicted on animals in meat and dairy industries is one of the reasons, millennials and Gen Z are shifting towards meatless meat products. The growing awareness and demand for innovative plant-based protein are creating opportunities for the ever-growing startup ecosystem in India. The plant protein market is still in a nascent stage in its development and therefore several startups are entering into space. To establish their presence in the Indian plant protein market, small businesses are moving faster and raising funds for product innovation and development. The growing sales of plant-based meat and dairy products in restaurants and foodservice channels are also supporting the market. With the rising demand, more retailers around the country are expected to introduce private label products in the market. Retailers like Reliance Fresh, D-Mart, and Big Bazaar are already providing shelf space to plant-based products from different brands including Chetran Foods. The plant protein market in India has recorded a strong growth with a CAGR of 36.1% during 2018-2020. According to ConsumerIntel360’s Q4 2020 Global Plant Protein Survey, plant protein in India is gaining traction among health-conscious consumers in recent years. Large consumer food companies are launching plant-based alternatives to cater to the changing consumers' preferences. New product developments and a rising number of product launches in this segment are changing the overall outlook of the plant protein industry. The market growth has been also fueled by the ongoing COVID – 19 pandemic. The demand for plant protein products is expected to increase significantly over the short to medium term. Plant protein industry is expected to continue to grow in India over the forecast period. It is expected to record a CAGR of 29.0% during 2021-2027. The plant protein consumption in the country will increase from US$ 568.3 million in 2020 to reach US$ 3490.0 million by 2027. Scope This research report provides in-depth analysis of plant protein industry in India, providing white space / gap analysis, product innovation, product claims analysis, and brand share analysis, competitive landscape, market size across 50+ segments. Below is the taxonomy, providing detailed scope of coverage. India Plant Protein Market Dynamics – Strategy & Innovation • Competitive Landscape Snapshot • White Space / Demand Gap Analysis by Product Category • Brand Share by Product Category • Key Innovative Launches • Insights on Market Dynamics India Plant Protein Market Size by Ingredients • Soy • Pea • Beans & Lentils • Hemp • Flaxseed, Pumpkin & Other • Brown Rice • Quinoa • Spirulina & Seaweed • Nuts • Other India Plant Protein Market Size by Product Categories • Nutrition Supplements • Protein Bars • Sports Nutrition • Meal Alternative • Dairy Alternatives • Meat Alternatives • Bakery Products • Infant Formulas • Other India Plant Protein Market Size by Functional Segments • Ready to Mix • Ready to Eat • Ready to Drink • Ready to Cook India Plant Protein Market Share Analysis by Sales Channels • Online • In-Store India Plant Protein Market Share Analysis by Type of Retail Outlet • Pharmaceutical & Medical Store • Grocery Retailers • Health and Wellness Stores • Specialist Sports Store India Plant Protein Market Size by Retail Sales Pricing • Premium • Mid-Tier • Low End India Plant Protein Market Size by Cities • Tier 1 Cities • Tier 2 Cities • Tier 3 Cities India Plant Protein Consumption by Demographics • Age • Gender • Income Key Plant Protein Brands in India (based on consumer popularity) • Borges • CAFE HOUSE • CLIF BAR • Cowvathi • Dabur • Del Monte • Dr. Berg’s • EAT Anytime • Edward & Sons • Flex Protein • GoodDot • Goodmylk • Granarolo • HealthOxide • Kapiva • Kivu • Life Roots • Mili • Mimmo Organics • Mojo Bar • MuscleBlaze • MyFitFuel • MyProtein • Naturade • Natures Velvet • Now Foods • Nusobee • Olena • Optimum Nutrition • OZiva • Pintola • Plant Power • Plix • Protinex • RiteBite - Max • Sain • Sampoorna Satwik • Similac • So Good • Sofit • Soyfit • SoyFresh • STRIVE • The Good Food Company • True Elements • True Supplements • Urban Platter • Vega • VegOChef • Wellversed • Yogabar Read full story @ https://bit.ly/3ALYkQ4
Membervio Review (Neil Napier): Good or Bad?
Membervio Review Membervio Review - What is Membervio? Membervio helps you create your own STUNNING premium membership site with online courses, coaching programs, and much more… with built-in payment integrations & automated account management. Simply get access & create the course of your choice to get started. Then, you can even customize the course to suit your target audience from within your powerful dashboard & name your price. Instantly share your ready-to-convert courses to begin making big bucks right here & right now. Besides, they will also even help you profit faster with other people’s knowledge by including FIVE DFY Courses (I mentioned) that you can sell & keep 100% of revenue. Membervio can do things that no other tools in the market can do. And the best part is, you can grab it with a low one-time price during this special launch till Oct 19th. So, act fast! https://app.box.com/s/qe3h3gnzxye8c6cvpclgh2vzcn8vnhgu https://pbase.com/topics/affiliatesayhi/membervio_review https://www.plurk.com/p/olp3m0 https://www.flickr.com/photos/edwardrecommends/51600719725/in/dateposted/ https://affiliatesayhi.tumblr.com/post/665311599412871168/membervio-review-neil-napier-1-teachable https://vk.com/wall516421045_25 https://www.deviantart.com/affiliatesayhi/art/Membervio-Review-895159496 https://tapas.io/edwardrecommends https://www.evensi.com/page/membervio-review/10079877981 https://descubre.beqbe.com/membervio-review https://slashdot.org/submission/14792211/membervio-review https://dribbble.com/shots/16670899-Membervio-Review Thanks for reading my Membervio Review!
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 :
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Ekspedisi Bandung bajawa Logistik Express merupakan layanan pengiriman barang-barang industri berupa mesin, barang onderdil seperti sparepart, oli, maupun komponen-kompenen mesin dari Bandung Tujuan Balangan. Ekspedisi Bandung bajawa merupakan salah satu kota yang mempunyai banyak UKM sektor industri kreatif kelas atas antara lain arsitektur, desain, fashion, dan bidang lainya. Kota Bandung menjadi sentra industri yang terkenal diantaranya Industri yang paling banyak tersebar di kota bandung yaitu Industri Textil dan Produk Textil, Industri Makanan dan Minuman, dan Industri Percetakan. Jasa Pengiriman barang Ekspedisi Bandung bajawa sangat dibutuhkan untuk menunjang sektor pengiriman barang antar kota dari bandung tujuan ke Balangan. Cargo Logistik Express Ekspedisi Bandung bajawa memberikan pelayanan pengiriman dengan tarif terjangkau untuk para pengusaha dan juga memperluas akses pasar UMKM dari berbagai daerah di Indonesia, sebagai antisipasi menyambut MEA (Masyarakat Ekonomi Asean). Angkut Barang di lokasi / Pickup Door Antar Pengiriman Sampai Ke Tujuan To Door Layanan Packing Kayu, Plastik Dan Bubble Wrap Pembayaran Setelah Barang Di Pickup Pembayaran Mudah Via Transfer Layanan Customer Service & Order : +62816267079 Cek tarif pengiriman dari Bandung lainnya : Ekspedisi Bandung bajawa Ekspedisi Bandung balangan Ekspedisi Bandung baleendah Ekspedisi Bandung balige Ekspedisi Bandung balikpapan Ekspedisi Bandung banda naira Ekspedisi Bandung bandar baru Ekspedisi Bandung bandar jaya Ekspedisi Bandung bandar lampung Ekspedisi Bandung bandar seri bentan Ekspedisi Bandung banggai Ekspedisi Bandung bangil Ekspedisi Bandung bangkalan
How COVID-19 Impacted on Wood Based Panel in Chemicals & Materials Industry ?
COVID-19 Impact on Wood Based Panel 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 situation report of 7th June 2021 by WHO stated 174 million cases of the corona have been reported globally and 3.7 million patients are dead due to the coronavirus. On a slightly positive note, a total of 157 million people have recovered and a total of 1.9 million vaccine doses have been administered as well. Due to the outbreak of COVID-19, demand for wood-based panels from various end-users such as residential & commercial buildings, schools, malls, and hotels is impacted due to the lockdown imposed by various national governments globally. Due to lockdown restriction, all manufacturing activities are put on hold due to lack of labour & raw material supply, which limits the demand for wood-based panels in the market. For all the key segments of the forest sector (wood harvest, sawmills, wood-based panels, pulp and paper, and wooden furniture), the biggest impact from COVID-19 was the disruption of cross-border trade, which sharply dropped in the first three quarters of 2020 compared to the same period of the previous year. Aftermath of COVID-19 and Government Initiative to Boost the Market After the COVID-19 pandemic, the wood-based panel market is expected to gain momentum due to the increasing demand from various end-users. Government of an economy and their policies plays an important role in revamping the global economy back to its anterior state. Currently, many policies are being formulated by governments for creating employment along with the utilization of resources for bringing production and sales in the market back to their previous glory. During the pandemic, various nations’ governments took immediately drastic steps to curb the increase in contamination with COVID-19 by restricting travel, closing international borders. While the various government has eased restrictions to allow the manufacture and export/import of the various goods. For Instance · European commission has issued a decision that allows for import duty and VAT relief for goods to combat the COVID-19 outbreak. Relief from import duties and VAT for goods to combat the COVID-19 outbreak is issued in Europe as a government measure to boost the country’s economy However, the governments of various nations are also trying to revive the economy with strategic decisions such as revival package of initiatives to support the small, medium, and large industries, including guaranteed loans, the micro to medium-sized enterprises were provided government support for workers’ wages, to cover interest payments on loans and to provide operating capital. Other benefits include deferral of payments on corporate income tax for businesses, including the elimination of interest payments on outstanding loans for up to three months. Strategic Decision for Manufactures after COVID-19 to Gain Competitive Market Share Although the COVID-19 pandemic has disrupted the global economy, various manufactures are trying to take market share in the region with their various CSR programs. Various international organizations of wood-based panels are also holding a virtual conference to look at furniture & design trend movements, the performance of global wood-based panel markets, and an update on innovative technologies in the wood-based panels. For instance: · Wood-Based Panels International (WBPI) holds a half-day virtual event on May 11, 2021, to look at how the international wood-based panels industry has adapted to the current pandemic, with a special focus on furniture trends Impact on Price COVID-19 has complicated the situation by depressing the various industry sectors' growth across the globe. The economic downturn weakens the demand in local as well as global markets. Due to the spread of the COVID-19 pandemic, the price of the raw materials increased drastically which in turn increased the price of lumber panels. Other factors that put upward pressure on lumber prices are the increasing cost of manufacturing and transportation. Various stakeholders are involved in the production chain of procuring, harvesting, transporting, and processing logs into lumber. Labour shortages during COVID-19 caused an increase in labour cost which has transferred to the price of lumber. For instance: · According to Random Lengths, the price of framing lumber rose to USD 1,494 per thousand board feet (mbf) in May 2021, a 250% increase when compared to USD 427 per mbf a year ago. Meanwhile, the price of structural panels jumped to USD 1,657 per thousand square feet (msf) from USD 414 over the same period, a 300% increase Impact on Demand The nationwide lockdowns imposed by the government of different nations. Most of the people are stuck at home, working from the home beginning in March 2020 encouraged many people to perform home repairs or upgrades such as outdoor decks or new wooden furniture. The high demand for houses, lower interest rates, investments in rental real estate, have resulted in high demand for lumber and structural panels. For instance: · To support the economy during COVID-19, the U.S. Federal Reserve decreased the federal funds rate to zero in March 2020, which encouraged people to enter the housing market. Historically low-interest rates have contributed to high housing demand which, in turn, raises lumber prices Impact on Supply Chain Due to the outbreak of COVID-19 globally, supply chain partners have experienced their challenges and may not be able to fulfil orders on time during the pandemic. This is primarily due to the restrictions on the movement of transportations across different countries as well as within the countries. Most of the industries are lacking workforce availability for production whereas some industries are not able to get the orders due to less demand in the market from the end-users. So overall this pandemic has affected very badly on most of the industries across the globe. For Instance: · As per a survey conducted by the Institute for Supply Chain Management on the European supply chain, it is found that nearly 75% of companies reported supply chain disruptions due to the corona virus-related transportation restrictions. In this way, the lack of workforce and demand for products from end-users has disrupted the supply chain network of the industries. 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 second wave is expected to be more disastrous not only to the masses but also to CnM markets. The first wave of the COVID-19 has affected most North American & European countries such as the U.S., Mexico, Germany, France, Spain, and the U.K., among others. This pandemic has led to a disturbance in the demand and supply of wood-based panels from the end-users. Currently, the second wave of the COVID-19 is going on and it has again disturbed the economic development in the region. However, now governments are trying to get more and more people vaccinated so that spread of the virus can be controlled and economic disruption can also be minimized as compared to the first wave of the COVID-19. Ongoing relaxation in lockdown across the various regions such as North America & Europe is expected to help in the revival of the global market.
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.
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Logistik Express Jasa Pengiriman Bandung Takengon,Aceh Tengah merupakan jasa pengiriman barang dan cargo dari Bandung ke seluruh Indonesia. Logistik Express didukung oleh team operasional lapangan yang handal, customer service profesional, serta armada darat, laut, maupun udara yang memadai. Sehingga menjadikan Logistik Express sebagai jasa kirim yang aman sampai ke alamat tujuan. Bagi customer tidak perlu khawatir akan proses booking pengiriman yang rumit, karena cukup dengan menghubungi customer service maka barang kiriman anda langsung bisa di proses oleh team kami. Logistik Express juga dilengkapi dengan tracking website, sehingga pengiriman transparan dan mudah dilacak keberadaannya oleh customer. Jasa Kirim Ke Takengon,Aceh Tengah  dari LogistikExpress.ID temukan harga terbaik untuk pengiriman Express di tempat kami yang telah berpengalaman dan pastinya barang anda aman sampai di tempat tujuan. Harga Tarif  hanya Rp9.000/Kg minimal pengiriman 100Kg Tarif Termurah Di Jasa Pengiriman Online Terbaru Dan Terupdate sampai 2021 di LogistikExpress.ID . LogistikExpress.ID adalah Jasa Pengiriman yang melayani pengiriman ke Seluruh wilayah Indonesia Layanan Customer Service & Order : +62816267079 Cek Tarif pengiriman dari Bandung lainnya : Ekspedisi Bandung sinabang Ekspedisi Bandung singaraja Ekspedisi Bandung singkawang Ekspedisi Bandung singkil Ekspedisi Bandung sinjai Ekspedisi Bandung sintang Ekspedisi Bandung sipirok Ekspedisi Bandung situbondo Ekspedisi Bandung slawi Ekspedisi Bandung sleman Ekspedisi Bandung soe Ekspedisi Bandung sofifi Ekspedisi Bandung solo Ekspedisi Bandung solok Ekspedisi Bandung soppeng Ekspedisi Bandung soreang Ekspedisi Bandung sorek Ekspedisi Bandung sorong Ekspedisi Bandung sorowako