victory7493
10+ Views

How COVID-19 Impacted on Polydiethylsiloxane Based Products (PES) in Chemicals & Materials Industry ?



PolydiEthylsiloxane based products (PES) refer to the type of high-performance polymer materials available with indifferent chemical properties such as low flammability. The polydiEthylsiloxane based products (PES) have a wide range of applications in many industries such as personal care, healthcare, textile, and several other areas. PolydiEthylsiloxane based products (PES) have a huge amount of durable power that improves the efficiency of the final products. Thus due to the COVID-19 outbreak, the demand for such products has to hamper because of the complete lockdown scenario. But the limited production capacities, lack of workers at the factory level, and supply chain interruptions continue to cause difficulties for the manufacturers in the market.
Though, the manufacturers are constantly working with the chemical individuals to stabilize the demand for polydiEthylsiloxane based products. The overall sentiment of COVID-19 has weakened the consumer's interest in polydiEthylsiloxane based products and has minimized its usage. The government and other trade associations are trying to maintain the demand level and thus have taken various steps to equilibrium the demand and supply of the polydiEthylsiloxane based products in the market.

AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVES TO BOOST THE GLOBAL POLYDIETHYLSILOXANE BASED PRODUCTS (PES) MARKET

In the aftermath of COVID-19, the government has taken various steps in order to maintain the demand and supply of chemicals. The government is also supporting local producers to boost the demand and supply cycle, which hamper due to the COVID-19 pandemic. The government has decided to extend financial and procedural support to domestic companies to kick start local production. The government is considering various stimulus packages to boost the chemical industry.

STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE

PolydiEthylsiloxane based products (PES) are a major part of the cosmetics and personal care industry. The breakout of coronavirus has shaken the entire chemical industry. Due to this pandemic, most of the production got hit and created a panic situation worldwide. Thus, to maintain the demand and supply, the government took various strategic decisions for the manufacturers. The government supported the local manufacturers getting the raw materials at reasonable rates, which started availing at higher prices. This step helped the manufacturers obtain raw materials at a much lower cost and saved huge amounts of loss. Also, various governments have extended support to small and medium enterprises to reduce dependence on imports, and domestic demands can be catered.

IMPACT ON PRICE

The prices of polydiEthylsiloxane based products (PES) have been affected due to COVID-19. Also, the downfall in the supply of products in the global market has largely impacted the prices. On the other hand, the government imposed a lockdown in every country. It also canceled all domestic and international flights, which affected the prices of polydiEthylsiloxane based products (PES) and their raw materials. The manufacturers followed the government rules and regulations regarding COVID-19 and tried to start a new manufacturing unit in a different region, impacting the price of polydiEthylsiloxane based products (PES). So, they have shown an imbalance in the overall pricing of the polydiEthylsiloxane based products (PES).

IMPACT ON DEMAND

The polydiEthylsiloxane based products (PES) have witnessed a dip in demand in various regions due to weak requirements from end-user in the industry, especially in personal care, textile, and several other industries. Due to the economic slowdown, the demand for such products except essential commodities has decreased, eventually reducing the consumption of the things used in them. Also the decline in various production activities, the demand for industrial materials has faced a significant hit. In this way, the demand for the entire chemicals and materials market has been impacted.

IMPACT ON SUPPLY CHAIN

Due to the outbreak of COVID-19, the supply chain has suffered abruptly. Manufacturers have stock, but they are not getting demand for it. So, there is a situation of oversupply in the market. In this situation, both manufacturers and consumers are facing the timely availability of raw materials.
The restriction over transportation and labor availability is another factor that has affected the supply chain of polydiEthylsiloxane based products (PES). At several parts, the manufacturers are struggling for raw material reach, and at the same time, some are struggling with delivering the product. Thus, the impact on supply is not due to one factor but is facing a hit from other manufacturing points.

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.
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 to the masses and several markets.
Firstly, the trade war between China and the U.S. has impacted the economy and the outbreak of COVD-19. These two unfortunate events have led to disturbance in the availability and the pricing of various market growth, including polydiEthylsiloxane based products (PES). Though the imbalance between demand and supply and its impact on pricing is considered short-term, it will not have a long-term impact on price.
Due to the continuous dropping requirements in application, the manufacturer’s margin is also declining, which they earn from providing polydiEthylsiloxane based products (PES) to various areas. Also, with the continuously dropping requirements of chemicals and materials used in various production activities, the manufacturers’ margin is declining, which they earn from the supply of polydiEthylsiloxane based products (PES). The government is taking steps such as relaxation on tax, fiscal deficit, and others to minimize the impact and maintain the equilibrium in the global market.
Comment
Suggested
Recent
Cards you may also be interested in
Laravel 8 Tutorial for Beginner: Create your First To-Do App
We will cover how to install Laravel and how to develop your first app in Laravel for beginners in this Laravel tutorial. You may now simply learn Laravel without having to watch any Laravel video series or tutorials. This laravel tutorial will teach all of the important ideas in simple language so that you may learn and comprehend laravel quickly. Introduction Laravel is an attractive, expressive, and versatile PHP framework that bills itself as "the PHP framework for web craftsmen" because of its emphasis on clean code and speed. Taylor Otwell designed a free and open source PHP framework based on the Model View Controller (MVC) architecture. Developing a web application from the ground up might be intimidating, especially if you are a novice. A simple web application has a variety of little and large elements, and building those pieces each time you build a web app can be tedious and repetitive, so there's no use in spinning the wheel. Laravel comes to your rescue at this point. The Laravel framework includes a number of PHP libraries and auxiliary functions that can help you focus on the more critical aspects of your project while also offering common methods and logic to speed up and simplify development. There is a learning curve at first, especially if you are a newcomer with no prior expertise with a web framework. But trust me when I say that once you get into it, you will not only love it, but you will get hooked to it. Laravel strives towards innovation in development. The term 'Web Artisan' is used to describe the creative element of the developer's personality. As a result, the application is more efficient, with less lines of code and well-designed code. I developed this laravel tutorial with a novice audience in mind to make it easy for you to understand. As a result, you will find it simple to follow this laravel tutorial. What should you know before diving into our Laravel tutorial? HTML/CSS (Of course!) Basic PHP knowledge is required. Intermediate PHP - Although this is somewhat optional, if you have the time, understand some intermediate concepts such as PHP OOP, abstraction, and so on. Perseverance – Basic understanding of the MVC Framework Even while Laravel is simple to learn, it will put your patience to the test at times. At the very least, I ran into some difficulties because I knew PHP but had no experience with frameworks. Even while I was studying the framework and successfully completing projects, I was perplexed by the MVC Framework's core underlying notions. I didn't give up, though. C'mon, web building is enjoyable! At the very least, Laravel made it fun. It's best to take your time and enjoy the learning process. Laravel Tutorial: Creating a Simple CRUD To-Do Application Practice is the most effective way to learn programming. Thus, with the aid of this Laravel tutorial, we will understand basic ideas of Laravel by creating a simple To-Do Laravel Web App that will do the following functions. The online app allows you to register and login. You may add things to your to-do list, as well as edit and delete them. Because your list is only available to you, it uses email id and password authentication. Exploring Directory Structure The Model-View-Controller architecture design pattern is used in Laravel applications. Models describe database entities and assist you in querying and returning data from the database. Views are the pages that will appear when the app is opened. The View Component is used to create the application's user interface. Controllers manage user requests, pulling data from models and passing it to Views. Controllers conduct business logic and incoming requests as an intermediate between Model and View Components. I hope that this Laravel tutorial helped you understand the fundamental concepts of Laravel and inspired you to learn more.
Commercial Property Investments - What Are the Top Benefits?
Commercial properties include manufacturing shops, industrial estates offices, grocery stores, shopping malls and more. Commercial property expenses, which include occupancy rates, new building rates and sales prices, is used often to measure business activities in a specific economy or region. For instance, the changes in costs of commercial real estate across the US are measured by the RCA Commercial Property Price Indices. Read and find out about some of the major advantages of investing in commercial property for sale in Langley. Regarded as a sound investment option Commercial property has always been traditionally regarded as a sound investment option. The initial costs of investment for the property as well as the customization expenses for tenants are much more than in case of residential real estate properties. But there can be higher overall returns in case of commercial real estate. Also some of the common hassles that are involved with residential properties are not present while dealing with a corporate organization and in case of Clear leases. Pricing is more straightforward The leasing terms are favorable in case of commercial properties. There is also the advantage that pricing is more straightforward in this case. Anybody who invests in a residential property needs to take care of various factors, such as the emotional appeal of a property to potential tenants. Commercial property investors, on the other hand, can depend on the income statement - which reveals the worth of existing leases. Then, this can be compared against the rate of capitalization of various other commercial properties located in that space – such as for commercial retail space for sale in Langley. Triple net lease availability It is also possible for commercial property investors to use the Triple Let Lease by which expenses related to maintenance, building insurance, real estate taxes etc are paid by the company that leases the premises. Residential real estate investors cannot get all these benefits. It is also possible to make commercial property investments via REIT or real estate investment trusts. Real estate investment trusts can be the best option in case you wish to make commercial property investments but do not want to purchase an entire building or have the capital for the same. Author Bio Rick Lopez advises people about commercial property planning, industrial land, office space and retail space for lease.
How Impacted COVID-19 on Retail Ready Packaging in Materials and Packaging Industry ?
COVID-19 Impact on Retail Ready Packaging in Materials and Packaging Industry The design of Retail Ready Packaging (also known as Shelf Ready Packaging) makes it easier for merchants to sell their goods. This secondary packaging makes it simpler to stock shop shelves or store floors by reducing the amount of handling required. Display trays and cases are examples of this form of packaging, which may be put on a shelf and ready for the consumer to shop. COVID-19 has adversely affected the demand of the retail ready packaging market. The global retail ready packaging industry is taking the measures required to respond to the Coronavirus pandemic (COVID-19). In order to continue to meet retail-ready packaging needs, crisis arrangements have been applied. The companies are dedicated to the safety and well-being of the employees all across our world, so that their production staff operates efficiently and effectively. Retail ready is booming globally, and in the Coronavirus pandemic period, retail ready packaging emerged as the most viable option for the purchase of goods by a large populace. Growth in retail sector is impacting the demand for retail ready packaging on a global scale. AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVES TO BOOST THE GLOBAL RETAIL READY PACKAGING MARKET COVID-19 has impacted the growth of the packaging market as most of the retail units and manufacturers had to face lockdown. The demand from the domestic sector in developing economies also faced extreme challenges, resulting in lower retail sales output. The U.S. Government has enforced stringent biosecurity procedures and directed all activities to be carried out by digital communication. The government has taken steps to sanitize all the places and policies have set up for the growth of business and manufacturing industries to cover the losses. Government authorities have promoted communication with the digital economy for businesses and households. Online content distribution regulatory requirements have been explained, and relaxed if appropriate. Several big manufacturers are taking initiatives to improve the design of packaging products, which will also positively impact the market. The demand for retail ready packaging is expected to grow, with the growing number of retail outlets in remote locations post-pandemic. Strategic decisions for manufacturers after covid-19 to gain competitive market share Economists predict a sustained strong growth over the next few years with an emphasis on retail ready packaging, powered primarily by growing urbanization and rapidly growing mass retails and clubs. Shelf ready packaging is high in the demand for food and beverage and pharmaceutical products packaging, which help the manufactures to earn profits from the stock. Manufacturers have also taken strategic decisions to cover the losses which occurred due to COVID-19. Several OEMs and manufacturers have collaborated to resume production, which had been put to a halt due to fluctuations in raw material. Users can combine a traditional retail experience and high street selling points with online sales channels that are critical on the Web, mobile, or any digital channel relevant to the business and the industry with a well-designed retail ready architecture. IMPACT ON DEMAND The demand for retail ready packaging has witnessed a rapid rise after the spread of coronavirus. The fear of viruses has increased the awareness and consciousness among the consumers. It has been observed that the demand for shelf ready packaging products has been used for the pharmaceutical and food industry and has also shown a remarkable rise recently. The complete shutdown has led to enhancing the business of e-commerce which has also enhanced the usage of retail ready packaging. On the other hand, retail ready packaging products are also used to display the quality of stored product, which also boosts its demand in the market. All such factors have resulted in boosting the demand for retail ready packaging globally. PRICE IMPACT Prices of the retail ready packaging have been adversely affected as the surge in the end-use demand has resulted in increased prices due to the COVID-19. The pandemic has led to a shortage of raw material, primarily caused due to the import-export barriers between nations. Furthermore, increasing packaging demand in the pharmaceutical sector due to ongoing pandemic has added up to the price of retail ready packaging. IMPACT ON SUPPLY CHAIN The supply chain has been affected more due to the COVID-19 lockdown. Manufacturers cannot clear old stock in the inventory and cannot manage the future demand for retail ready packaging. The supply chain has also impacted raw materials imported from other regions for the manufacturing of retail ready packaging. In some countries, the manufacturers are struggling with the low availability of skilled workforce due to complete lockdown, affecting the supply of retail ready packaging products. Despite all these problems, the manufacturers enhance the supply by taking every possible step to fulfill the projected requirement. Several retail ready packaging manufactures have started re-evaluating their supply chains and are in the process of shifting and expanding their supply chains to other countries. CONCLUSION Retail ready packaging takes a more holistic approach and considers both shelf replenishment and supply chain necessities, and provides a better interface with the shopper while on the shelf. As it is used mainly in pharmaceutical companies and the retail industry, the market has witnessed exponential growth. The adoption of new techniques across the industrial domains has enhanced the demand for retail ready packaging. Further, the manufacturers are striving to maintain the supply as per the growing demand in the economy. The gap in the supply chain is hampering the timely availability of end-product in the market. The government and the higher authority are also taking positive action towards the growth of the packaging industry to boost the demand of the retail ready packaging market. Read more COVID-19 Resources
Cung cấp, lắp đặt kệ kho vải cuộn chất lượng, giá rẻ
Ngành may mặc Việt Nam trong những năm gần đây ngày càng phát triển và dần chinh phục các thị trường trong và ngoài nước. Quy mô sản xuất ngày càng lớn kéo theo nhu cầu lưu trữ nguyên liệu vải ngày càng cao. Vì vậy, nhiều kho hàng được xây dựng để đáp ứng nhu cầu chứa vải cuộn làm nguyên liệu cho nghành may mặc. Để giúp bạn có được sự lựa chọn đúng đắn nhất, kệ kho trung tải mang đến các giải pháp kệ chứa vải sau. Những mẫu kệ chứa vải hiệu quả nhất được các doanh nghiệp lựa chọn Hầu hết các loại kệ hạng nặng, kệ trung tải đều có thể sử dụng để chứa hàng hóa vải cuộn cũng như thành phẩm của ngành may mặc. Tuy nhiên để đảm bảo tính ưu việt và tận tối đa của kệ chứa hàng mà các doanh nghiệp hiện nay đang sử dụng 4 loại kệ dưới đây trong các kho chứa vải cuộn cũng như các thành phẩm. 1. Kệ Selective cho kho vải lớn Kệ Selective được sử dụng phổ biến trong các kho vải lớn. Chúng phù hợp với những doanh nghiệp cần lưu trữ một lượng lớn cuộn vải. Bên cạnh đó, loại kệ này chứa được nhiều chủng loại hàng hóa, chúng sẽ là sựa lựa chọn tuyệt vời cho những nhà máy sản xuất đa dạng các mặt hàng vải, quần áo hay thời trang. 2. Kệ Drive In lưu trữ lượng lớn vải đồng nhất Nếu doanh nghiệp chỉ cần lưu trữ một chất liệu vải duy nhất, kệ Drive In sẽ là sự lựa chọn tối ưu. Mật độ chứa hàng của loại kệ này rất cao, có thể tận dụng đến 70% diện tích kho, do giảm tối đa không gian dành cho lối đi. Tuy nhiên, khả năng tiếp cận vải của chúng rất kém, nên chỉ phù hợp với một số doanh nghiệp sản xuất và sử dụng một loại vải. 3. Kệ kho trung tải chứa vải quy mô nhỏ Kệ trung tải mang ưu điểm tương tự như kệ Selective nhưng có tải trọng thấp hơn (tối đa là 900 kg/tầng). Thiết kế của chúng có sẵn mâm tole nên bạn có thể đặt trực tiếp vải lên kệ mà không phải dùng pallet. Kệ chứa vải này thường được sử dụng để lưu trữ các cuộn vải nhỏ, giúp tiết kiệm chi phí thay vì phải sử dụng kệ chứa hàng lớn. 4. Kệ thép V cho kho hàng nhỏ Đối với những kho hàng có quy mô nhỏ hơn, số lượng vải cần lưu trữ ít, có thể sử dụng kệ thép V. Tải trọng của chúng lên đến 150 kg/tầng, dễ dàng đáp ứng nhu cầu chứa hàng của doanh nghiệp. Ngoài ra, loại kệ chứa vải này dễ dàng tháo lắp và di chuyển, giúp bạn thay đổi kết cấu và vận chuyển chúng khi cần thiết. Đây là một trong những mẫu kệ kho phổ biến nhất trong các kho hàng dân dụng hiện nay. Ngoài sử dụng trong việc lưu trữ hàng hóa trong các kho hàng thì kệ còn được sử dụng với chức năng trưng bày hàng hóa. Lắp đặt kệ kho vải cần chú ý những vấn đề gì Trên đây là 4 loại kệ để vải tối ưu nhất cho không gian lưu trữ cho nhà kho sản xuất trong ngành may mặc. Mỗi loại kệ tùy theo không gian lưu trữ và kích thước thiết kế sẽ có cách tính giá khác nhau. Onetech dựa vào những thông tin bạn cung cấp như: mặt bằng kho, kích thước vải bạn lưu trữ, thông số pallet… để tìm phương án xây dựng tối ưu nhất cho kho hàng của bạn. Chúng tôi sẽ tiến hành tư vấn, lập bản vẽ và báo giá cụ thể. Chính vì nguyên nhân này nên các sản phẩm của Onetech không có giá niêm yết cụ thể. Tuy nhiên, để tạo điều kiện cho khách hàng dễ hình dung và ước tính chi phí đầu tư, chúng tôi cung cấp mẫu báo giá để các bạn có thể tham khảo. Báo giá tham khảo một số mẫu kệ dùng trong kho chứa vải Kệ kho Selective: 2.400.000 – 10.000.000 Kệ Double Deep: 2.900.000 – 12.000.000 Kệ kho Drive In: 2.400.000 – 11.000.000 Kệ v lỗ: 460.000-1.600.000
All about Vinyl Die Cut Stickers and Their Top Uses
Eager to use vinyl die cut sticker but unsure about its exact meaning and purpose? Well, a vinyl die cut sticker is a striking printed sticker that’s cut straight through vinyl and paper backing to fit the desired shape of your design. This makes die cut stickers a significantly versatile resource that looks fascinating and is useful for raising awareness for important causes. Get in touch with a top-rated washi tape supplier that provides eye-catching die cut vinyl stickers in lively hues and patterns. Stickers help to unleash our inner child and this makes them such a favorite accessory for us to use in many things. You can use a die cut sticker for various purposes due to its exceptional versatility. For brand exposure Sticker marketing is a very efficient modern strategy for increasing your brand’s exposure to maximum level. So, it’s a great idea to avail fun vinyl die cut stickers with attractive logos and symbols instead of sticking to plain old stickers. To create awareness for a cause Die cut stickers have an unmatched prominence and appeal that act as an excellent means of reminding people of the importance of whichever cause you’re fighting for. Die cut stickers have a greater utility value along with a striking visual display that makes them more useful than flyers for attracting attention of others to support your cause. As an event reminder Want to take up a creative approach to send out invites for a coming event or celebration? Die cut stickers are an awesome option in such a case. Instead of depending on their smartphones, your friends and relatives can put these vibrant stickers on their calendars to be reminded of that important upcoming event that they have to attend. As party favors Want to offer something innovative as party favors? Then, cost-effective vinyl die cut stickers with exquisite patterns, drawings or prints serve as a highly memorable and appealing gift to hand out to your guests. Visit a popular die cut sticker supplier online to buy color-popping die cut stickers in gloss and matte finish that have a vivid uniqueness in display along with remarkable value. Author Bio Jace Carter advises people about printing workshop and stationery products including custom sticker sheet, Washi tape custom printing, transparent sticker sheet or stickers die cut.
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.