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How COVID-19 Impacted on Compostable Packaging in Materials and Packaging Industry ?



COVID-19 Impact on Compostable Packaging in Materials and Packaging Industry
The outbreak of the COVID-19 pandemic has impacted the overall packaging industry, including the compostable packaging market. The compostable packaging market is subjected to a positive and negative impact due to the sudden outbreak of the COVID-19 pandemic. Amidst the lockdown, the market has witnessed high volume growth and better earnings due to a rise in consumption of packaged food and increasing consumer preference towards the use of compostable packaging instead of plastic packaging. According to the survey conducted by compostable flexible packaging company TIPA, it has been revealed that the surge of COVID-19 has changed the consumer perception towards the use of plastic packaging. According to their survey, despite the pandemic, around 85% of consumers believe that compostable packaging should replace general food packaging, while around 58% are willing to pay more for the packaging.
Additionally, 67% of consumers have expressed concerns about increased plastic waste during the UK lockdown. This is expected to surge the demand for compostable packaging during and post-pandemic. However, the packaging industry experienced disruption in the supply chain due to the shut down of boundaries and strict lockdowns imposed by the government to control the spread of the virus.

AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVES TO BOOST THE GLOBAL Compostable Packaging market

The pandemic of COVID-19 created a demand for flexible packaging due to growing awareness about hygiene and safety. The packaging industry has low exposure to the COVID-19 pandemic. At the same time, some of the small players and players operating in other sectors such as cosmetics, agriculture were left more vulnerable than others. Post COVID-19 has stabilized the demand for packaging for food, beverages, and pharmaceutical industries. Moreover, the unlocking of the situation and opening boundaries by various nations have regulated the supply of raw materials. Various governments are taking initiatives to regulate the supply of packaging for food, beverages, and pharmaceutical products. Additionally, various governments are liberalizing the regulation in the packaging industry to smoothen and regulate the raw material supply for the industry. Therefore, in the post-covid period, the demand for compostable packaging will increase moderately due to its benefits, such as being lightweight, portable, easy to carry, coupled with consumer behavior continuing to follow safety regulations.

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

Compostable packaging is gaining popularity across various industrial sectors all over the globe. Since the lockdown of COVID-19, the packaging manufacturers are required to follow a series of mandates and procedures to battle the crisis and keep a healthy workspace environment. To combat the current situation and gain a competitive market share, the manufacturers are offering attractive packages. Various marketing strategies are being adopted by the market's key manufacturers, such as product innovation and new product development to sustain the competitive market and meet the changing consumer trends. Adopting such strategic marketing policies by various competitors will help them gain competitive market share after the COVID-19 pandemic.
For instances,
· In December 2020, KM Packaging launched a new range of compostable packaging products. The C-Range of bio-plastic packaging material includes shrink wrap, stretch wrap, adhesive tape, nets, and bags. This product launch will help the company to enhance its sustainable, flexible packaging product portfolio and help offer customers wide range of packaging choice
· In June 2021, the Indian Government’s Defence Research and Development Organisation (DRDO) has developed plant-based packaging as an alternative to single-use plastics. The development will help the Indian Government to achieve the goal of completely ending single use plastic by next year

IMPACT ON PRICE

The COVID-19 has impacted the global economy growth terribly. Many organizations remained shut while others scaled down their operations or put their expansion plans on hold as they survived the unpredictable crisis. The outbreak of the COVID-19 pandemic resulted in nationwide lockdowns, and various stringent regulations on border closing were imposed by the governments of nations across the globe, which resulted in the spike in the prices of compostable packaging. Import and export of raw materials were hampered due to the closing of the border of various nations. This resulted in an increase in the prices in countries that were dependent on the imports of packaging. At the same time, the price in the major packaging exporter countries had fallen owing to the larger production than the demand. However, the ease of lockdown and various initiatives by the Government to export and import packaging resulted in the subsequent price drop owing to its availability. The price impact on the compostable packaging market was relatively dependent on specific commodities.

IMPACT ON DEMAND

The COVID-19 has resulted in a surge of flexible packaging as they are considered more hygienic due to limited handling. During the COVID-19 pandemic, the demand for compostable packaging increased due to rising awareness amongst consumers to choose compostable packaging over plastic packaging. Growing awareness about the benefits of increased hygiene has surged compostable packaging in various industry sectors such as food, beverages, pharmaceuticals, and others. The pandemic outbreak has also resulted in compostable packaging among various regions due to rising environmental concerns caused by plastic packaging. Furthermore, the food, beverage, and pharmaceutical packaging business are demonstrating resilience in the current situation, while the companies involved in manufacturing packaging for sectors such as hospitality, cosmetics, and travel are witnessing a stagnant demand.

IMPACT ON SUPPLY CHAIN

The COVID-19 pandemic has highly disrupted the supply chain of raw materials used to manufacture compostable packaging. It was attributed to the lack of resources and transportation, which led to lower access, delayed stock, and supplies of raw materials products. Additionally, many governments restricted the movement of goods across the countries, and the entire supply chain was distorted. Due to the disrupted supply chain, transportation of raw materials has been interrupted, stalling production. Similarly, inflated prices and halt on production of compostable packaging have resulted in the unmet demand for compostable packaging in various end-users such as food, beverages, pharmaceutical, automotive, and other industries. Further, as there was a tremendous increase in demand for compostable packaging by pharmaceutical, food, and beverage sectors due to rising demand for convenience food and portable and handy hygiene products, the distribution had been significantly disrupted.

CONCLUSION

COVID- 19 pandemic has taken a toll on the population and economy. A collaborative effort on governments, public health departments, and hospital fraternity to fight the coronavirus has led to economic slowdowns, lockdowns, and extreme public safety measures. Due to the increasing health consciousness among the consumers, the demand for compostable packaging has constantly increased in the COVID–19 pandemic periods. It is likely to increase to avoid plastic packaging. This is mainly because of preventive measures the consumers follow for the COVID-19, which involves the intake of a healthy diet and consumer trend towards sustainable packaging. However, the supply chain has disrupted during the outbreak scenario because the demand was more for these products. Unlocking of lockdown and opening of boundaries across the world is expected to normalize the supply chain for the market, further attributing to the growth of the global compostable packaging market.
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How COVID-19 Impacted on Active, Smart & Intelligent Packaging in Chemicals & Materials Industry ?
Impact of COVID-19 on Active, Smart and Intelligent Packaging 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. Manufacturers mostly utilize active, smart, and intelligent packaging to preserve the nutritional content and freshness of their products. This worldwide trade is driven by sophisticated and improved transportation infrastructure that allows items to be moved from one location to another without damage. External factors, such as air and temperature, do not affect the real operation of active packaging, which is referred to as product packaging. However, the spread of COVID-19 is an unprecedented worldwide public health crisis that has impacted nearly every business, and its long-term consequences are expected to have an influence on industry growth throughout the projection period. COVID-19 has resulted in changes in consumer behaviour and demand, purchasing patterns, supply chain rerouting, current market dynamics, and substantial government engagement. Economic insecurity caused by the pandemic had also triggered the investors in both public and private sectors to reconsider the STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE The manufacturing sector of smart packaging materials was one of the most damaged sectors by COVID-19. The new Coronavirus developed in China, which is home to the vast majority of facilities supplying raw materials to various production units across the world. Several steps were taken to increase international cooperation among the countries to promote investments and also to improve the ease of doing business inside the nations. Also, various relief measures were provided for manufacturers in the packaging industry. New and existing projects were given a kick start by inviting technological innovations supported by the government. For instance, § Rapid industrialization and urbanization in India, China, and other Asian nations, together with the adoption of smart and energy-efficient technologies used for packaging purposes, have a favourable impact on active, smart and intelligent packaging market demand investment decisions in terms of taking up new construction-based projects. AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE GLOBAL ACTIVE, SMART AND INTELLIGENT PACKAGING MARKET The government had taken many steps to ensure the availability of raw materials by keeping track of the supply and demand of the intermediate goods for producing packaging materials. Alongside, the government of various countries is also taking action like providing subsidies for raw materials, supporting the domestic producers with short-term loans to assist SMEs (small and medium enterprises) and local manufacturers engaged in the production of smart and active packaging boxes, and cartons. For instance, The Government of India intends to construct green infrastructure for the e-commerce sector to balance environmental efficiency with energy conservation, fuelling the demand for smart and active packaging materials IMPACT ON DEMAND The major sectors of the packaging market are the food industry and e-commerce business, as a major part of the demand for packaging, boxes come from these units. The restaurant and hotel sector was one of the sectors that suffered the burden of COVID-19. The demand for restaurant foods was likewise sluggish, as people were mainly prioritizing the health requirements over any other requirements. Furthermore, the emergence of remote-based work facilities had reduced the need for office buildings along with its canteen foods and hence affecting the global active, smart and intelligent packaging market. IMPACT ON PRICE The worldwide active, smart, and intelligent packaging market is extremely fragmented, with several small and big competitors competing on price and quality. Due to the spread of the COVID-19 pandemic, the demand for packaging materials had seen a severe downfall since May 2020, resulting in the fluctuation of the prices of raw materials used for making smart boxes and containers. The rise in prices of basic materials caused by the pandemic, as well as a scarcity of stock with wholesalers, had posed a problem for many small and large-scale projects, affecting the global active, smart and intelligent packaging market. IMPACT ON SUPPLY CHAIN The global coronavirus pandemic had put the contemporary global supply chain to the test like never before. The pandemic had a genuinely global impact, causing many fractures in numerous supply chains like component suppliers, production locations, and in the last mile to the end-users. The production process came to a pause due to the shortage of laborers in almost all the manufacturing sites. Due to a ban on interstate travel, the supply chain also suffered as a result of the emigration of migrant workers. The shutdown of distribution and trade routes has affected the supply channel, resulting in the rise of the operating costs of raw materials. During that situation, all the manufacturers of road marking materials were facing issues with the timely availability of raw materials. 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. Active, smart, and intelligent packaging boxes are widely utilized in the food sector and e-commerce sector due to their numerous applications, varying from the packing of food and different goods in the container for transportation. The COVID-19 pandemic had caused substantial obstacles to global supply chains. Due to a dip in restaurant activities, the demand for packaging materials had faced a sharp decline in many regions. Repeated nationwide curfews and shutdowns continue to hamper or even halt the movement of raw materials and completed goods, causing manufacturers to suffer. Manufacturing and distribution issues were likely the most visible disturbances to all types of chemical markets. However, the government of various countries had opted for various policies to strengthen international partnerships, diversification of suppliers, and innovation for reducing the need for certain resources, and circular economy techniques to boost economic activities of the entire world.
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Significant Impact of COVID-19 on Bulk Material Handling System in Semiconductors & Electronics Industry
COVID-19 Impact on Bulk Material Handling System in Semiconductors and Electronics Industry The lockdown situation during the COVID-19 pandemic has highly impacted the global economy. Most of the governments from different countries imposed a lockdown to break the chain of coronavirus spread. All companies related to various industries have been shut down except a few dealing with COVID-19 operations such as pharmaceutical, essential goods and services and the food industry. As a result of the COVID-19 crisis, many bulk material handling companies throughout the world have had to either temporarily close or reduce their workforces to prevent the spread of the virus. Through worldwide shortages of goods, it soon was apparent how important the world’s manufacturing and warehouse productivity is to the economy. In the bulk material handling system market, the business impact eventually proved to be less severe than first anticipated once lockdowns and restrictions were lifted. Nevertheless, the limited access to customers’ sites affected both capital and aftermarket sales of suppliers throughout the year. The COVID-19 pandemic highlighted that automation is needed for supply chains to increase efficiency. During the recent period, very few percent of supply chains felt fully prepared for the coronavirus impact. However, the bulk material handling industry can develop this situation with innovation, automation and perseverance. AFTERMATH OF GLOBAL BULK MATERIAL HANDLING SYSTEM MARKET COVID-19 pandemic affected a wide range of industries, from small to large manufacturing companies. It hampered the worldwide demand for solutions in the bulk material handling system market up to a certain extent. Limited workforce and operational restrictions negatively affected the product development life cycle. But at later stages, when lockdown restrictions were lifted, demand got stable up to a certain point. The companies developed different strategies and technologies specific to tackle problems that occurred because of the COVID-19 pandemic. For instance, · Daifuku Co., Ltd., a material handling company, stated some measures and strategies to overcome the challenges faced during the COVID-19 pandemic in their annual report 2020. To prevent the spread of COVID-19 and maintain distance from one another required a new approach to service activities for systems post-delivery. Accordingly, they are working hard to use the Internet of Things (IoT), artificial intelligence (AI) and information and communications technology (ICT) to establish material handling systems that never stop or that will be able to recover immediately even if blocked. They will continue to support stable operations of customer facilities by introducing new technologies and services, including remote operation, while ensuring the lives, safety and health of employees and their families. Likewise, many companies have started introducing new technologies and methodologies in the COVID-19 situation to remain better positioned in the market. Losses during this period can be overcome in the future by taking this slowdown to redesign and refresh the business processes and logistics operations. OPPORTUNITIES FOR THE MARKET IN COVID-19 SITUATION Market players have an opportunity to upgrade their operations and prospective for the betterment of their companies. Automation is the key to success in this unpredictable world. Different crises, labour shortages, natural disasters impact a lot on every industry. So being one step ahead of time and understanding the market well will ensure the success of the market player. In this COVID-19 pandemic, many companies adopted process automation and customization as an opportunity to survive and grow. Some of the instances are mentioned below: § Automation to overcome labor shortage: Though recent events have worsened the labor gap, the labor shortage is not new for many industries, as more workers retire and skills requirements increase. Automation offers solutions to some of these problems. Automated Process Equipment Corporation provides solutions and services for bulk material handling companies to overcome labor shortages during this pandemic situation. Super sack handling, accurate measuring, automatic routing, easily reprogrammable controls and electronic record keeping are solutions that will improve automation and reduce the dependency on the massive number of laborers. § Customized Solutions for Booming Market: KWS Manufacturing Company Ltd. partnered up with Coperion K-Tron to provide the solution for the world’s most significant high-density polyethylene and polypropylene suppliers, which is used in consumer and industrial goods ranging from plastic bags and bottles to N95 medical masks and face shields. Due to the increased demand for polyethylene and polypropylene, expanding the client’s extrusion line required new loss-in-weight additive feeders and a mixing screw conveyor. KWS and Coperion K-Tron sales and engineering teams collaborated to ensure the extrusion line expansion would be successful. IMPACT ON SUPPLY AND DEMAND COVID-19 has disrupted the supply chain on a global scale. International trade restrictions and customs regulations resulted in longer wait times and a lack of capacity for long-haul deliverables. During this pandemic, the demand for bulk material handling solutions decreased because of the limited access to customers’ sites. This affected both capital and aftermarket sales throughout the year. Most of the companies faced challenges in managing on-time project completion and order deliveries. However, many companies took this to redesign their operation and logistic models with digital capabilities to increase operational efficiency and effectiveness in such a period. For instance, · ThyssenKrupp AG Company adopted the digitization of their business processes and supply chains in 2019-2020. Their focus was on the introduction of automation solutions which included the new mobile app “Paperless”. This app allowed digitizing day-to-day processes in warehouses such as bookings, preparation of work schedules and material identification. It also created the conditions for using other automation solutions, such as driverless transportation systems, to be used in a new state-of-the-art logistics center for ThyssenKrupp Schulte. Such positive changes and automation in the supply chain will enable the companies to emerge stronger and supply chains that are more resilient to future disruptions. CONCLUSION The global bulk material handling system market suffered losses during the recent period because of COVID-19’s negative impact on global demand and supply chains. Yearly sales for the market-related products got hampered due to limited access to customer’s sites. But relaxation in lockdown regulations after few months helped the market to somewhat come back on track. However, many companies started building new technologies to overcome supply chain problems in pandemic situations. They adopted digitization and automation in day-to-day business processes and supply chains. Although it will take some more time for companies to come back on track, this period made everyone realize the need for up-gradation in many business aspects.
Significant Impact of COVID-19 on Eco-Friendly Packaging | Materials & Packaging Industry
COVID-19 Impact on Eco-Friendly Packaging in Materials and Packaging Industry INTRODUCTION Eco-friendly packaging is a kind of environmentally-friendly packaging usually composed of recycled or renewable materials considered sustainable for both individuals and the environment. It is also known as sustainable packaging or green packaging. Eco-friendly packaging can help decrease carbon emissions and create notably limited waste, thereby playing an important role in keeping the planet healthy. There are plenty of alternative packaging solutions that are biodegradable and recyclable such as paper, cardboard, corn starch, bagasse paper, and others. Moreover, some plastics and metals can be recycled, such as PET bottles, milk jugs, shampoo bottles, ice cream tubs, takeaway tubs, plastic utensils, plastic bags, and steel cans. Although, the coronavirus pandemic has introduced different challenges for the economy and businesses across the globe. Lockdowns have strongly impacted the industrial transform processes that have existed for a long time. Impact on demand and decreased investment have caused major disruptions in supply chains and trading patterns in the global eco-friendly packaging market. COVID-19 is a respiratory disease, and there is no indication that food itself is a vector of its transmission. However, coronavirus, and measures to control its spread, have had profound implications for packaging, such as food security, nutrition, and food systems. This chaos in supply chains affected mainly packaging food availability in some cases, especially where proper packaging could not reach markets, putting pressure on prices on some scarce goods. UPCOMING FUTURE OF GLOBAL ECO-FRIENDLY PACKAGING MARKET After the COVID-19, the eco-friendly packaging market will increase in upcoming years because eco-friendly packaging development is a global objective that aims to address the societal challenge of climate action, the environment, resource efficiency, and raw materials. In this sense, an essential strategy is the promotion of green packaging, that is, the use of sustainable materials and designs for the packaging of goods. Moreover, the influence of eco-friendly packaging on the industry and purchasers, including the design and materials used in sustainable packaging, its costs, marketing strategies, and corporate social engagement related to green packaging, drives the market. The impact of eco-friendly packaging in waste management, logistics, and supply chain management also contributes to driving the global eco-friendly packaging market. STRATEGIC DECISIONS FOR GLOBAL ECO-FRIENDLY PACKAGING MARKET AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE The COVID-19 pandemic has disrupted the world economy but governments, have tried to address and mitigate the challenges of COVID-19 and recover from the economic and social crises. These include eco-friendly recovery measures in their policy packages to address the pandemic's short- and medium-term socio-economic impacts. Few measures were not targeted at green sectors or activities. Nevertheless, they are likely to impact the environmental outcomes positively or negatively. Governments across the globe realize the importance and advantages of eco-friendly packaging. It is considered an opportunity to undertake an extensive and fundamental restructuring of critical sectors and activities to support the transition to low-emission, climate-resilient, and resource-efficient economies in socially inclusive ways. There are several actions taken by governments of some nations, such as the Paris Agreement for sustainable development goals and other international environmental agreements, such as the Aichi biodiversity goal, which will improve the well-being of communities and societies over the near future. On the other hand, the government and eco-friendly packaging industries work together to boost the global eco-friendly packaging market. In Canada, Botanical Paperwork is an example of a company that offers a variety of plan table seed paper goods, including many sustainable, eco-friendly packaging options, that can develop into wildflowers, herbs, and vegetables. Moreover, an eco-friendly California marketing company specializes in customized products that include plantable business cards that come flat or folded with a selection of bulbs. This company’s products are made without harmful chemicals out of a hundred percent recycled materials and printed with vegetable-based inks. IMPACT ON PRICE During coronavirus, the industry has caused a huge shutdown, and sustainable industry stopped their manufacturing products, which negatively impacted the eco-friendly packaging market. Due to this, the shortage has driven prices too high. Millions of people worldwide were infected with COVID-19 disease. Except for the medical supplies and life support products, most industries have been greatly impacted, and the eco-friendly packaging market is no exception to it. There was an increased consumption in health care industries, medical equipment, and hygiene products to protect from the virus. In which eco-friendly packaging had a crucial role to play by packaging these commodities. This has impacted the price significantly. IMPACT ON DEMAND The spread of coronavirus has caused a vast shortage of eco-friendly packaging and, due to shut down in many factories, workers were going back home. The pandemic crisis has already led to some of the sharpest declines in demand for certain types of packaging. At the same time, it accelerated growth for others—such as packaging for e-commerce shipments that are emerging as lifelines in this new world. Such changes are presenting majority packaging companies with a new set of challenges. According to the plastic recycling expert Vanden Recycling UK MD David Wilson, there has been a partial shift in public attitude towards plastic during the pandemic. The world is seeing ongoing demand for plastic packaging and increased use in some areas. That is going hand-in-hand with the ability to recycle packaging and the inclusion of recycled content. There has been no reduction in demand for PET and HDPE for use in plastic bottles, and other polymers are also in demand for other plastic packing applications. Therefore, the need for eco-friendly packages is likely to increase undoubtedly. However, it will continue to face stiff competition from substitute packaging materials. IMPACT ON SUPPLY CHAIN The COVID-19 has adversely affected the supply chain of inputs for many businesses, with lockdown policies affecting the movement of people and business operations such as transportation of goods and others. Since most countries restricted borders due to COVID-19, the volume of exports and imports has reduced and, retailers have found it challenging to deliver their products. On the other hand, the important relationship between packaging and logistics has been observed during the pandemic, and a new idea emerged called ‘Sustainable Packaging Logistics’ (SPL). SPL represents a link between green packaging and green transportation. Because both are eco-friendly, one green transportation comprises those modes of transportation that do not depend on diminishing natural resources like fossil fuels. These transportation modes rely on renewable energy sources. Another one is green packaging uses materials and manufacturing techniques to diminish energy use and reduce the harmful impacts of packaging on the environment. CONCLUSION Eco-friendly packaging, also known as green or sustainable packaging, is an emerging area of interest for scholars, researchers, and practitioners worldwide. It has also been observed that the enthusiasm to acquire eco-friendly packaged products of a significant number of buyers is also reliant on value. Moreover, from the business perspective, it has been witnessed that organizations are being forced to adapt green packaging initiatives due to the societal pressure derived from environmental concerns or customers. Thus, during coronavirus, the government took a highly significant and diplomatic decision by which the situation is expected to improve over the coming years economically. Also, it has created favorable conditions for business activities and, at the same time, has increased the level of preparedness for the crisis in the future.
Impact of COVID-19 on Mini Cranes Market in Semiconductors & Electronics Industry
COVID-19 Impact on Mini Cranes Market in Semiconductors and Electronics Industry ANALYSIS ON IMPACT OF COVID-19 ON MINI CRANES MARKET The COVID-19 pandemic has influenced the whole planet with its significant impacts on the economy and businesses across the globe. The COVID-19 spread worldwide in unprecedented ways due to its high infectious and contagious nature and lack of availability of its vaccine. As a result, the most significant medical challenge in the 21st century is yet to be faced by physicians worldwide. Though the emergence of the virus can be traced back to Asia, many European countries and the U.S. have been struck massively by the pandemic. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East and Africa up to South America. The COVID-19 has been declared a pandemic by World Health Organization (WHO) due to its increased spread across the globe. After the declaration of the pandemic, various countries announced the complete lockdown, such as India, China and other Asian countries, to decrease its spread. The economies have been affected adversely as most of the trade and economic activities came to a halt. The unemployment rate has grown due to the impact and the global GDP fell by -3.5%. According to the situation report of 7th June 2021 by World Health Organization (WHO) stated 174 million cases of corona had been reported globally and 3.7 million patients are dead due to the coronavirus. On a slightly positive note, 157 million people have recovered and a total of 1.9 million vaccine doses have been administered as well. A crane is a machine used to lift and move heavy loads, machines, materials and goods for various purposes. They are used in all different industry sectors, from construction to manufacturing to shipbuilding and material loading. Cranes are common along skylines as they are necessary to build the skyscrapers we so often see in our cities. Mini cranes are relatively small cranes that can move through passages and can be used indoors. Some are also battery-powered and are remote-controlled. These are used indoors for lighter weights of around one tonne. The mini cranes can range from a straightforward lever pulley system to be mounted to a full-fledged machine with a motor and retractable boom for extended reach and mobility. Some mini-cane manufacturers are Hoeflon International B.V., Jekko s.r.l. and MAEDA SEISAKUSHO CO.,LTD. among others IMPACT ON DEMAND AND SUPPLY The mini crane companies have been affected severely as the demand for new cranes has gone down as the construction work has been halted in the pandemic due to the lockdown imposed by most countries. The companies also supply cranes on a rental basis which has seen a decline, but some crane rental services could secure essential services categories based on the clients. As seen from the graph below, the used cranes sold in 2020 saw a decline, but the decline was not steep as the cranes are used, which states that the demand for cranes rose in the last quarter of the year but due to the lack of availability of new cranes and cost cuttings companies turned to used cranes. This demand is driven by a lack of new crane availability and price increases due to higher raw material costs and supply chain delays. For instance, · In September 2020, Kate Lampson, director of PR and communications at Lampson International, stated that due to the type of customers they have and the industries that we service, Lampson International was deemed an essential business initially of the pandemic. Since then, they have been able to remain open and run the business as usual. In terms of upcoming projects, most current and future projects have stayed on schedule, with only a couple seeing delays. IMPACT ON PRICE With used crane sellers experiencing high demand, the supply can be an issue. At Bigge, they have also seen an increase in the price of used cranes. Kraaijeveld finds that there is currently an oversupply of used cranes in the Middle East, especially crawlers, due to delays and cancellations of oil and gas projects and a lower number of infrastructure projects. Prices dropped in June 2020 but rebounded in March 2021. The pricing of used equipment is up 7.8% and is predicted to climb past pre-pandemic levels, as stated by Ganzell. The internet has transformed the crane auctions market, with online sales growth for years. Ritchie Bros. said that before 2020, 70% of its global auction sales were already taking place online and only 30% were onsite in its auction theatres. But the pandemic has accelerated the transition. STRATEGIC INITIATIVES TAKEN BY MANUFACTURERS The COVID-19 has hit the infrastructure industry and halted all the work abruptly in which the rental and new crane demand saw a steep decline at the start of the pandemic. This meant that the rental cranes have to be returned and new purchases were halted. The rental cranes had to be replaced and set up again if and when the work resumed to reduce costs. The government provided support in the form of investment in infrastructure and some service providers also received the essential services category, so they were able to continue the work. For instance, · The mobile crane market in Australia and New Zealand performed well in 2020, despite the direct and indirect effects of the pandemic. In the case of Australia, the government has played a vital role in Sotiris Kanaris's reports. Apart from the effectiveness of its policies that allowed the economy to restart reasonably quickly, the Australian government's investments in infrastructure also had a positive effect on the crane market. Through the strategy, the government says that approximately USD 1.50 billion in new funding will be invested over the next four years to make Australian manufacturers more competitive, resilient and able to scale up to take on the world. · Abu Dhabi, UAE-headquartered NFT specializes in the sale and hire of tower cranes. In September 2020, Nagham Al Zahlawi, deputy general manager at NFT, said: "The COVID-19 has delayed a lot of projects, has put some significant tenders on hold and most importantly has delayed payments from clients. From April to May, 90% of our clients have either stopped paying or requested to re-negotiate rates agreed upon and signed before the pandemic hit or have asked us to remove the months where there was a lockdown. CONCLUSION The pandemic has taken a toll on every aspect of life, including the global economy. With the significant downfalls in many sectors, a collaborative effort of government, industry players and consumers can win the fight against COVID-19. The mini cranes market, majorly driven by the infrastructure projects, was impacted at the pandemic's start due to the lockdown imposed. Some rental crane service providers having the essential services category were able to survive the situation. As seen from the instance, various governments all over the globe are helping the market by investing in infrastructure. The demand for the mini cranes market is steadily rising as the projects are resumed and should stabilize soon.
How Impacted COVID-19 on U.S. Shale Gas in Chemical Industry ?
Impact of COVID-19 on U.S. Shale Gas in Chemical Industry INTRODUCTION Shale gas and shale oil are defined as natural gas & oil from shale formations. Shale is a type of sedimentary rock that is made up of very small clay particles and is highly porous in nature. It is formed in deep ocean water, lagoons, wetlands, and swamps where the water is still enough for extremely fine clay and silt particles to settle to the bottom. Since shale is a porous formation, it serves as both a source and a reservoir for unconventional hydrocarbons. The extraction of oil and gas from a shale formation involves mechanical stimulation. One such technique for stimulation is hydraulic fracturing or fracking. In the fracking process, cracks in and below the Earth's surface are opened and widened by injecting water, chemicals, and sand at high pressure. The combination of horizontal drilling and hydraulic fracking has made it possible to access vast quantities of shale gas that were previously uneconomical to generate. Natural gas output from shale deposits has given the United States natural gas industry a new lease on life. The demand for safe access to energy sources is growing globally. Shale oil and gas have played an important role in meeting global energy demand during the energy revolution and are expected to continue to do so for decades as society transitions to lower-carbon energy sources. The rapid growth of shale oil and gas contributes to increased supply stability and lower commodity prices. According to the United States Energy Information Administration (EIA), in the year 2011, the country’s estimated available natural gas resources totaled 2,552 trillion cubic feet (Tcf). Natural gas from shale deposits, which was once considered to be uneconomical, accounted for 827 Tcf of this resource total. In the year 2020, U.S. dry shale gas production was about 26 trillion cubic feet (Tcf), and equal to about 78% of total U.S. dry natural gas production. IMPACT OF COVID-19 ON U.S. SHALE INDUSTRY Shale oil and gas exploration have, in particular, given the US oil and gas industry new dimensions of development. It has also fueled significant investment in associated infrastructure for gathering, storing, and delivering hydrocarbons to both domestic and foreign markets. In less than a decade, the US shale industry turned the global energy landscape upside down and re-established the US as the global energy leader. The onset of a global pandemic and subsequent drop in oil prices, on the other hand, has taken the momentum out of the shale boom. Due to a sudden drop in demand, the shale industry has immediately self-corrected. Many oil and gas players succumbed to the economic shock resulted from the CoVID-19 and filed for bankruptcy. Chesapeake Energy, a shale leader and once second-largest gas producer in the United States, filed for Chapter 11 bankruptcy protection in late June. According to the United States Energy Information Administration (EIA), the crude-oil output from seven major shale formations in the United states fell by around 56,000 barrels per day (BPD) in August 2020 to just under 7.5 million BPD, which would be the lowest level in two years. The shale industry is closely looped in with the oil and gas industry. The recent downfall of the oil and gas industry during the pandemic has had a severe impact on shale output. Post pandemic, the shale industry peaked, but the industry as a whole lost money. Since 2010, the US shale industry has produced USD 300 billion in net negative free cash flows, damaged more than USD 450 billion in invested capital, and seen more than 190 bankruptcies. With the advent of the coronavirus, the future for shale producers has become even bleaker, with a new bankruptcy filing occurring every week or so in the last few months. The pandemic's effects will be felt far beyond the US shale industry. Despite accounting for less than 10% of global oil and gas output, US shale oil extraction activity accounts for 40% of global shale oil extraction activity and accounts for nearly 100% of the growth in US midstream and export-oriented refining and petrochemical sectors over the last decade. STRATEGIC INITIATIVES DURING COVID-19 · Organization of the Petroleum Exporting Countries (OPEC) agreed on a continuation of March production levels for the month of April, with the exception of Russia and Kazakhstan, which will be authorized to increase production by 130,000 and 20,000 barrels per day, respectively, at their most recent meeting · Saudi Arabia has also agreed to extend its one-million-barrel-per-day voluntary cut for the month of April. · Companies such as Chevron, Shell, Schlumberger, and others have taken initiatives to safeguard their workforce in the ongoing pandemic situation. CONCLUSION On Conclusion, the pandemic has placed the shale industry in a delicate spot as major players are forced to cut down the output. The potential energy landscape in the United States and around the world is highly complex, and its drivers are interconnected. In the not-too-distant future, a wave of consolidation in the US shale industry could be triggered by the poor financial position of many firms and the weak economic outlook. The continuous demand for a ban on fracking, coupled with the effect of COVID, has cracked the shale industry severely. Although, the historic evidence indicates that the shale producers operate more economically. In comparison to 2019, producers in the Permian Basin are saving roughly 20% on good costs.
How to Make Money Online CHATTING To Others_ $400 a Week
Hey guys, in today's video, I want to share with you how you can earn over $400 A week by simply chatting to others online. Do you speak English fluently? If so, that's great because it means that the service that I'm about to share with you can pay you $10.20 per hour or with a slight twist, you might also be able to get paid $12 per hour of your time. And that is simply to sit like this in front of a computer and to have conversations with others over the internet online. And this service is Cambly. With Cambly, you can become an online English tutor. And you don't even need to have any teaching degree or any teaching experience. As you can see, the Kembla website says you can tutor with Cambly and get paid to chat with people from around the world. It is very simple and easy. If you guys want to get started right now just click the link in the description below to go over to the Cambly website and get started. But in this video, I'm going to show you some tips and tricks to maximize your earnings as well as to help you successfully get accepted to tutor English with Cambly. First of all, just want to reiterate once again that with Cambly, you actually don't need a teaching certificate, you do not need a bachelor's degree, and you do not need any prior teaching experience to get accepted into Cambly. You really only have two requirements. And the first one is that you need to have a strong fast internet connection. And the second requirement is that you need to be a native or fluent English speaker. So if you're born, or if you reside in countries such as the UK, USA, Australia, New Zealand, Ireland, South Africa, et cetera, other countries that where English is the native language, then you're eligible to apply to be a tutor on Cambly. Also, if you live in another country, for example, if you live in India, in Bangladesh, or in Germany, or in Russia, but you have a completely fluent command of the English language, and you speak with perfect grammar, then you're also eligible to apply you don't actually need to reside in the English speaking countries, you can leave outside of those English speaking countries, you can still apply and if your English is good, you are eligible to be a tutor on Cambly. Just a little bit about how Cambly operates. Cambly is a global company, they're a leader in providing people who need help with studying English, anyone who wants to learn English can go to cambly.com. And they can get practice in speaking English to the tutors. And the people who need this help are located in all the different countries throughout the world. So for example, if you are in Russia, you can go on to cambly.com. And you can find an English tutor. So it's someone with whom you can practice English as you're learning English. Alright, so you can see English immersion from anywhere building English proficiency and confidence to real conversations with friendly tutors from the US, UK, Australia, and more. Okay, so Cambly caters to these people who want to learn English. And you can become one of these tutors who are talking to these people. So there are two sides to Cambly you know that there are people who are clients who want to learn English using Cambly services and the right tutors. So where you come in where you can make money is by becoming a tutor with Cambly. And that means that you will be helping those people who want to learn English, you will be helping them by chatting to them in English, you don't need to do anything complicated, there is no actual preparation that's required, you're not going to be teaching them, you're just going to be having a conversation with them like this online over the Cambly app and helping them get to practice so that they can build their speaking skills and build up their English conversation skills. With Cambly. Click Here To See More
What Is The Role Of Organic Vape Cartridges In The Marketing Of The Brand?
Respirator cartridges are filled with activated carbon. Activated carbon is made with coal and renewable resources like coconut shells etc., and several chemicals are served in the cartridge, such as nicotine, flavourings and many other chemicals. According to the theory, the claim that these are nicotine-free is not right; they contain trace nicotine. The top part is called the cartridge that contains flavour, and the bottom part is a battery. 3M makes the organic vape cartridge respirators, which helps to reduce exposure. Organic vape cartridges are getting used by a large number of people. Some people like these organic vapes cartridges, and some people don't. Organic Vape Cartridge Packaging The organic vape is defined above as well. The packaging of the organic vape is not something special, and it is the same as the other packaging. The organic cartridge is just another type. Every packaging is made with excellent packaging materials. There are mainly two kinds of cartridge packaging which the brand primarily uses, the first one is 510 threadings cylindrical cartridge packaging, and the other one is vape pen packaging. 510 vape cartridge packaging keeps the product stable because the packaging is designed in such a way that it can fix the product in it. Vape Gadget Nowadays, the vape cartridge has become a viral trend as a new gadget used as cigarettes. The vape is a rare simple gadget that is also called an electronic cigarette. These are used as e-juice or e-liquid used in it. This transforms the liquid into vapours for an easy inhalation process. These kinds of gadgets are desirable for any age group because they think of them as excellent products. The health issues faced by the people who use these vape cartridges are breathing difficulties, dizziness, dry mouth and weight loss etc. The vape may look fantastic, but it is a health hazard. Vape Cartridge Packaging With Excellent Material Quality The vape cartridge packaging needs the perfect quality because of the product's popularity. 510 vape cartridge packaging doesn't need a big and large packaging, this is just different, but the size is the same as others. People who don't know about the 510 vape cartridge may think it is a different vape, but it is not. The packaging of the 510 vape cartridge needs to be of good quality because it also requires protection, as other values do. Packaging makes the mind of the people if the product is right for them or not. So, the packaging material quality and design make a difference for the buyers. Vape With Nicotine Pe, people who use vaping know that what kind of vape is more harmful or not? The vape with nicotine is harmful because it contains dangerous chemicals which are detrimental to health. The people who use nicotine vape do become dependent on it and can't live without it, and even if they try to leave it, they will feel dizzy, unconscious, have a sore throat and may get diarrhoea. The people who use vape without nicotine don't get dependent on them quickly. The use of vaping with nicotine is truly hazardous for human health. According to the theory, it is one of the higher risks of vaping with nicotine. How Does The Cartridge Affect The Atmosphere? The smoke leaves a terrible impact on the atmosphere. The atmosphere is getting ruined day by day because of harmful particles, such as noise pollution, smoke, and many more. The vape doesn't contain only nicotine, but it also includes other chemicals like carboxyl compounds. Numerous people use this kind of smoke to deal with their problems, they try to find peace in these products, but these vapes can't reduce their anxiety and stress. Although, more use of the vape is injurious to health and also increases pollution. People not only damage their health but also ruin the atmosphere. How To Increase The Marketing Rate Of The Product And Brand? The vape cartridge packaging helps to grow the brand's customer churn rate. The packaging of the vape is like a rope to reach the target. The vape cartridge packaging makes the customers satisfied or disappointed. The packaging of vape cartridges should be good enough to attract people, increasing the marketing rate of the brand. The customer gives feedback about the product or brand, and we should try our best to provide the best product and packaging for good feedback. Because of the competition, it is hard to increase the marketing rate, but also it is not impossible. Which Material Of Packaging Can Be Helpful For Good Sales? There are hundreds of types of packaging for vape packaging. But we have to be careful while choosing the material because the vape is made of a very light material that makes it sensitive and needs complete protection. Moreover, the packaging needs to be strong, so the packaging material matters a lot. The best material for the vape cartridge packaging is corrugated boxes because they are strong and lightweight. They have three protection layers, and they are recyclable. Corrugated boxes can be designed as per the requirement, and they can be printed easily in unique styles. Why Do The Brands Try To Get Into The Competition? The competition between the brands of the same product tries to beat each other. But this competition is not made by the brands, and it gets created by itself. In that case, if some brand is increasing its sales, the other brand tries to sell more than that brand, which is how the competition gets started. https://www.youtube.com/watch?v=fC6GiU2Z5IM People buy the product and recommend that to others and tell them from where they get it, and because of this, that brand sells more products. They fly high in the market and try to say that their products are getting more sales than them. The vape cartridge packaging is also a part of the brand's popularity because it represents their brand and is a reason for their high sales. Hopefully, you have found something helpful in this article-did you?