by Jeanine Vecchio | Jan 5, 2022 | Uncategorized
Chinese authorities announced a lockdown due to positive COVID infections in Ningbo affecting the supply chain. The district of Beilun in Ningbo is on partial lockdown following the discovery of coronavirus cases on Saturday. A partial lockdown of Ningbo city in East...
by Jeanine Vecchio | Oct 28, 2021 | Resin Increase/Decrease
After more than a year of increases, prices for polyethylene and polypropylene resins are expected to trend downward. Market analysts Nick Vafiadis and Joel Morales of IHS Markit gave their outlooks for PE and PP markets Oct. 27 as part of the online Global Plastics...
by Jeanine Vecchio | Oct 28, 2021 | Supply Chain
In reaction to the ongoing historic container port congestion, the Biden Administration announced on October 25th that effective November 1, 2021, the ports of Los Angeles and Long Beach will begin charging an “emergency fee” on all long dwelling cargo. The fee will...
by Jeanine Vecchio | Oct 21, 2021 | Uncategorized
The port congestion at LA port has worsened and is currently at a record high of approximately 100 ships sitting at the horizon forming a line of vessels. On average there would typically be about 17 ships at anchor during pre-pandemic times, however, the recent rise...
by Jeanine Vecchio | Oct 20, 2021 | Supply Chain
A combination of Covid and bad luck has contributed to a complex mess that has no parallel in recent economic history. The bad news is that the world’s supply chain problems are more persistent and more severe than previously realized. The worse news is that there is...
