Economic industries – Hotel Oliebol http://hoteloliebol.com/ Wed, 23 Nov 2022 00:33:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://hoteloliebol.com/wp-content/uploads/2021/10/icon-1-120x120.png Economic industries – Hotel Oliebol http://hoteloliebol.com/ 32 32 Euroseas equities (ESEA): sell in a context of excessive cyclical exposure https://hoteloliebol.com/euroseas-equities-esea-sell-in-a-context-of-excessive-cyclical-exposure/ Wed, 23 Nov 2022 00:33:00 +0000 https://hoteloliebol.com/euroseas-equities-esea-sell-in-a-context-of-excessive-cyclical-exposure/ Volodimyr Trofimov/iStock Editorial via Getty Images Factoring cyclicality into one’s investment decision-making process is of the utmost importance. The financial literature has proven that most buy-and-hold portfolios underperform successfully rebalanced portfolios unless investors bet on countercyclical assets, which Euroseas (NASDAQ:ESEA) probably isn’t. Thus, we analyzed the outlook for the stock from a medium-term cycle perspective […]]]>

Volodimyr Trofimov/iStock Editorial via Getty Images

Factoring cyclicality into one’s investment decision-making process is of the utmost importance. The financial literature has proven that most buy-and-hold portfolios underperform successfully rebalanced portfolios unless investors bet on countercyclical assets, which Euroseas (NASDAQ:ESEA) probably isn’t. Thus, we analyzed the outlook for the stock from a medium-term cycle perspective and the dominance found in a bearish case. Therefore, we are downgrading Euroseas to a sell with a 6 month time horizon.

Here are some variables to consider.

Revenue Review

To begin the analysis, let’s review some positives and negatives unveiled in the Euroseas third quarter results report.

Operational analysis

In the third quarter, Euroseas Ltd. achieved 99.4% year-over-year revenue growth, which certainly cannot be overlooked. In its most recent fiscal quarter and nine months, the company enjoyed above-average shipping rates. Port congestion and artificial economic demand stimulated by stimulus checks and expansionary monetary policy. Furthermore, Euroseas operates in an industry with high barriers to entry, which has allowed it to take full advantage of systemic tailwinds.

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Euromers; Looking for Alpha

Although the Euroseas fleet grew by 3.4% over the past year, most of its prime support was due to the mentioned macroeconomic tailwinds, which no longer exist. However, let’s expand on the company’s recent operational details.

Since the start of the year, Euroseas has increased its overall utilization rate to 99.5% from 98.5%. Additionally, the company increased its quarterly vessel average from 14 to 16.8, allowing for better overall production capacity.

Despite improving revenue, the company’s costs have risen significantly since January, pushing its break-even point up about 35% in the past nine months. Additionally, Euroseas free cash flow is on a downward trajectory largely due to lower operating cash flow, primarily due to lower CapEx.

Chart
Data by YCharts

Cyclical risk

A common mistake we all make/have made as market participants is that we tend to look at financial markets in arrears, in turn ignoring cyclicality. The economy is a cyclical vehicle with peaks, troughs and troughs related to economic policies and natural consumption. Thus, it is necessary to consider that Euroseas revenue growth of 99.4% year-on-year may soon drop.

Euroseas dry bulk activities span the entire commodity space, which can be juxtaposed. There is a marked slowdown in demand for industrial metals; however, the demand for coal has increased sharply in recent months due to power shortages in many parts of the world.

Given the IMF’s survey of global economic health, it is likely that we are heading for a period of slowdown in industrial production, subsequently affecting shipping activity.

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IMF

The second mistake we make as investors is to assume that the stocks of the underlying companies will reach their fair value. Although the underlying activities of a company and the stock price are correlated, sometimes they are somewhat adrift.

Investor psychology plays an important role in determining the price of a stock. For example, during times of economic uncertainty, investors typically opt for countercyclical assets, which the Euroseas is unlikely to be due to its excessive exposure to cyclical industries in manufacturing and basic materials.

Despite my doubts about the cyclicality and the excessive standard deviation of Euroseas (compared to the market), the title harbors a low beta. Therefore, a valid beta analysis could completely derail my argument, something investors need to consider.

Chart
Data by YCharts

Valuation and Dividend Profile

From a relative valuation point, you might think there is no reason not to invest in Euroseas stocks. While I agree that stock valuation multiples could boost investment, I doubt their sustainability. First, a stock’s price multiples are not static and can fluctuate with cyclicality. In addition, there is no guarantee that the market will value a stock at its fair value.

Price/earnings ratio 1.41x
Price to book 0.91x
Price/cash flow ratio 1.15x

Source: Alpha Research

In addition, Euroseas pays an attractive dividend, yielding 5.13%. In addition, the dividend has a strong dividend coverage ratio of 8.21x, and the company hosts a cash-to-share ratio of 3.82x, indicating that the Euroseas dividend is both lucrative and safe. Additionally, the current market climate appears to be conducive to high dividend yielding stocks, providing essential tailwind.

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Looking for Alpha

Nevertheless, I return to my argument of cyclicality by pointing to the oscillation of the net result, the dividend yield and the operating cash flow of Euroseas. I want investors to make up their own minds, but I’m betting on a cyclical downturn, which could be valued by financial markets in due course.

Chart
Data by YCharts

Final Thoughts

Euroseas is a brilliant company, but financial markets may view this stock as a cyclical risk until global economic variables realign. Evidence suggests that buy and hold portfolios underperform managed portfolios and price entry points are of utmost importance. Despite Euroseas’ strong third quarter, lucrative dividend yield and attractive valuation metrics, we believe cyclicality will prevail. Thus, we assign a sell rating to the stock with a six-month horizon.

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Veterans escape economic uncertainty by starting their own business https://hoteloliebol.com/veterans-escape-economic-uncertainty-by-starting-their-own-business/ Thu, 17 Nov 2022 17:30:31 +0000 https://hoteloliebol.com/veterans-escape-economic-uncertainty-by-starting-their-own-business/ Inflation, a chaotic stock market and rising reports of layoffs could have some service members worried about their short-term economic future. Those still in the military but considering transitioning soon might consider starting their own business to weather the financial storm. Many Americans, veterans and non-veterans, have done so in the past year. According to […]]]>

Inflation, a chaotic stock market and rising reports of layoffs could have some service members worried about their short-term economic future. Those still in the military but considering transitioning soon might consider starting their own business to weather the financial storm.

Many Americans, veterans and non-veterans, have done so in the past year. According to Gusto, the payroll management company, 5.4 million new businesses were created in the United States in 2021, the highest recorded since the census began collecting statistics on business creation in 2012. Leading among those millions were new veteran entrepreneurs.

The new report showed that 10.7% of all new business owners in America were veterans, citing a 100% increase in the number of veteran-owned businesses compared to census data collection. from last year.

Gusto’s survey of new business owners asked veterans why they decided to start their own business, rather than looking for other sources of income. Unsurprisingly, 48% of respondents say they are worried about their financial situation. Other responses were based on some sort of economic need, such as layoffs and childcare costs.

Veterans are already a naturally entrepreneurial subset of the American population. Previous studies have shown that vets are 45% more likely to start their own business than their non-veteran counterparts.

The survey of new business owners found that this entrepreneurial spirit is emerging in the wake of the global pandemic, as a quarter of respondents said their startup was taking advantage of a pandemic-related business opportunity.

There were also a variety of industries in which vets chose to start their new businesses. Forty-seven percent of these companies produced consumer goods or were involved in construction, utilities, transportation and warehousing. Another big area was the retail, leisure and hospitality sectors, where 29% of veteran respondents have started businesses.

(Courtesy of Gusto)

A large number of new businesses owned by veterans is good for the economy as a whole. Previous census data shows nearly four million Americans were employed by veteran-owned businesses, and Gusto’s new survey finds these new businesses are looking to hire even more, despite perceived financial terms.

Sixty-three percent of veteran-owned businesses said they would hire more employees in 2022, and 71% said they would seek help in the coming year. So while media headlines can make things bleak for some, namely the tech sector, small businesses — especially those run by veterans — continue to drive economic growth across the country.

— Blake Stilwell can be reached at blake.stilwell@military.com. It can also be found on Twitter @blakestilwell or on Facebook.

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Intravascular Catheter Market Expected to Reach $9 https://hoteloliebol.com/intravascular-catheter-market-expected-to-reach-9/ Mon, 14 Nov 2022 16:30:00 +0000 https://hoteloliebol.com/intravascular-catheter-market-expected-to-reach-9/ LONDON, Nov. 14, 2022 (GLOBE NEWSWIRE) — Get 33% off for a limited time on our uniquely designed opportunity and strategy market research reports. Contact us today and develop winning strategies! According to The Business Research Company’s research report on Intravascular Catheters Market, rising hospitalization rate due to high prevalence of chronic diseases is driving […]]]>

LONDON, Nov. 14, 2022 (GLOBE NEWSWIRE) — Get 33% off for a limited time on our uniquely designed opportunity and strategy market research reports. Contact us today and develop winning strategies!

According to The Business Research Company’s research report on Intravascular Catheters Market, rising hospitalization rate due to high prevalence of chronic diseases is driving the growth of intravascular catheters market. Globally, the prevalence of chronic diseases and conditions is increasing. Intravascular catheters are used to collect specimens for testing and supply of fluids, nutrients, and blood during the treatment of chronic diseases.

According to an estimate by a German healthcare company, Fresenius Medical Care, the number of people with chronic kidney disease is expected to increase from 3.7 million patients in 2020 to 4.9 million by 2025. As a result , increasing hospitalization rate due to high prevalence of chronic diseases is expected to propel the growth of the intravascular catheters market over the coming years.

Request a sample of the global intravascular catheters market report

The global intravascular catheter market is expected to grow from $5.29 billion in 2021 to $5.87 billion in 2022 at a compound annual growth rate (CAGR) of 10.92%. The Russian-Ukrainian war has disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions against several countries, a spike in commodity prices and supply chain disruptions, affecting many markets around the world. The intravascular catheters market share is expected to reach $9.15 billion in 2026 at a compound annual growth rate (CAGR) of 11.73%.

According to the intravascular catheters market overview, product innovations are a key trend gaining popularity in the intravascular catheters market. The major players in the intravascular catheters market are focusing on innovating new products with advanced features to strengthen their position. For example, in July 2022, B. Braun Medical Inc., a German medical device and pharmaceutical company, launched the Introcan Safety 2 IV catheter with unique blood control, making IV access safer for the clinician. reducing the risk of blood exposure and needlestick accidents. In addition, in March 2022, Shockwave Medical Inc, a company that creates and sells medical devices, introduced the Shockwave M5+ catheter, specially designed to treat calcified lesions of the iliac, femoral, ilio-femoral, popliteal, infra-popliteal arteries. and kidneys of the lower limbs otherwise difficult to treat.

Key Players of Intravascular Catheters Market are Cook Medical, Smiths Medical, Edwards Life Sciences Corporation, Medtronic Inc, Johnson & Johnson, McKesson Medical Surgical Inc, Terumo Corporation, Abbott Laboratories Inc, Boston Scientific Corp, Getinge AB, Coloplast Corp, Cardinal Health, Conavi Medical, Infraredx Inc, BD, MAQUET Holding BV & Co KG, Vitality Medical, BBraun, Koninklijke Philips NV, Lumend Corporation, Covidien Ag, Acist Medical Systems, Biotronic SE & COKG, Biosense Webster Inc, Cordis, QX Medical and Teleflex Incorporated.

The global intravascular catheters market is segmented by product into short PIVC, integrated/closed PIVC; by application in oncology, gastroenterology, renal disease, infectious diseases, other applications; by end use in hospitals, clinics, ambulatory surgery centers, home care.

North America was the greater region in the intravascular catheters market in 2021. Asia Pacific should be the fastest growing region in the intravascular catheters market over the forecast period. Regions covered in the Intravascular Catheters market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle- East and Africa.

Global Intravascular Catheters Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provide Intravascular Catheters Market size and growth forecast , Intravascular Catheters Market Segments and Geographies, Intravascular Catheters Market Trends, Intravascular Catheters Market Drivers and Restraints, Revenue, Profiles and Market Share of Top Intravascular Catheters Market Competitors in 1000+ Reports of the industry, covering more than 2,500 market segments and 60 geographies.

The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders.

A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.

Not the market you are looking for? See similar market intelligence reports:

Global Peripheral IV Catheters Market Report 2022 – By Product Type (Short Peripheral Intravenous Catheters, Integrated/Closed Peripheral Intravenous Catheters (PIVC)), By Technology (Conventional Peripheral Intravenous Catheters (PIVC), Safety Peripheral Intravenous Catheters (PIVC) )), by End User (Hospitals, Clinics, Ambulatory Surgery Centers, Home Care) – Global Market Size, Trends & Forecast 2022-2026

Global Medical Tubing Market Report 2022 – By Product (Silicone, Polyolefins, Polyvinyl Chloride, Polycarbonates, Fluoropolymers, Others), By Application (Bulk Disposable Tubing, Drug Delivery Systems, Catheters, Biopharmaceutical Lab Equipment, Others), By End User (Hospitals, Clinics, Ambulatory Surgery Centers, Medical Laboratories, Others) – Global Market Size, Trends & Forecast 2022-2026

Global Catheters Market Report 2022 – By Product (Cardiovascular Catheters, Neurovascular Catheters, Urology Catheters, Intravenous Catheters, Specialty Catheters), By Lumen (Single Lumen, Double Lumen, Triple Lumen), By End User (Hospitals & Clinics) , Ambulatory Surgical Centers) – Global Market Size, Trends & Forecast 2022-2026

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Here are the industries that added the most jobs in October — and which lagged behind https://hoteloliebol.com/here-are-the-industries-that-added-the-most-jobs-in-october-and-which-lagged-behind/ Sat, 05 Nov 2022 21:15:32 +0000 https://hoteloliebol.com/here-are-the-industries-that-added-the-most-jobs-in-october-and-which-lagged-behind/ The U.S. economy gained 261,000 jobs in October, the Labor Department reported Friday. The latest figure is slightly lower than September’s, but still well above economists’ forecast of a gain of 190,000 jobs. Despite high inflation, rising interest rates, slowing economic growth and mounting anxiety about a recession in 2023, the resilient U.S. labor market […]]]>

The U.S. economy gained 261,000 jobs in October, the Labor Department reported Friday.

The latest figure is slightly lower than September’s, but still well above economists’ forecast of a gain of 190,000 jobs.

Despite high inflation, rising interest rates, slowing economic growth and mounting anxiety about a recession in 2023, the resilient U.S. labor market saw another month of strong job creations. jobs.

Here are the sectors that have added the most workers, as well as those that are struggling to keep pace.

The Healing Market for Healthcare Workers

The health care sector led the United States last month with a gain of 53,000 workers, according to the Labor Department. A gain of 31,000 workers in doctors’ offices and hospital outpatient departments made up the bulk of the industry’s gains and contributed to a much better year for the beleaguered health care sector.

Health care hiring rebounded in 2022, bringing in an average of 47,000 new workers each month this year compared to 9,000 per month in 2021.

Economists say a combination of increased demand for non-emergency health services that has taken a back seat during the pandemic and rapidly rising wages for health care workers have helped the sector rebound.

Professional and technical services holding firm

The United States added 43,000 workers in professional and technical services last month, a broad category including consultants, architects, engineers and technicians.

Job growth in this sector can be a useful sign of changes in the economy, as these services are often in greater demand as businesses expand.

While employment growth in professional and technical services slowed slightly in 2022, October’s strong performance is another sign of the strength of the US economy in the face of many forces aimed at slowing it down.

“The jobs data shows how resilient the labor market has been in the face of stubbornly high inflation and a sharp rise in interest rates so far this year,” wrote Cailin Birch, global economist at the Economic Intelligence Unit, in an analysis on Friday.

Factories continue to build a larger workforce

The U.S. manufacturing sector has come back to life since the start of 2021 and has continued to add jobs at a healthy pace, even in the face of rising interest rates, supply chain dysfunction and consumers are misappropriated from property in the past year.

Manufacturers added 32,000 jobs in October, according to the Labor Department, slightly less than its average monthly gain of 37,000 this year. The sector faces serious threats from higher interest rates and supply shortages, but it has held strong thanks in part to a glut of demand that still lingers from the depths of the pandemic.

“Factory jobs continue to be a reliable engine of job growth, especially for workers not looking to earn a four-year degree. Investments made over the past year in infrastructure, clean energy, electric vehicles and semiconductors should continue to pay dividends in terms of jobs next year and beyond,” said Friday Scott Paul, president of the Alliance for American Manufacturing.

“But there are threats to that growth: an overzealous Fed, global headwinds, and unwanted pressure to lower tariffs and Made in America requirements.”

Leisure and hospitality offer many options

The leisure and hospitality sector is not showing as much growth as last year, when it added 196,000 jobs each month on average. But restaurants, bars, entertainment venues and accommodations still gained 35,000 jobs last month as they seek to fill a massive labor shortage.

Leisure and hospitality has been the sector hardest hit by the pandemic and it remains 1.1 million workers below its pre-pandemic employment total. Those who have stayed or joined the industry since the emergence of COVID-19 vaccines have faced increased demand with fewer colleagues to help them, while dealing with high inflation in the food sector.

“Given the continued demand for workers from businesses, job gains are unlikely to fall sharply in the near term,” Ben Ayers, senior economist at Nationwide, said in an analysis Friday.

“Job growth is expected to remain strong through 2023, while continuing to gradually slow.”

Transportation is on the move, but warehouse jobs are harder to come by

Employment growth in the transportation and warehousing sector fell sharply in October, gaining just 8,000 jobs after an average gain of 25,000 each month this year. But the split between the two is a window into the evolution of the US economy.

The industry added 13,000 workers in trucking, 7,000 couriers and messengers and 4,000 more jobs in air transport – three parts of the sector are still struggling with labor shortages and labor issues. Supply Chain.

But warehousing jobs fell by 20,000 in October as big retailers continued to pull back investments they made earlier in the pandemic when shipping delays and shortages made it difficult to keep customers happy. .

“The warehousing and storage industries, winners of the pandemic era, lost 20,000 jobs during the month, likely due to the move away from the consumption of goods,” said Nick Bunker, director of economic research at Indeed, in an analysis on Friday.

The financial sector continues to collapse

Rising interest rates and growing fears of a recession have hit financial markets hard. Job seekers in the sector are not faring much better.

The financial sector added just 3,000 jobs in October, which the Labor Department does not consider a significant increase in employment. Rental and leasing services lost 8,000 jobs last month alone, likely due to a slowing housing market caused by high mortgage rates.

Real estate brokers, mortgage lenders and other businesses that depend on strong home sales have laid off employees and brace for deeper cuts as the housing market continues to slow. Higher interest rates are also suppressing investment activity, so business companies are also considering layoffs.

Mining, construction and retail trade also saw weak job growth in October.

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Tilaknagar Industries acquires 19.5% stake in ready-to-drink shot maker Swigger https://hoteloliebol.com/tilaknagar-industries-acquires-19-5-stake-in-ready-to-drink-shot-maker-swigger/ Mon, 31 Oct 2022 09:50:48 +0000 https://hoteloliebol.com/tilaknagar-industries-acquires-19-5-stake-in-ready-to-drink-shot-maker-swigger/ Tilaknagar Industries Limited, an Indian Manufacturer of Foreign Liquor (IMFL) has invested approx. ₹1 crore for a 19.5% stake in Pune-based start-up Incredible Spirits Private Limited (ISPL), maker of ready-to-drink product Swigger. The capital investment for this transaction will be made immediately from its internal resources. The company is co-investing with Manpreet Uppal, an industry […]]]>

Tilaknagar Industries Limited, an Indian Manufacturer of Foreign Liquor (IMFL) has invested approx. 1 crore for a 19.5% stake in Pune-based start-up Incredible Spirits Private Limited (ISPL), maker of ready-to-drink product Swigger. The capital investment for this transaction will be made immediately from its internal resources. The company is co-investing with Manpreet Uppal, an industry veteran who has interests in alco-bev distribution and hospitality in Maharashtra. Uppal will also invest 1 crore in ISPL for the same terms as Tilaknagar Industries. The company sells Mansion House, a premium brandy. ISPL was launched in 2020 by alco-bev industry professionals Arun Raina and Pranav Teredesai. It has developed products in the alcoholic ready-to-drink (RTD) space under the brand name. Shots are made from mother spirits like gin and vodka, mixed with flavors. The launch is expected to take place in 2023, initially in the Goa market, with other regions to be added later. Amit Dahanukar, President and CEO of Tilaknagar Industries, said, “Modern consumers are looking for a premium, convenient and enjoyable drinking experience that gives alcohol-based ready-to-drink beverages a boost. The founders of ISPL foresee enormous potential for this product category and we would like to play a part in bringing their innovative idea to fruition. “This move will provide the company with the opportunity to participate in the growing RTD space “Given the growing trend towards cocktail culture, there remains a constant need to create exciting, yet safer ways to to please,” he added. Ameya Deshpande, President, Strategy and Business Development, for the company said, “The brand is going to be a game changer. We are extremely excited to partner with them to build this category. The product will provide a great opportunity for people to have an enjoyable experience.” According to the IWSR report of May 2022, the RTD market in India is a category of 3 million cases in 2021 and is expected to grow by around 9% per year during the According to the economic policy think tank Indian Council for Research on International Economic Relations, India is one of the fastest growing alcoholic beverage markets in the world, with a market size estimated to be worth $52.5 billion in 2020. This market is expected to grow at a CAGR of 6.8% between 2020 and 2023.

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China promotes application of AI technology to real economy – Xinhua https://hoteloliebol.com/china-promotes-application-of-ai-technology-to-real-economy-xinhua/ Fri, 28 Oct 2022 06:56:16 +0000 https://hoteloliebol.com/china-promotes-application-of-ai-technology-to-real-economy-xinhua/ A visitor experiences a massage robot during the World Artificial Intelligence Conference (WAIC) 2022 in Shanghai, east China, Sept. 1, 2022. (Xinhua/Fang Zhe) BEIJING, Oct. 28 (Xinhua) — At a logistics center owned by a healthcare group in China, autonomous mobile robots transport shelves and containers out of the warehouse, a task that previously required […]]]>

A visitor experiences a massage robot during the World Artificial Intelligence Conference (WAIC) 2022 in Shanghai, east China, Sept. 1, 2022. (Xinhua/Fang Zhe)

BEIJING, Oct. 28 (Xinhua) — At a logistics center owned by a healthcare group in China, autonomous mobile robots transport shelves and containers out of the warehouse, a task that previously required human workers to do about 30,000 steps per day.

Artificial intelligence (AI) robots, developed by Chinese AI company Megvii, have helped this logistics center reduce labor difficulties and costs, improve work efficiency and promote its transformation from automation to intelligence.

Changsha, capital of central China’s Hunan Province, has been a testing ground for several categories of smart vehicles, including self-driving buses running on the first China smart open-top bus demonstration line.

The smart bus demonstration line, built by Xiangjiang New Area, is 7.8 km long and includes 22 stops in both directions. However, the driver’s seats are not empty, but are occupied by “security personnel”.

The accelerator, brakes, steering wheel and shifter of these autonomous vehicles are all managed by computers, allowing the “driver” to better monitor events during test drives, according to He Jiancheng, one of the members of the security personnel.

“My main task is to deal with all the unpredictable situations the vehicle may encounter,” he said.

Seeking to accelerate the development of AI applications and boost economic growth, the Chinese Ministry of Science and Technology recently announced the first batch of 10 AI demonstration application scenarios, including farms smart, smart factories and autonomous driving.

“AI technology must be paired with application scenarios if it is to play its greatest role,” said Ren Aiguang, an official with the Ministry of Industry and Information Technology. “China’s advantage in the development of AI lies in its rich application scenarios created during the intelligent upgrade of the real economy.”

In the 2022 World Robot Conference, more than 500 sets of intelligent robots were deployed in simulation application scenarios for various industries, including advanced biomimetic robots, medical robots and agricultural robots.

Robots such as intelligent refueling robots and finless bionic porpoises based on aviation technology have attracted a lot of attention. Smart refueling robots, for example, can be deployed at unmanned service stations.

“Accelerating scenario innovation is the key driving force to boost AI technology and industrial development. Scenario innovation of AI in key industries will promote the deep integration of AI and the real economy, and lay a solid foundation for China’s high-quality development. “said Fu Yingbo, president of Megvii.

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Study Shows Hospitals Contribute to Economic Health of Communities | Company https://hoteloliebol.com/study-shows-hospitals-contribute-to-economic-health-of-communities-company/ Sat, 22 Oct 2022 06:00:00 +0000 https://hoteloliebol.com/study-shows-hospitals-contribute-to-economic-health-of-communities-company/ A Harrisburg-based organization recently released the results of a study it conducted on the economic impacts of hospitals on communities in Pennsylvania. And like any crackerjack photographer, Brook Ward anticipated what was to come. “I’m not surprised by the results,” said Ward, who is more commonly recognized as president and CEO of the Washington Health […]]]>

A Harrisburg-based organization recently released the results of a study it conducted on the economic impacts of hospitals on communities in Pennsylvania. And like any crackerjack photographer, Brook Ward anticipated what was to come.

“I’m not surprised by the results,” said Ward, who is more commonly recognized as president and CEO of the Washington Health System. “Because of the importance of health care, the economic impact on our communities is enormous. We are not only taking care to keep the community as healthy as possible, but we are dealing with a significant purely economic impact.

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Global Recycled Plastics Market Report 2022: Favorable https://hoteloliebol.com/global-recycled-plastics-market-report-2022-favorable/ Mon, 17 Oct 2022 09:08:42 +0000 https://hoteloliebol.com/global-recycled-plastics-market-report-2022-favorable/ Dublin, Oct. 17, 2022 (GLOBE NEWSWIRE) — The “Global Recycled Plastics Market by Type (PET, PE, PP, PVC, PS), Source (Bottles, Films, Fibers, Foams), End-Use Industry ( Packaging, Textile, Building & Construction, Automotive, Electrical & Electronics) and Region – Forecast to 2026″ report has been added to from ResearchAndMarkets.com offer. The recycled plastics market is […]]]>

Dublin, Oct. 17, 2022 (GLOBE NEWSWIRE) — The “Global Recycled Plastics Market by Type (PET, PE, PP, PVC, PS), Source (Bottles, Films, Fibers, Foams), End-Use Industry ( Packaging, Textile, Building & Construction, Automotive, Electrical & Electronics) and Region – Forecast to 2026″ report has been added to from ResearchAndMarkets.com offer.

The recycled plastics market is expected to grow from USD 27.9 billion in 2021 to USD 43.5 billion by 2026, growing at a CAGR of 9.3% from 2021 to 2026. Recycled plastics understands the growing awareness of energy savings and government responses. Additionally, governments around the world are concerned about plastic waste, especially single-use packaging waste, and are implementing regulations to both minimize environmental waste and improve waste management processes. This, in turn, is expected to contribute to the growth of the recycled plastics market.

PET is estimated to dominate the recycled plastics market, by type in terms of value during the forecast period

By type, PET is estimated to be the largest segment of the recycled plastics market. It is mainly used in fashion products such as fleece clothing, backpacks and carpets. PET can be recovered and recycled multiple times and remelted to produce new PET products. It can also be chemically broken down into its constituent raw materials, which can then be purified and converted into a new PET resin.

The end-use packaging industry is expected to hold the largest market share during the forecast period

By end-use industry, packaging is estimated to be the largest segment of the recycled plastics market. This industry mainly uses PET and HDPE resins for product packaging. Additionally, these resins are the most commonly recycled plastics because they are easy to recycle and have excellent properties, such as strength, thermostability, and transparency, making them a popular choice for use in packaging. Plastics are among the most commonly used materials for packaging because they have several advantages, such as durability and sealability, which protect products and increase their shelf life.

The Asia-Pacific Recycled Plastics Market is expected to be the largest market, by region during the forecast period, in terms of value

Asia-Pacific is expected to be the largest market for recycled plastics during the forecast period. Asia-Pacific is the fastest growing region in terms of population and economic growth. The region has experienced significant growth over the past decade and has accounted for more than a third of global GDP. The strong economic growth, coupled with the increase in population, is expected to boost the industrial sector in the region, which will increase the need for plastics from industries. Continuous and easy availability of recycled plastics, low cost labor, lower prices and environmental benefits are also some of the major factors driving the recycled plastics market in the region.

Market dynamics

Drivers

  • Negative environmental impact of eliminating plastics
  • Growing Awareness of Energy Savings and Government Responses
  • Growing use in packaging, automotive, electrical and electronics industries
  • Chemical recycling process

Constraints

  • Rigorous competition from Virgin Plastics
  • Effects of downcycling

Opportunities

  • Favorable initiatives to promote the use of recycled plastics in developed countries
  • Increasing use in the textile industry of developing countries in Asia-Pacific
  • New recycling technologies
  • Opportunities for chemical industries

Challenges

  • Ban on importing plastic waste or scrap into China
  • Difficulty in collecting raw materials
  • Only a few recycled plastics have market demand
  • Pigmented plastics are not accepted by many recycling facilities

Main topics covered:

1. Introduction

2 Research methodology

3 Executive summary

4 premium previews

5 Market Overview

6 Recycled Plastics Market, By Source

7 Recycled Plastics Market, by Type

8 Recycled Plastics Market, By End-Use Industry

9 Recycled Plastics Market, by Region

10 Competitive Landscape

11 company profiles

12 Appendix

Companies cited

  • Alpek
  • B&B Plastics
  • B.Schoenberg & Co.
  • Biffa
  • Cabka Group
  • Clear Path Recycling
  • Custom polymers
  • Consider plastics
  • New Century Far Eastern Society
  • Fresh Pak Corporation
  • Imerys
  • Indorama Ventures Public Ltd.
  • Jayplas
  • Kk Asia Pte Ltd
  • Kw Plastics
  • MBA Polymers
  • Pet Processors LLC
  • Phoenix Technologies
  • Plasgran
  • Plastipak Holdings
  • Remondis Se & Co. Kg
  • Replacements
  • Republic Services
  • Stericycle
  • Suez
  • Ultra Poly Corporation
  • Veolia
  • Waste Connections, Inc

For more information about this report visit https://www.researchandmarkets.com/r/yivjz9

  • Global market for recycled plastics

        
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While in Bucksport, Governor Mills visits seafood businesses benefiting from Maine’s jobs and stimulus package https://hoteloliebol.com/while-in-bucksport-governor-mills-visits-seafood-businesses-benefiting-from-maines-jobs-and-stimulus-package/ Fri, 14 Oct 2022 20:59:50 +0000 https://hoteloliebol.com/while-in-bucksport-governor-mills-visits-seafood-businesses-benefiting-from-maines-jobs-and-stimulus-package/ Bucksport, MAINE —During a visit to Bucksport today, Governor Janet Mills visited two local seafood processing companies that have received grants from her Maine Jobs & Recovery Plan to upgrade their infrastructure. “Maine’s seafood industry – from our fishers and aquaculturists to our processors and marketers – is the backbone of our economy, employing thousands […]]]>

Bucksport, MAINE —During a visit to Bucksport today, Governor Janet Mills visited two local seafood processing companies that have received grants from her Maine Jobs & Recovery Plan to upgrade their infrastructure.

“Maine’s seafood industry – from our fishers and aquaculturists to our processors and marketers – is the backbone of our economy, employing thousands of people along the coast and generating approximately $2 billion each year. year”, said Governor Janet Mills. “I was thrilled to visit Pemaquid Mussel Farms and Greenhead Lobster in Bucksport today to see how my Maine Jobs & Recovery Plan funding is supporting their success. Providing finance to help companies modernize their infrastructure strengthens them in the long term and protects them from the effects of inflation. My administration will continue to work to ensure the strength and vitality of this industry for years to come. »

In June, Governor Mills awarded more than $15 million to 107 Maine seafood merchants and processors, including Pemaquid Mussel Farms and Greenhead Lobster, as part of her COVID-19 Merchant Response and Resilience Program. and Seafood Processors (SDPP) to help increase the supply of Maine-harvested seafood, build their ability to deliver to markets, and create and sustain jobs in Maine’s iconic seafood industry . Businesses in each coastal county received prizes, with more than half of the grants totaling more than $115,000.

Bucksport’s Pemaquid Mussel Farms grow their mussels on ropes suspended from floating rafts. With funding from Governor Mills’ Maine Jobs & Recovery Plan, Pemaquid will purchase a new processing line and equipment for its processing plant.

“The Seafood Merchants and Processors program was essential in moving us forward and into a bright future, providing our customers with the best quality mussels and mussel products and creating sustainable, high-quality jobs in Maine,” said Carter Newell, Managing Member of Pemaquid Mussel Farms LLC.

Greenhead Lobster is a family business with facilities in Stonington and Bucksport. During the pandemic, declining wholesale demand forced the company to invest heavily in new online sales. With funding from Governor Mills’ Maine Jobs & Recovery Plan, Greenhead will make investments in innovation that will significantly increase the efficiency of their lobster processing.

“Greenhead Lobster appreciates the opportunity to participate in the SDPP program to complement our investments in innovation and technology,” said Hugh Reynolds, owner of Greenhead Lobster in Stonington. “Greenhead Lobster will use this grant to make investments in innovation that will significantly increase the efficiency of our lobster processing. We are very proud to be part of Maine’s lobster industry and are excited to use this funding to continue contributing to its future.

“Maine’s seafood traders and processors are a vital part of our coastal economy,” said Patrick Keliher, commissioner of the Maine Department of Marine Resources. “They have faced unprecedented challenges resulting from the pandemic. Through Governor Mills’ leadership and commitment to this industry, they have received a much-needed lifeline that will not only help them face future economic challenges, but also build a prosperous and profitable future.

The SDPP program is one of three initiatives in the governor’s jobs plan to support the economic recovery of Maine’s heritage fishing, forestry and agriculture industries from the impacts of the COVID-19 pandemic. This year, the governor’s plan for jobs awarded about $41 million in economic stimulus funds to 392 businesses in these heritage sectors across Maine’s 16 counties. A second round of grants offering $14 million for the forest products industry is now available.

The Mills administration has provided more than $288 million in federal grants to Maine businesses and nonprofits to mitigate the effects of the pandemic.

The Maine Jobs & Recovery Plan is the Governor’s plan, approved by the Legislature, to invest nearly $1 billion in Federal American Rescue Plan funds to improve the lives of Maine residents and families, help businesses, create well-paying jobs and build an economy. ready for future prosperity.

It draws heavily on the recommendations of the Governor’s Economic Recovery Committee and the state’s 10-Year Economic Development Strategy, turning them into concrete actions to improve the lives of Maine residents and strengthen the economy.

Funding for the jobs plan is through the Federal American Rescue Plan Act, which allocated $4.5 billion in stimulus funds to Maine in 2021. Coordination of the jobs plan is led by the Maine Department of Administrative and Financial Services and the Governor’s Office of Policy Innovation and the Future.

To learn more about Maine Jobs & Recovery Plan, visit maine.gov/jobsplan.

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Manufacturing Awareness for Door County’s Largest Industry https://hoteloliebol.com/manufacturing-awareness-for-door-countys-largest-industry/ Fri, 07 Oct 2022 01:38:52 +0000 https://hoteloliebol.com/manufacturing-awareness-for-door-countys-largest-industry/ Wisconsin celebrates October as Manufacturing Month, and what it looks like in Door County is about 300 students visiting a dozen businesses across the peninsula to learn about the career opportunities that are available right here at home. The organization for the October 27 manufacturing tour is the Door County Economic Development Corporation (DCEDC). “Our […]]]>

Wisconsin celebrates October as Manufacturing Month, and what it looks like in Door County is about 300 students visiting a dozen businesses across the peninsula to learn about the career opportunities that are available right here at home.

The organization for the October 27 manufacturing tour is the Door County Economic Development Corporation (DCEDC).

“Our biggest thing is to raise awareness,” said Korey Mallien, director of marketing and communications for DCEDC. “Most of our businesses are struggling to attract and retain their workforce. A big part of that is giving our school districts and the people here the opportunity to know that there are many great, high-paying jobs they can make a great career out of and stay here in Door County.

Manufacturing Month is not meant to elevate one industry above another – “the whole ecosystem is important”, said Michelle Lawrie, executive director of the DCEDC – but the manufacturing sector, despite its size, moves more silently and less visibly than others. The tour aims to pull back the curtain and expose young people to the wide range of career paths in the industry, whether working in the field or in marketing, sales, accounting or human resources.

The DCEDC started these tours in 2017. COVID-19 shut them down in 2020, and this year is the first they’re back in full force.

“This year, we’re excited because it’s not just the four mainland schools, but Washington Island is bringing its high school students,” Mallien said. “And Algoma found out what we were doing, and so they’re bringing in about 50 students from their sophomore class.”

In total, around 300 students are expected to participate by visiting at least 12 companies – and more could still sign up.

The goal is to showcase the diversity of the size and type of manufacturers that exist in Door County – from small to large, from wineries and coffee roasters to industrial plastics and shipbuilding.

“Even a microbrewery is considered a manufacturer,” Mallien said.

Washington Island sends 10th and 11th graders because the district is trying to prepare students for career paths, and those students are at an age where they’re starting to think about their future, said Timothy Verboomen, principal of Washington Island and program director. .

In addition to the local manufacturing tour day, island students participated in an educational fair at St. Norbert College and will visit a Kaukauna business to learn about careers in architecture, engineering and general construction.

“Our hope is that some of our students can see their future in these opportunities and learn more about the training or schooling needed to pursue them,” Verboomen said.

The manufacturing tour will take place on October 27. Get more details by calling the DCEDC at 920.743.3113.

Contribution of manufacturing to local GDP

A “manufacturer” is a person or company that manufactures goods for sale. This explains the variety of types of makers, whether it’s making cheese or building ships.

There are 65 manufacturers throughout Door County, according to the industry snapshot provided by JobsEQ, a software tool the DCEDC uses to obtain timely data on the local workforce and employers. Combined, Peninsula manufacturers employed 2,206 people in the first quarter of this year, or 14.7% of total employment in the county.

That number is down 50 jobs over the past year, but that’s not because the jobs aren’t available, Lawrie said.

“They certainly can’t hire the people they need,” she said.

The number of people that manufacturing employs is significant – only Door County’s service industry has a slightly larger number of employees. But the average salary of a manufacturing employee is 25% higher than the average salary of all other employees: $54,989 annually versus $40,484.

Manufacturing also contributes the highest amount of any industrial sector to Door County’s gross domestic product (GDP) of $1.392 billion: $246 million, or 17.7% of the total. GDP is the total value of goods produced and services provided, and it is an important indicator of the strength of the industry. For that reason alone, Manufacturing Month is worth celebrating, Lawrie said.

“It’s a huge chunk of GDP, and if it were to drop significantly, it would lead to a huge drop in GDP,” she said.


A manufacturing tour for the month of manufacturing

About 300 students from six area school districts — Algoma, Gibraltar, Sebastopol, Sturgeon Bay, Southern Door and Washington Island — will visit 12 makers on Oct. 27 as part of Door County Crafting Month. Grouped in clusters, students will visit from 8 a.m. to 12 p.m. a small, medium and large company among the following: Fincantieri Bay Shipbuilding, WireTech, Key Industrial Plastics, Hatco, Therma-Tron-X, Cadence, NEW Industries, Pro Products, Door County Candle Company, Marine Travelift, ExacTech and Door County Coffee & Tea.

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