"Adversity causes some men/women to break ; others to break records. " William Word
We had plenty of adversity in the past 2 years and many of you have thrived and grew stronger and more successful. Why ? Did you focus on what is right ?. A mentor of mine once told me " Where our focus goes, energy flows " . While we continue to update some news concerning current shipping challenges in this industry. We will also focus on product innovations, sustainability. and smart /function textiles . Business is about Marketing and Innovations.
July cargo surge along East, Gulf coasts provides no relief from port congestion
Bill Mongelluzzo, Senior Editor | Aug 31, 2022 12:57PM EDT
The shift in import volumes continued a trend that began earlier this year when retailers looked to avoid West Coast ports to mitigate the risk of potential disruption from ongoing longshore labor talks. Those negotiations between the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) continue and no delays linked to the talks have occurred. Read more
Smart textile
https://www.innovationintextiles.com/listening-to-the-lungs/
As part of the Pneumo.Vest project, German researchers at the Fraunhofer Institute for Ceramic Technologies and Systems (IKTS) in Berlin have developed a technology enabling noises in the lungs to be recorded using a textile vest with integrated acoustic sensors – as an alternative to the stethescope which doctors have relied on for over 200 years. Read More
Sustainability front: Cotton alternative ?
Spinnova’s fibre is made of certified wood sourced from responsibly managed forests, is fully recyclable and and consumes approximately 99.9% less water in comparison to conventional cotton. No harmful chemicals are employed in its production. Learn More
Beware the Tipping Point to Come
Third, trends notwithstanding, beware of a future tipping point — an event that may push Beijing to cross the Rubicon and prepare to take military action against Taiwan. Malcolm Gladwell defines a tipping point as “the moment of critical mass, the threshold, the boiling point.” In the context of China, the United States and Taiwan, a tipping point refers to a point in time at which Beijing: (1) determines Taiwan’s trajectory has turned inexorably and irreversibly away from unification; (2) concludes its strategy of “peaceful reunification” has met with abject failure; and (3) decides that the time has come to focus wholeheartedly on unification by force. Read More
Currency Exchange:
As interest rates raise . US dollar hits a 2 year high with both RMB and NTWD. As concerns for inflation continue to raise. A stronger dollar is aim provide better buying power for the USD . However this will increase also increase the amount of interest US use to pay for its debt. 1/3 of our GDP will be used to pay for the interest alone if rate will continue to raise.
Crude Oil price
Oil price continue to climb, most raw material remain at an upward momentum due to unstable supply chain .
<a href='https://www.macrotrends.net/1369/crude-oil-price-history-chart'>Crude Oil Prices - 70 Year Historical Chart</a>
Nylon and Polyester yarn price have not change much as there are still some supply chain issues continue to repeat . We do not see any immediate decrease in price due to exchange as cost of goods are still at previous highs. We will continue to monitor this as the markets are constantly changing.
Looking forward to see everyone at the ATA 2022 in NC this year. Any comments or suggestions please email us at clientservice@srinc.us.