Synthetic Resources Inc
Road map to what’s next
Updated: Apr 25, 2022
This issue we will continue to provide update on Port situation. Updates on COVID lockdown in China in 28 regions. Shanghai Main financial hub and city of 26 million people affected. Possible West coast ILW Port Strike upcoming in July. What's on the raise on material cost, currency, and oil. Let us take a look at what is ahead on our map so we can all have better optics and anticipate what's ahead.
Courtesy of Maresk North America Team Transpacific faces challenges impacting all of supply chain, Port Operation over view
Ship Backup at Southern California Ports Is Receding
By Paul Berger Follow Updated Feb. 10, 2022 4:21 pm ET
The number of ships waiting to unload at the ports of Los Angeles and Long Beach fell this week to the lowest level since November but remains extensive
Although the ship backup is the smallest it has been since Nov. 11, congestion remains severe by historical standards. Container ships are waiting an average of 18 days to unload at the Port of Los Angeles, the busiest of the neighboring gateways. Before the pandemic, it was unusual for ships to have to wait for a berth.
Soren Skou, chief executive of Danish containership company A.P. Moller-Maersk AS, this week said he expects supply-chain bottlenecks to continue at least until June. Read more
China Inflation Rises as Lockdowns, Ukraine War Drive Up Prices
Inflationary pressure remains lighter than in other major economies, giving the central bank room to stimulate the slowing economy
By Jason Douglas Follow April 11, 2022 2:45 am ET
China’s zero-tolerance strategy for combating Covid-19 faces its sternest test with the fast-spreading Omicron variant of the virus, which is damping consumer spending, clogging up supply chains and casting doubt on whether the government can meet this year’s economic-growth goal of around 5.5%. Authorities in March imposed lockdowns in areas including the southern technology hub of Shenzhen and the northeastern industrial province of Jilin. Shanghai, China’s most populous city and a financial and commercial powerhouse, remains under lockdown as authorities struggle to contain an outbreak. Read more
Critical US West Coast contract talks to start May 12
Bill Mongelluzzo, Senior Editor | Mar 30, 2022 3:18PM EDT
Contract negotiations between the International Longshore and Warehouse Union (ILWU) and West Coast employers will begin May 12, the two sides said Wednesday, with the talks coming against a backdrop of vessel backlogs, congested marine terminals, and inland supply chains struggling to handle near-record cargo volumes.
What’s on the raise on material cost ?
As demand rebounds despite supply chain disruptions as the economy slowly recovers from the pandemic, the price of synthetic fiber has increased. In 2021, the price of synthetic fiber increased sharply, increasing 13.8%. Furthermore, the price of synthetic fiber is expected to continue increasing, with an expected increase of 6.7% in 2022 alone.
Continue below for currency and oil data.
NTD & RMB vs USD
As of 2022 , the NTD show signs of recovery as Fed Start to raise interest rate. RMB changed modestly. As china control their currency to fluctuate less than other currencies.
Crude Oil price
Oil price influenced by the recent tragedy in Eastern Europe is spiking the oil price to previous highs. Fluctuation in oil price in the past have always dictated synthetic fiber prices directions.
In summary, 2020 was 2 years ago. The challenges we face are still on going. and compounding. We are asked to dig deeper and power through. As my mentor say, we can choose to see challenges as opportunities and we get to decide to turn them into moments of growth and Triumph. It is good to see everyone growing and thriving amidst of where we are at. But its more important to know where we are going and where we will be. What do we see and most important, what we do not see ! As always please continue to provide feedback and comments to us so we may serve you better in 2022. Variety is the spice of life, let's Start our days with gratitude and appreciation each day.