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qocsuing · 1 year

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Bubble Wrap is deflating — and so is the American consumer

The maker of Bubble Wrap is seeing shares tumble Thursday after a brutal earnings announcement — and the implications go beyond the packaging industry. Get more news about Best Price Bubble Wrap,you can vist our website!

Sealed Air, which specializes in packaging supplies for e-commerce, meat, industrial goods and others, expected to see volume grow by 3% in 2022 but instead saw it drop by 6%.

Such declines were particularly pronounced in Sealed Air’s “protective” sector, which omits food. Volumes in protective were down a whopping 20% in the last quarter of 2022. Food packaging volumes dropped by 3%.

Meanwhile, the cardboard industry reported in Q4 that it saw box shipments decline by 8.4% compared to the last three months of 2021. That’s the largest downturn since the Great Recession.

The end of 2022 was pretty weak for trucking, too. In December, the Logistics Managers’ Index fell into contraction mode for the first time since April 2020. That was particularly spooky considering the fourth quarter of the year is when the trucking industry heats up in preparation for the holiday shopping season. Inflation has forced many to spend less. That includes decreased spending on discretionary e-commerce goods and even grocery goods that Sealed Air specializes in packaging. Executives noted on Thursday’s earnings call that consumers were buying less “premium” protein, like red meat.

What’s more, Sealed Air executives said “destocking” is preventing more demand for their products. Retailers accrued more and more inventory through 2021 and ’22, but consumers suddenly cut back their spending last spring. That left big-box stores like Target and Walmart with “inventory bloat” — too much stuff and not enough sales.

There’s less demand for packaging products like Bubble Wrap (and Bubble Wrap-lined envelopes) even right now because of how overstocked some retail inventories have become. The U.S. Department of Commerce said Wednesday that American wholesale inventories saw their smallest decrease in 2.5 years in December.

Sealed Air CEO Ted Doheney said on the investor call that decreased consumer spending is clear “especially in things like electronics and e-commerce.”

Indicators outside transportation or packaging suggest a struggling consumer, even amid record-low unemployment. The rising cost of food, fuel and housing appears to be forcing consumers to put more on their credit cards and save less cash.

Credit card balances saw their biggest increase in 20 years from the second to third quarter of 2022, according to the latest available data from the Federal Reserve Bank of New York. Americans saved just 3% of their monthly income in ’22, down from highs in ’20 around 30% and even the pre-COVID rate of around 8.8% in ’19, The Wall Street Journal reported in January. An uptick this summer — or sooner? Despite that, trucking may be showing some early indicators of a recovery in the goods economy — or at least that it has hit the bottom. FreightWaves SONAR truckload data suggests the market is firming up. And mega-carriers like Knight-Swift believe the market will rebound by this summer. Sealed Air’s Doheny believes the second half of 2023 will be cheerier. “The outlook for these markets is to stay challenged in the first half with a rebound in the second half of 2023,” he said.

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stratviewresearch · 1 year

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Airline Security Seals Market is Anticipated to Grow Witnessing a Steady CAGR during the Forecast 2022-2028

The report on the Airline Security Seals Market published by Stratview Research covers in depth details associated with the Airline Security Seals Market.

To get a free sample report, Click here:

The Airline Security Seals Market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the Airline Security Seals Market is its superior thermal conductivity property leading to its wide usage in a wide array of industries.

Key Players

The following are the key players in the Airline Security Seals Market:

Itw Evnopak

Dickey manufacturing

Tyden Brooks

Essentra Security Seals

Mega Fortris

Unisto AG

Cambridge Security Seals

American Casting and Manufacturing Corporation

Harcor Security Seals

Talisman Security Seals

Leghorn Group.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Airline Security Seals Market value and growth drivers over the trend period of 2022-27. According to the report -

The airline security seal market is expected to mirror the industry’s fitful path, marking a grave decline in 2021. The long-term outlook still seems hopeful as International cargo traffic is expected to improve across all regions returning to pre-crisis level, ultimately imprinting a positive impact on the market. Stratview Research’s estimates suggest that the market is likely to pick up the pace from 2021 onwards, ultimately reaching an estimated value of US$ 37.8 million in 2026.

Segment Analysis:

Based on Product Type:

Based on the product type, the market is segmented as strap seals, padlock seals, and others. Strap seals are likely to remain the most dominant as well as the fastest-recovering product type of the market during the forecast period. Strap seals are widely used in airline catering and cargo and have a flexible plastic strip and a wider flag that contains the ID information. They usually incorporate a bar code and a number corresponding to the delivery note that accompanies the trolley.

Based on Region:

All regions took a nosedive in 2021. Despite the grave downturn, North America is projected to remain the largest market during the forecast period owing to the US economic activity continues to recover, and its January manufacturing PMI reaching a new record-high, pointing to a supportive business environment for air cargo. Asia-Pacific is anticipated to log the quickest recovery in the market during the forecast period.

Critical Questions Answered in the Report

What are the key trends in the Airline Security Seals Market?

How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?

What is the impact of COVID-19 on Airline Security Seals Market?

What are the key strategies adopted by the major vendors to lead in the Airline Security Seals Market?

What is the market share of the top vendors?

Order a Copy of Airline Security Seals Market report here

About Us

Stratview Research is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful and actionable market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more. Stratview Research helps its user’s tract the ever-evolving market scenarios through its top-notch market reports.

Get in touch with us at – [email protected] connect with our experts at +1-313-307-4176

#AirlineSecuritySealsMarket

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bb0unpremspace · 3 years

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#boun noppanut #*pics #*boun #official insta post: boun

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sataniccapitalist · 4 years

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As we watched the dangerous scenes of protesters interacting with riot police and the ransacking of banks and businesses in cities across the United States this past weekend, a warning from the 19th century abolitionist, Frederick Douglass, came to mind:

“Where justice is denied, where poverty is enforced, where ignorance prevails, and where any one class is made to feel that society is an organized conspiracy to oppress, rob and degrade them, neither persons nor property will be safe.”

The protests last week and this past weekend were sparked by unspeakable cellphone videos of a Minneapolis policeman, Derek Chauvin, torturing and murdering George Floyd with his knee crushing his throat for almost nine minutes as Floyd lay handcuffed and pinned face down on the ground by Chauvin and three other police officers. Only Chauvin has been charged with third degree murder and manslaughter. The three other police accomplices have not been charged – adding more fuel to the outrage and protests across the country.

Jeh Johnson, Secretary of Homeland Security in the Obama administration, spoke on CNN on Saturday night, saying that Chauvin’s knee on Floyd’s throat was like he was a hunted animal. In fact, Chauvin seemed to be exuding bravado in the video with his hand placed confidently in his pocket in the moments before Floyd became lifeless. Tragically, it reminded us of trophy photos we have seen of hunters and their dead prey.

Floyd’s death comes on the heels of what some members of the black community are calling a string of extrajudicial killings of African Americans by police.

Chelsea Peterson, a white protester in Portland, Oregon on Friday night, told CNN she wanted to “show my solidarity with my black brothers and sisters.” Peterson added: “It was important for me as a white person to actually show up because it is our responsibility to dismantle the systems of oppression that we have created.”

Two of those systems of oppression are the Wall Street mega banks and the Federal Reserve, which have institutionalized enforced inequality in the United States, particularly in minority communities.

Let’s start with Citigroup, one of the largest Wall Street banks and a serial predator. On July 20, 2001, Gail Kubiniec, a former assistant manager at a Citigroup affiliate, CitiFinancial, testified to the Federal Trade Commission (FTC) on the predatory lending habits of the firm. Kubiniec stated:

“Employees would receive quarterly incentives, called ‘Rocopoly Money,’ based on how many present borrowers they ‘renewed’ (refinanced) into new loans…Typically, employees would only state the total monthly payment amount in selling a proposed loan. Additional information, such as the interest rate, and the financed points and fees, closing costs, and ‘add-ons’ like credit insurance, were only disclosed when demanded by the borrower…When quoting the monthly payment, I frequently quoted the payment with coverages already included, telling the consumer only that it was ‘fully protected.’ This was a common practice used by employees at CitiFinancial…The pressure to sell coverages came from CitiFinancial’s Regional and District Managers. Each branch had monthly credit insurance sales goals to meet…If these goals were not met, the District Manager would call and put pressure on the Branch Manager to get the branch up to par.”

Kubiniec testified that this is how Citigroup determined its prey: “I and other employees would often determine how much insurance could be sold to a borrower based on the borrower’s occupation, race, age, and education level. If someone appeared uneducated, inarticulate, was a minority, or was particularly old or young, I would try to include all the coverages CitiFinancial offered. The more gullible the consumer appeared, the more coverages I would try to include in the loan…”

The black community is particularly unattuned to the ways of Wall Street because Wall Street, for the past four decades, has systematically refused to hire and train black people as financial advisors. In 2008 we wrote the following:

“Wall Street, known variously as a barren wasteland for diversity or the last plantation in America, has defied courts and the Equal Employment Opportunity Commission (EEOC) for decades in its failure to hire blacks as stockbrokers. Now it’s marshalling its money machine to elect a black man to the highest office in the land. Why isn’t the press curious about this?

“Walk into any of the largest Wall Street brokerage firms today and you’ll see a self-portrait of upper management’s racism and sexism: women sitting at secretarial desks outside fancy offices occupied by predominantly white males. According to the EEOC, as well as the recent racial discrimination class actions filed against UBS and Merrill Lynch, blacks make up between 1 per cent to 3.5 per cent of stockbrokers – this after 30 years of litigation, settlements and empty promises to do better by the largest Wall Street firms.”

Having a black man in the Oval Office and a black man in the U.S. Attorney General’s office (Eric Holder) when Obama was President helped to mollify the outrage and anger as black communities across America saw their wealth evaporate in the financial crisis of 2007 to 2010 – an era of corruption on Wall Street that has had no precedent since the late 1920s.

Instead of putting the serial predators at Citigroup in jail and letting the bank fail when it became insolvent in 2008, the Federal Reserve secretly made $2.5 trillion cumulatively in revolving loans to Citigroup, at below-market interest rates (some at less than ½ of one percent interest) for two and one-half years. And despite the Justice Department receiving multiple referrals for potential criminal prosecutions of Citigroup executives from the Financial Crisis Inquiry Commission, Obama’s Justice Department did not prosecute one Citi executive for their crimes before and during the financial crisis. And that was despite having a clear road map of corruption provided by internal whistleblowers, Richard Bowen and Sherry Hunt.

While Citi was getting this $2.5 trillion in super cheap loans from the Fed, it continued to charge high double-digit interest rates to struggling consumers on their credit cards and foreclosed on the homes of thousands of minorities who had been thrown out of work because of Citigroup and other Wall Street banks’ corruption. To keep its foreclosures out of the press, Citigroup used an alias.

Proving that the Trump administration is not an aberration in Swamp Building, the Obama administration allowed a Citigroup executive to hand pick key staff and cabinet positions, according to leaked emails. Citigroup was receiving the largest bank bailout in U.S. history at the time. No one involved in those emails has denied their veracity. See here and here.

In addition to the $2.5 trillion in revolving loans that Citigroup received secretly from the Fed (the loans were revealed in 2011 by a government audit), Citigroup also received $45 billion directly from the taxpayer under the Troubled Asset Relief Program (TARP). How does that compare to TARP money that went to help distressed homeowners that were jobless because Wall Street had collapsed the economy?

In 2017 the Government Accountability Office (GAO) released a study showing that the government had only disbursed $22.6 billion to help distressed homeowners. That compares to $16.1 trillion in revolving loans that a GAO audit revealed that the Fed had funneled to Wall Street banks and their foreign counterparts from December 2007 through July 21, 2010. (See page 131 of the GAO audit.)

In April 2017, when Senator Elizabeth Warren delivered an analysis of how Wall Street banks had conspired against wealth building by blacks, she was censored by major business media, including the Wall Street Journal, Bloomberg News, the New York Times, Reuters, the Financial Times and CNBC.

Warren’s analysis came at a symposium hosted by Howard University, a predominantly black university. Warren told her audience that communities of color had been specifically targeted for wealth stripping by Wall Street through devious means in the leadup to the financial crash of 2008. She said this was preceded by a U.S. government conspiracy against them from 1934 to 1968.

Warren, who sits on the Senate Banking committee and is the most knowledgeable member of Congress when it comes to Wall Street, revealed that within two years of the onset of the financial crash of 2008, 8.8 million American workers had lost their jobs and within three years more than 4 million homes had been lost to foreclosure. “The financial crisis wiped out as much as $14 trillion in household wealth,” Warren told the crowd. But the losses were not evenly distributed. Warren explained:

“Before the crisis, big financial institutions specifically targeted communities of color with mortgages that were full of tricks and traps, stripping wealth from families and their communities. And when the financial crisis came, those same communities of color got hit a second time with some neighborhoods nearly destroyed by the concentration of foreclosures.”

As for the federal government’s conspiracy from 1934 to 1968, Warren explained:

“There is a long and shameful history in this country of discrimination against African Americans when they try to buy homes. From 1934 to 1968, the Federal Housing Administration led the charge. In a largely segregated America, FHA actively discriminated against black families by refusing to insure mortgages for qualified borrowers in communities of color, while helping white families finance their plans to achieve the American dream.

“Its policy wasn’t a secret. It wasn’t the product of a handful of racist government officials. Nope. It was the official policy of the United States government until 1968. That’s in my lifetime. And because the Federal government had set the standard, private lenders enthusiastically followed Washington’s lead.”

Warren also cited a study in the Boston Globe which found that “the median net worth of white families in Boston is $247,000” while the median net worth for a black family “is $8.00.” That’s not a typo. Warren said “That’s something that all Americans, regardless of race, should be ashamed of.”

What is the Fed doing today to level the playing field? Absolutely nothing. In fact, it’s doubling down on its 2008 bailout policies to broaden the wealth disparities in America. The Fed is making repo loans (repurchase agreement) to the trading houses of Wall Street at 1/10th of one percent. It is making its Primary Dealer Credit Facility loans to the same trading houses at ¼ of one percent. Some of those trading houses are owned by the biggest Wall Street banks that are still charging an average of 16.01 percent on their credit cards to struggling Americans.

One of the protesters in Los Angeles on Friday night carried a handmade sign that read: “White Silence Is Compliance.” To that we would add that silence by mainstream media on what the Fed and Wall Street banks are doing today must become part of the national conversation.

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joyfuldelusionchaosvaliant · 2 years

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Science and Chemistry Classes

Toshiba: Japan's troubled megacorp

Once a symbol of Japan's advanced technology and economic power, Toshiba has been rocked by turbulence in recent years. The industrial giant dates back to 1875 when its forerunner, a telegraph factory, operated in central Tokyo. During Japan's 1980s tech boom it grew into a vast conglomerate, with businesses ranging from escalators and chip-manufacturing equipment to laptops and nuclear plants. Here AFP charts Toshiba's recent highs and lows: 2015: Profit-padding scandal Toshiba withdraws its earnings forecast in May, citing accounting problems on several infrastructure projects. An external panel finds that high-level Toshiba staff "systematically" inflated profits by $1.2 billion between 2008 and 2014, pressuring underlings to cover up weak results. The company president and other top executives resign over the ballooning scandal, as shares tank and thousands of jobs are cut. 2016: Asset sell-offs The scandal hits Toshiba at a weak point after the 2008 financial crisis and 2011 Fukushima nuclear disaster, which dealt a blow to its key atomic power division. In a scramble to recover, the company sheds businesses, but still suffers a record net loss of around $4.4 billion for the 2015-16 financial year. 2017: Westinghouse goes bust Toshiba's US nuclear subsidiary Westinghouse Electric, whose tech is used in around half the world's atomic reactors, goes bankrupt, largely owing to delays and cost overruns. Strapped for cash, Toshiba is forced to try to sell part of the family silver—its memory chip business, which accounts for around a quarter of annual revenue. The conglomerate posts a net loss of $8.8 billion in 2016/17 as it faces the humiliating threat of being delisted from the Tokyo Stock Exchange (TSE). It raises $5.3 billion in new capital with foreign activist investors rushing in, but is demoted to the TSE's second section. 2018: Mega-sale of Toshiba Memory After months of complications, the $21-billion sale of prized chip unit Toshiba Memory to a group led by US investor Bain Capital is completed. Toshiba retains a 40 percent stake in the chip business, which is renamed Kioxia. The deal is seen as crucial to keeping Toshiba afloat, even as the firm says it has bounced back into the black by ceding assets and debts related to Westinghouse. 2019-2020: Shareholder pressure Toshiba works on its financial woes and strengthens its governance, with a board composed of mostly external directors. But the group faces pressure from activist shareholders who want to see faster growth and a clearer long-term strategy. The crisis comes to a head after the 2020 annual general meeting, as some shareholders call for an independent inquiry into vote irregularities. 2021: Buyout offer Having won a return to the TSE's first section, Toshiba says it has received a takeover offer from private equity fund CVC Capital Partners. In a shock move, CEO Nobuaki Kurumatani, who previously worked for CVC, resigns. He insists his decision is not related to the buyout offer, which is later dropped. In June, the independent probe into the 2020 AGM finds that the company sought government help to prevent activist investors from exercising their proposal and voting rights. Toshiba apologises and removes two directors, but days later, shareholders vote to oust the board's chairman. 2022: Spin-off plan Toshiba announces plans in February to spin off its device segment, revising a proposal to split into three companies that was announced in November 2021 but faced stiff opposition from some investors. A shareholder vote on the two-way split is set for late March, but on March 1 the conglomerate's new CEO Satoshi Tsunakawa steps down after less than a year in the job. Tsunakawa had spoken out against taking Toshiba private in an interview with Bloomberg News the previous day, saying that splitting into two companies remained the best plan.

-Shiv Prakash (02/03/2022)

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