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China Has Doubled Exports of Sanitary Towel, Tampon and Diaper to $2.3B

diapers

China Has Doubled Exports of Sanitary Towel, Tampon and Diaper to $2.3B

IndexBox has just published a new report: ‘China – Sanitary Towels, Tampons, Napkins And Napkin Liners For Babies – Market Analysis, Forecast, Size, Trends And Insights‘. Here is a summary of the report’s key findings.

China’s Exports of Sanitary Towels and Napkins

From 2013 to 2020, China doubled exports of sanitary towels, tampons, napkins and diapers to $2.3B. In physical terms, supplies from China rose from 325K tonnes to 726K tonnes during that period (IndexBox estimates).

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In 2020, the U.S. (148K tonnes), the Philippines (90K tonnes) and Australia (44K tonnes) were the main destinations of exports of sanitary towels, tampons, napkins and diapers for babies from China, with a combined 39% share of total supplies. These countries were followed by South Korea, Viet Nam, Russia, Japan, Hong Kong SAR, Venezuela, Chile, South Africa, Taiwan (Chinese) and Myanmar, which together accounted for a further 26%.

In value terms, the U.S. ($377M), the Philippines ($227M) and Australia ($123M) appeared to be the largest markets for sanitary towels, tampons, napkins and diapers exported from China worldwide, with a combined 32% share of total supplies. These countries were followed by Viet Nam, South Korea, Russia, Venezuela, Hong Kong SAR, Chile, Japan, Myanmar, South Africa and Taiwan (Chinese), which together accounted for a further 30%.

In 2020, Venezuela (+67.3% per year) saw the highest growth rate of the value of exports, while shipments for the other leaders experienced more modest paces of growth. In 2020, the average export price for sanitary towels, tampons, napkins and diapers for babies amounted to $3,122 per tonne, remaining relatively unchanged against the previous year. There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Venezuela ($5,012 per tonne), while the average price for exports to the Philippines ($2,529 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela, while the prices for the other major destinations experienced a decline.

Source: IndexBox Platform

President Biden Issues Executive Order Banning U.S. Imports of Russian Origin Oil, Gas, and Coal

On March 8, 2022, President Biden issued Executive Order 14066 which prohibits the following actions:

-The importation into the United States of any “crude oil; petroleum; petroleum fuels, oils, and products of their distillation; liquefied natural gas; coal; and coal products” of “Russian Federation origin”;

-New investment in the Russian energy sector by U.S. persons, wherever located; and

-Any approval, financing, facilitation, or guarantee by a U.S. person, wherever located, of any transaction conducted by a non-U.S. person that would be prohibited by Executive Order 14066 if performed by a U.S. person or within the United States.


The Executive Order further prohibits any transaction by anyone (whether a U.S. person or a non-U.S. person) that evades or avoids, has the purpose of evading or avoiding, causes a violation of, or attempts to violate any of Executive Order 14066’s prohibitions, as well as conspiracies to violate the prohibitions.

In a Fact Sheet, the Biden Administration stated that the Executive Order is intended to “further deprive President Putin of the economic resources he uses to continue his needless war of choice”.  A  press release from the U.S. Department of the Treasury also stated that “[t]he United States continues to take severe action to hold the Russian Federation accountable for its brutal, unprovoked invasion of Ukraine.  Treasury has targeted the infrastructure supporting President Putin’s invasion of Ukraine”.

Executive Order 14066 is immediately effective.  However, the U.S. Treasury Department’s Office of the Foreign Assets Control (“OFAC”) has issued General License 16 authorizing all transactions that are “ordinarily incident and necessary to the importation into the United States” of certain products of “Russian Federation Origin”, if performed pursuant to written contracts or written agreements entered into prior to March 8, 2022.  The products of “Russian Federation Origin” authorized for import into the U.S. under General License 16 are:

-Crude oil;

-Petroleum;

-Petroleum fuels;

-Oils, and products of their distillation;

-Liquified natural gas; and

-Coal products.

General License 16 will remain effective until April 22, 2022, at which time all such transactions will be fully prohibited.  General License 16 does not  authorize any other actions that are prohibited under the existing Russian Harmful Foreign Activities Sanctions Regulations or transactions with persons who are otherwise subject to blocking sanctions unless such actions or transactions are separately authorized by OFAC.

OFAC also issued new Frequently Asked Questions (FAQ) guidance and updated existing FAQ guidance in order to clarify certain aspects of the Executive Order.  Among other things, these FAQs establish definitions for the terms “Russian Federation origin”, “new investment in the energy sector in the Russian Federation” and “energy sector”.  The FAQs also clarify that the Executive Order’s prohibitions do not extend to products that are not of Russian Federation origin “even if such products transit through or depart from the Russian Federation”.

Additionally, U.S. Customs and Border Protection (“CBP”) issued Cargo Systems Messaging Service Number 51260049 indicating that it will “be requiring filers of entries or admissions to Foreign Trade Zones for shipments of [the Russian Federation origin banned products] to provide purchase orders and/or executed contracts and/or any other documentation showing when the order and/or contract went into effect” through the expiration of General License 16 on April 22, 2022.  CBP also stated it will require the documentation prior to unlading and it “should include conveyance information, bill of lading number(s) and entry number(s) or FTZ admission information.”

Anyone reviewing Executive Order 14066 should also be aware of the significant sanctions and export controls that the U.S. government imposed on Russia prior to Executive Order 14066.

_____________________________________________________________________

Grant Leach is an Omaha-based partner with the law firm Husch Blackwell LLP focusing on international trade, export controls, trade sanctions and anti-corruption compliance.

Cortney O’Toole Morgan is a Washington D.C.-based partner with the law firm Husch Blackwell LLP. She leads the firm’s International Trade & Supply Chain group.

Tony Busch is an attorney in Husch Blackwell LLP’s Washington, D.C. office and is a member of the firm’s International Trade & Supply Chain practice team.

integrate logistics automation freight

The emergence of logistics platform

Since the start of the pandemic in early 2020, the logistics supply chain industry began to experience difficulties. Due to the air traveler restrictions in most countries, air transport was the first to reduce their normal scheduled flights which disrupt air transport shipments. Then, ocean transport experienced its own set of problems; vessels had to berth longer out of the ocean since ports were operating at half capacity because of the alternating work schedule of its workers. Problems worsened with an increased demand of containers capacity by Asian manufacturers due to an explosive demand by e-commerce. As a result, ocean liners were not quick enough to return empty containers back to Asia, which created a supply chain backlog and a price increase to the industry.

The International Trans-Pacific Ocean freight charges significantly increased over the last two years. For example, the cost of moving shipment from South East Asia regions cost $3,000 USD/container to the US. It gradually increased every other month and reached $11,000 USD/container by December of 2020, an increase of more than 300% in over a year. The cost reached $16,000 to (US-West Cost) and $19,000 to (US-East Coast) in main ports by December 2021. An inland transport to the final destination, for example, Atlanta, costs $26,000/container. Imagine, a container that has 1,000 items from Asia to the US with a transport cost of $3.00 had become $26.00/ item. It is why inflation has been unusually high.


 

The logistics company (transporter) has been operating an offline business method for decades. Operating business in an offline environment makes operation and administration slow, expensive and non-transparent. Quotations given by transporters listed too many itemized charges, making it difficult for shippers to analyze. Charges at origin and destination varies among transporters. Shippers who want to get five quotations must make inquiries to five different local transporters, requiring about 2-3 days for one quotation to be delivered. Companies using an offline business method lack efficiency and are far behind those who have adapted to technology. We are now living in an online world where platform news, social communication and shopping is done in an instant, and businesses should use a technology platform to its advantage.

Shippers who participate in Logistics Platform would be able to analyze available transporters at Origin and at Destination. Logistics service information is properly displayed and all questions can be answered directly by transporters with the chat feature in the platform. With just a few clicks, shippers will be able to confirm shipments to transporters with transparent detailed services: pricing, schedules, document requirements at origin and at destination. Once the shipment is accepted by transporters, work-order and reminder note are issued by the platform to alert everyone involved. A shipper that paid $26,000 from Jakarta to Atlanta in an offline environment, would only pay $22,500/container in platform business model.

Internet technology is an important factor in our daily lives. The relationship between transporters and their shippers is now more interactive with direct communication. A platform with its embedded algorithm into digitalization would speed up and minimize transporter manual operation and paper administration. The status of delivery in Bangkok can be instantly viewed by the Shipper in Amsterdam. The identity of the truck and driver is available for shippers in Tokyo to track before shipment is released. Digital Proof of delivery in Los Angles is transmitted to the transporter in San Francisco to speed up invoicing and confirmation of acceptance by Shipper. Warehouse space becomes easily searchable with the selection of available warehouse operators where the platform operates. Decision-making is faster with less human involvement and operation becomes simpler.

We are now able to do almost everything using our smartphone, and it has become our identity and trusted 24/7 companion. Any individual with a smartphone can create products and sell online from every corner in the world. There are now more individuals who have joined Global Digital Market as either Buyer or Seller, driving the demand of logistics services. A platform that fits into the Business-Consumer trend will open up new channels and bridge the transition from traditional systems would attract many followers. The integration of the Logistics Industry with Internet Technology will be beneficial for all parties involved. With no barriers, shippers in Jakarta able to make a seamless transaction to select transporter at Jakarta and at Atlanta via smartphone or computer in just a few clicks. Companies that fail to catch up with Digitalization and Automation will lose out their Development Growth to connect the Online World, which demands direct interaction, competitive pricing and consolidated services.

apple juice

European Concentrated Apple Juice Imports Dropped Twofold over the Past Decade

IndexBox has just published a new report: ‘EU – Concentrated Apple Juice – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In 2020, concentrated apple juice imports in the EU dropped twofold after peaking in 2007, from $1.2B to $0.6B. In physical terms, imports fell from 808K tonnes to 463K tonnes over this period. Germany represents the main European importer of concentrated apple juice, accounting for 34% of total import volume in the EU. Austria and the Netherlands, with a further combined 25%-share, follow Germany. From 2007 to 2020, Germany, Austria and the Netherlands recorded a slump in the value of imports.


 

Concentrated Apple Juice Imports in the EU

Concentrated apple juice imports dropped to 463K tonnes in 2020, reducing by -13.7% compared with 2019 figures. In value terms, concentrated apple juice imports estimated at $584M (IndexBox estimates) in 2020.

In value terms, European concentrated apple juice imports dropped twofold, from $1.2B in 2007 to $0.6B in 2020. In physical terms, imports reduced from 808K tonnes to 463K tonnes during this period.

Germany represented the major importer of concentrated apple juice in the EU, with the volume of imports reaching 158K tonnes, which was approx. 34% of total imports in 2020. Austria (58K tonnes) occupied a 13% share (based on tonnes) of total imports, which put it in second place, followed by the Netherlands (12%), France (11%) and Poland (11%). Ireland (20K tonnes) and Denmark (10K tonnes) followed a long way behind the leaders.

In value terms, Germany ($209M) constitutes the largest market for imported concentrated apple juice in the EU, comprising 36% of total imports. The second position in the ranking was occupied by the Netherlands ($73M), with a 12% share of total imports. It was followed by Austria, with a 12% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Germany totaled -6.9%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (-3.6% per year) and Austria (-8.8% per year).

The concentrated apple juice import price in the EU stood at $1,262 per tonne in 2020, jumping by +19% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Denmark ($1,397 per tonne), while Ireland ($572 per tonne) was amongst the lowest. From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform 

bicycle

European Bicycle Imports Peak at $3.6B

IndexBox has just published a new report: ‘EU – Bicycles And Other Cycles (Not Motorized) – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.

European bicycle imports grew from $3.4B in 2019 to $3.6B in 2020, while in physical terms, imports slightly decreased by -3% y-o-y to 14M units. The supplies to the Netherlands, Germany and France comprise 58% of bicycles imported in the EU, while Austria recorded the highest import value growth last year. In 2020, the average bicycle import price in the EU grew by +3.9% y-o-y to $262 per unit.


 

Bicycle Imports in the EU

Bicycle imports in the EU dropped slightly to 14M units in 2020, decreasing by -3% in 2019. In value terms, bicycle imports grew from $3.4B in 2019 to $3.6B (IndexBox estimates) in 2020.

The Netherlands (3.5M units), Germany (2.7M units) and France (1.9M units) represented roughly 58% of total imports of bicycles and other cycles in 2020. They were distantly followed by Spain (1M units), which accounted for 7.2% of total imports. Poland (597K units), Austria (472K units), Sweden (469K units), Italy (456K units), Belgium (392K units), Denmark (352K units), the Czech Republic (280K units), Finland (263K units) and Ireland (233K units) followed a long way behind the leaders.

In value terms, the largest bicycle importing markets in the EU were Germany ($791M), the Netherlands ($768M) and France ($438M), together comprising 55% of total imports. Austria, Spain, Belgium, Italy, Sweden, Denmark, the Czech Republic, Poland, Finland and Ireland lagged somewhat behind, together accounting for a further 38%. In terms of the main importing countries, Austria (+86.4% per year) saw the highest growth rate of the value of imports last year.

In 2020, the bicycle import price in the EU amounted to $262 per unit, picking up by +3.9% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Austria ($567 per unit), while Ireland ($156 per unit) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform 

emissions

Helping the World is Good for Business

There aren’t many times in any industry when going the extra mile to do the right thing is actually really good for business too. But it does happen.

Skeptical? You’re not alone. After two years of juggling, pivoting, problem solving, reimagining and then doing it again – all of which have drained energies and operational budgets – any transportation logistics executive in charge of budgeting, could be forgiven for taking a hard line on non-essential expenditures.

Proactively protecting the environment? That’s a must-do for every industry, but it’s low on a priority list that has been exclusively focused on finding and retaining carrier capacity and keeping the flow of goods moving across the country and around the world.


 

As we all continually re-examine ways to cut costs and realize even greater operational efficiencies, improving environmental protocols – and reducing C02 emissions specifically – presents a rare win-win dynamic in which operations leaders can preemptively align around incoming regulations, optimize network efficiencies and reduce C02, an increasingly problematic contributor to greenhouse gasses (GHG’s) and overall environmental impact. If all of that sounds a little like having your cake and eating it, you’re not wrong. Let’s dig in, get some broader perspective and take a closer look at the issues and strategic steps to lowering emissions and raising profits.

The Global Perspective: efforts to reduce emissions

Protecting the environment seemed more an extreme activist position a few decades ago but it’s rightly now a global perspective – and with good reason. The Paris Accord – an agreement by countries around the world to reach net zero carbon emissions by 2050 – mandates a target of no more than a 1.5 degree Celsius change in global temperature beyond pre-industrial levels. According to Stanford University, as of March 2021, 64 countries signed the agreement but the race is on. While pandemic lockdowns and other confinement measures cut global emissions by 2.6 billion tons of CO2, about seven percent below pre 2019 levels, experts say that level of control cannot be maintained and the world is on track to increase global temperature by 3-5 degrees Celsius by the end of the century: a world-changing problem.

The good news is that change is being affected at the global, national, corporate and individual levels. Or at least initiatives are in place to fast track new behaviors. At the international level, 27 countries have implemented a carbon tax, imposing fees on industries for carbon emissions in an effort to incentivize a switch to improved practices and both green technologies and power sources. Pro-tax countries include Argentina, Canada, Chile, China, Colombia, Denmark, the European Union (27 countries), Japan, Kazakhstan, Korea, Mexico, New Zealand, Norway, Singapore, South Africa, Sweden, the United Kingdom, and Ukraine. Others considering joining include Brazil, Brunei, Indonesia, Pakistan, Russia, Serbia, Thailand, Turkey, and Vietnam. In addition, 64 carbon pricing initiatives are currently in force across the globe on various regional, national, and subnational levels, with three more scheduled for implementation, according to The World Bank. Together, these initiatives have been estimated to cover 21.5% of the global greenhouse gas emissions in 2021.

A gradual shift to renewable energy worldwide is also underway with solar-generated power leading the way. While coal and gas still account for around 60% of the world’s energy, renewable forms of energy production are growing fast. According to Earth.org, worldwide solar power production has grown 25% year-on-year with overall renewable energy now accounting for 29% of the global power supply and the first countries, like Iceland, being close to 100% renewable-energy-powered. This pace of change will pick up, but it’s also going to require the major industries that generate large amounts of C02  – for example manufacturing and livestock-based meat production – as well as other private sector companies and every team within them – to affect change from the top down and bottom up. While the earth’s agriculture goliaths tackle damaging methane gas emissions (9.6% of all U.S. greenhouse gas emissions), a society-wide movement is beginning, with the adoption of consumer and coming commercial electric vehicles, single use plastics, ride sharing and plant-based food production.

The C-Suite Perspective: targeting the supply chain and improving visibility

While all of that is tremendously encouraging and needed, corporate America and its global counterparts are being asked to do more. Forbes reports leaders now recognize the need for their companies and organizations to drive more proactive environmental change through C02-limiting practices across the organization but particularly in relation to the supply chain. According to the Environmental Protection Agency (EPA), company supply chains now account for a staggering 90% of an organization’s greenhouse gas (GHG) emissions.

While changes to other emissions-reducing strategies, including business travel practices, electric vehicles and renewable energy use, all help corporations lower their carbon footprint, tackling supply chain emissions from manufacturing to the transportation, handling and management of goods is the single greatest impact generator for many businesses. Kevin Sneader, global managing partner, McKinsey & Company hits the nail squarely on the head about exactly what’s needed to affect this level of network-wide change:

“While there wasn’t much debate about the science [of necessary reduction of C02 emissions], executives and investors were concerned about the lack of reliable data on the efforts companies and society are making, not to mention their impact. Greater clarity is required in order to speed development of new standards to help markets act more efficiently and reward progress.”

The answer lies, as with many operational efficiencies initiatives, in clear access to data across your supply chain operation. How much C02 is being emitted at any given time? What are the major causes, modes or geographies and other contributing variables? Only by tracking this data, by embedding an enterprise-wide approach to ongoing C02 monitoring, can we build effective strategies to manage and reduce emissions and realize greater efficiencies at the same time. This is especially critical post global pandemic as many industries re-set and examine better practices to mitigate risk and manage challenges.

Creating Sustainability Practices in Transportation Logistics

When it comes to creating sustainable practices in logistics transportation, the great news is that the train has already left the station. Meaning shippers are already organically looking for better ways to improve execution and lower costs. And typically those changes – optimizing network and mode, carrier/LSP selection via advanced routing as well as packaging strategies to reduce dimensional weight and trim cost – will all contribute to emissions reduction. The challenge, of course, comes in how to measure any impact from these actions as part of an overall carbon reduction program.

How do we begin thinking about C02 monitoring and measurement? How do we acquire quantitative proof of progress or KPI’s that can demonstrate we’re delivering against our footprint- reduction goals? Measurement needs to include everything from the role warehouse management, packaging, product sourcing all play in emissions as well as, of course, the movement of inbound materials or inventory delivery and outbound transportation of goods across mode, region and geography.

Tracking CO2: Supporting a Broader Sustainability Initiative

As we set about to review sustainable practices within an operation, it’s a good idea to adopt a broader view of sustainability. Yes, transportation will be a major driver of C02 emissions and require monitoring, but let’s review other contributing factors too. Do your carriers across your network practice emissions-reduction strategies? Things like load consolidation, which will typically lower cost per unit weight, reduce your number of shipments, reduce fuel needs and lead to an overall reduction of C02. If they’re not using basic emissions-reduction practices or considering doing so, it may be time to find new carriers.

Unfortunately, there is no global standard to measure CO2 in relation to transportation logistics which makes comparison across the industry extremely difficult at present. In the United States, the EPA’s Smartway program is attempting to standardize CO2 coefficients but not all companies have adopted a single source of CO2, nor a common definition as it relates to transportation logistics. Until this happens, the best course of action is internal measurement: consistently monitoring and measuring across your operation and benchmarking emissions- reduction against your own goals and initiatives to affect them. Only by doing this and having the data-driven proof points can we set new goals as well as broader sustainability targets that can all be reported to customers, partners, investors and other stakeholders.

It’s All About Data: FAP’s Role in CO2 Measurement

Visibility is the key to delivering on your targets for sustainability and emission reduction, and that can only come from data collection, curation and analysis. Two fundamental components for measuring CO2 emissions in transportation logistics are weight and distance. How large and heavy are my goods? How far and by which means do they need to travel, what’s the fuel required and how efficient is consumption? A good quality Freight Audit and Payment (FAP) system tracks weight and lane, which can help calculate distance, plus additional variables, making it a foundational step and required tool for any CO2 measurement and reduction effort.

While there is no single source or method to deriving CO2 yet, distance, weight, and mode of transportation are all key fundamental elements that support the calculation of CO2 related to transportation logistics. The bottom line is that by combining these input values with CO2 coefficients, it’s possible to calculate the CO2 associated with any shipment, regardless of mode of transport and geographic region.

A natural place to begin is where carbon emissions reduction has a material impact (transportation logistics) and where transportation spend management data is available (historical record of shipping activity with specific distance, weight, mode of transport available).   Dashboards and trends along with KPIs for both cost to serve metrics (cost per unit, cost per shipment, cost per unit weight) and carbon emissions (CO2 by lane, by LSP) create awareness and can be used to establish baselines and alignment for both carbon reduction and transportation spend optimization. This same dashboard can be used by logistics, procurement, operations management, and executives to align on, and report, progress at all levels of the organization at any given time.

Getting the Most from Your KPI’s

According to Forrester, 59% of all companies worldwide now follow data-driven strategies and that number is growing as even small-to-medium sized organizations realize the benefits of data analysis. As you build your sustainability protocols and measurement practices to get the most from your KPI’s, two things are important.

Continuous Process Improvement

Set goals and use appropriate KPI’s and influencers (cost per unit of distance, CO2 per unit of distance) which will deliver ongoing process improvements: proper supplier and LSP management across your operation as well as more informed decision making for everything from mode of transportation and packaging choice all the way to corporation level decisions around emissions control strategies.

Optimized Strategies

Build carbon emission reduction strategies into your overall optimization strategies. They’re one and the same. Putting in place operational changes to improve efficiencies will reduce emissions. Setting emissions reduction goals will necessitate changes that improve efficiency. And consistent, standardized and high quality data is essential for both.

Do both of these things: continually drive improvement across every process and embrace data- driven decision making to optimize strategies, and you’ll put in place the steps and tools to not just lower C02 emissions, but related operational costs too.

___________________________________________________________________

Steve Beda is executive vice president of customer solutions for Trax Technologies, the global leader in Transportation Spend Management solutions. Trax elevates traditional Freight Audit and Payment with a combination of industry leading cloud-based technology solutions and expert services to help enterprises with the world’s more complex supply chains better manage and control their global transportation costs and drive enterprise-wide efficiency and value. For more information, visit www.traxtech.com.  

zirconium

China Strengthens Leading Position in Global Imports of Zirconium Ores and Concentrates

IndexBox has just published a new report: ‘World – Zirconium Ores and Concentrates – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The global zirconium ore and concentrate market soared by +16% y-o-y to $2.4B in 2020. China, Australia and the U.S. lead global zirconium ore and concentrate consumption, with a combined 78%-share of the total volume. China prevails in global zirconium concentrate imports, steadily increasing the volume of purchases over the last decade. In 2020, the world average import price for zirconium ores and concentrates amounted to $987 per tonne, rising at an average annual rate of +1.1% over the past ten years.


 

Global Consumption of Zirconium Ores and Concentrates

The global zirconium ores and concentrate market soared to $2.4B in 2020, increasing by +16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, indirect taxes and intermediaries’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.2% from 2010 to 2020.

The countries with the highest volumes of zirconium ores and concentrates consumption in 2020 were China (1.2M tonnes), Australia (711K tonnes) and the U.S. (98K tonnes), together comprising 78% of global consumption. These countries were followed by Spain, India, Senegal and South Africa, which together accounted for a further 10%.

In value terms, China ($976M), Australia ($529M) and the U.S. ($155M) constituted the countries with the highest levels of market value in 2020, together accounting for 70% of the global market. These countries were followed by Spain, India, Senegal and South Africa, which together accounted for a further 14%.

In 2020, the highest levels of zirconium ores and concentrates per capita consumption was registered in Australia (28 kg per person), followed by Senegal (3 kg per person), Spain (2 kg per person) and South Africa (1 kg per person), while the world average was estimated at 0.33 kg per person.

Global Imports of Zirconium Ores and Concentrates

In 2020, supplies from abroad of zirconium ores and concentrates decreased by -8% to 1.5M tonnes, falling for the second year in a row after two years of growth. In value terms, zirconium ore and concentrate imports shrank markedly to $1.5B (IndexBox estimates) in 2020. Overall, total imports indicated a mild expansion from 2010 to 2020: the value increased at an average annual rate of +0.5% over the last decade.

China prevails in zirconium concentrate import structure, resulting in 1.1M tonnes, which was approx. 72% of total imports in 2020. It was distantly followed by Spain (101K tonnes), generating a 6.7% share of total imports. India (56K tonnes), Malaysia (35K tonnes), Italy (35K tonnes) and the U.S. (24K tonnes) held a minor share of total imports.

From 2010 to 2020, the average annual growth rates of zirconium ore and concentrate imports into China stood at +4.0%. Over this period, China increased its imports from 732K tonnes to 1.1M tonnes. From 2010 to 2020, China (+21 p.p.) significantly strengthened its position in zirconium ore and concentrate imports.

Malaysia (+6.3%) and India (+1.8%) also displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer globally, with a CAGR of +6.3% from 2010-2020. Meanwhile, the U.S. experienced a relatively flat trend pattern. By contrast, Spain (-3.6%) and Italy (-9.9%) illustrated a downward trend over the same period.

In value terms, China ($869M) constitutes the largest market for imported zirconium ores and concentrates worldwide, comprising 59% of global imports. The second position in the ranking was occupied by Spain ($142M), with a 9.6% share of global imports, and it was followed by India, with a 5.3% share.

In 2020, the global average import price for zirconium ores and concentrates amounted to $987 per tonne, declining by -9.5% against the previous year. Over the period under review, import price indicated a modest increase from 2010 to 2020: its price increased at an average annual rate of +1.1% over the last decade.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the U.S. ($2,000 per tonne), while China ($1,000 per tonne) was amongst the lowest. In 2020, the U.S. attained the most notable price growth rate, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

sensor

3 key trends bolstering current sensor market share through 2027

The global current sensor market value is expected to register commendable expansion over the forthcoming years, impelled by the rising demand for magneto resistive technology across various regions. The technology offers high-end specifications comprising low output noise, core-less architecture, high linearity, and low hysteresis. It is extensively deployed in the energy/utility sector, owing to high sensitivity, reliable performance, and design flexibility in harsh operating conditions.

Impelled by these factors, current sensor market size is estimated to surpass a valuation of USD 3 billion by 2027, as stated by the latest research conducted by Global Market Insights, Inc.

Numerous current sensor companies, including TDK Corporation, Allegro MicroSystems, Infineon Technologies AG, Silicon Laboratories, Honeywell International, Aceinna, and others, are focusing on the adoption of strategic moves such as mergers, acquisitions, and product developments for consolidating their position in the market.


For instance, in October 2021, Infineon Technologies AG launched its XENSIV TLE4972 automotive current sensor, which makes use of the company’s well-proven Hall technology for stable and precise current measurements.

Quoting another instance, in September 2021, Hioki rolled out two new products, comprising an AC/DC sensor and a power analyzer. The solutions have been designed for ensuring the efficient and safe use of energy via accurate electric flow measurement in wind & solar power-generation equipment.

Here are some pivotal trends that are expected to influence current sensor industry expansion over the ensuing years:

Rising demand for UPS & SMPS

The market revenue from UPS (Uninterrupted Power Supply) & SMPS (Switched-Mode Power Supply) applications is anticipated to escalate at a CAGR of 7% between 2021 and 2027. This rise is majorly impelled by the surging demand for high-speed broadband connections and cloud-based services in data centers.

Different current sensor types help in the improvement of UPS and SMPS in an efficient manner by limiting the flow of reverse current in systems, while enhancing safety. The technology has advanced from conventional large sizes to compact rack systems for data centers.

Increasing adoption of e-mobility across Europe

Rising formulation of strict safety and emission regulations is encouraging the adoption of e-mobility in Europe, boosting current sensor industry outlook in the coming years. Citing an instance, the EC (European Commission) has set an aggressive CO2 emission reduction target for the transportation industry through 2050. The sector, therefore, anticipates a high penetration of EVs between 2030 and 2050.

Key automotive OEMs in the region, comprising Audi, BMW Group, PSA Group, and others, are focusing on the development of advanced automotive safety systems, comprising ADAS and self-driving cars. Owing to these aspects, Europe current sensor market value is estimated to register a CAGR of 5.5% from 2021 to 2027.

Expanding product deployment across the telecommunication sector

The telecommunication segment accounted for nearly 10% of the market revenue in 2020 and is estimated to exceed a CAGR of 5% through the estimated period. This rise is attributed to the escalating integration of 5G technology in developing countries comprising South Korea, Argentina, India, and China, among others.

The increasing demand for continuous internet connectivity and escalating data traffic owing to the remote working trend is forcing telecom operators in the upgradation of their network infrastructure, augmenting industry size in the near future.

In a nutshell, the soaring adoption of hybrid and electric vehicles at the global level will spur current sensor market size over the anticipated period.

Source: Global Market Insights Inc.

logistics

Third-Party Logistics Providers Need Data Analytics to Save Money

Logistics data analytics can provide an invaluable competitive edge to third-party logistics (3PL) providers. 3PLs face a rapidly changing market. Supply chain disruptions and the rapid growth of e-commerce mean they must be ready to adapt if they want to continue providing high-quality services for their customers.

Data analytics allow 3PLs to uncover new insights to improve decision-making and provide cost savings.

How 3PLs Can Leverage Logistics Data Analytics

Today, businesses of all kinds have access to more information than ever — and a range of analytics tools that can extract deep insights from large data sets.

Almost any business can benefit from data analytics, but 3PLs are in a particularly good position to use these tools. These companies can secure a few significant advantages by using them.

1. Improved Risk Management

Modern 3PLs face various risks. The right data makes it easier to take a proactive risk management approach, making better decisions regarding carrier selection, freight tenders and the business partnerships the 3PL will establish.

Better data can also make it easier to identify potential risks and their potential impact. Identifying these threats can make a proactive risk management approach easier to implement and more effective — potentially providing significant cost savings.

Some 3PL tools even utilize advanced technology like AI to improve supply chain resilience and risk management. 3PLs can use them to uncover insights that less advanced analytics technology wouldn’t be able to find — securing a valuable competitive advantage.

2. Lower Transportation Costs

Data collected from the supply chain can make it easier to visualize and manage daily operations. 3PLs can use data dashboards and similar tools to centralize the information they gather and provide it in an easy-to-understand format for managers, supply chain specialists and key decision-makers.

3PL team members can then more easily track key KPIs — like cost per unit, order accuracy and processing time. Analytics tools will also help the 3PL identify relationships between business practices and these KPIs, making it easier to spot operational bottlenecks and inefficiencies.

3. Stronger 3PL-Client Relationships

Data from the supply chain and logistics operations can make it much easier to analyze and respond to changes in the global supply chain market. This information can also make 3PLs a better business partner to their clients. The right shipping and logistics analysis allows a 3PL’s associates to secure a valuable competitive advantage.

One recent study of the 3PL market found that interest in robotics and data analytics is rising fast among shippers. More 3PLs are adopting data analytics technology, and these tools may become critical for strong client relationships. Clients may look elsewhere if a business can’t offer a tool its competition can.

Data Analytics Can Provide Major Cost Savings

Many of the advantages data analytics provide can help 3PLs save time and money. Managing risk reduces the chance that an unforeseen hazard will cost a 3PL significant resources.

Lower transportation costs can reduce one of the biggest expenses for a 3PL — and allow the company to pass cost savings on transportation to its clients.

Better relationships with clients can provide steadier business for a 3PL, potentially decreasing costs associated with marketing and client relationship management.

3PL Data Analytics in Practice

Various 3PL data analytics approaches exist. These data analytics strategies offer benefits throughout an organization by providing workers with better information that can streamline operations or be passed onto business partners and clients.

Supply Chain Visibility and Transparency

Low supply chain visibility can make accurate predictions about availability, shipping times and processing speed much more difficult.

New data-collection and organization tools allow 3PLs to develop a much deeper understanding of how products are moving through the supply chain and how effectively current shipping partners are managing their operations.

Supply chain management tools may also lay the foundation for IoT-powered tracking and transparency. The right Internet of Things (IoT) tracking devices will let 3PLs monitor goods continuously as they move through the supply chain. These devices can provide information about a shipment’s current location, speed and shipping conditions.

This information can make it easier to track goods and predict shipping speed or delivery timing.

IoT supply chain monitoring may be especially valuable for 3PLs that offer cold chain management services. The same IoT device can track a shipment’s current location and temperature. It can immediately alert drivers and managers of an excursion, allowing them to respond quickly to prevent product spoilage.

Data-Driven Resource Planning

Enterprise resource planning (ERP) is an essential investment for any 3PL. It makes it much easier for managers to effectively understand and react to the business’s current resource planning needs.

Resource planning tools — along with software like warehouse management systems (WMS) and contact management systems (CMS) — can make managing essential business resources much easier.

These systems can also automate many administrative processes, like the generation of customer reports, helping to streamline client communication and business management.

KPI Dashboards and Data Visualizations

New data analytics tools allow 3PLs to centralize and organize information by using data dashboards. For example, KPI dashboards can provide managers and executives with a snapshot of current operations, performance and overall business health.

Strategic inventory dashboards can offer a real-time view of how inventory moves through the supply chain, making it easier to identify possible process issues.

Most logistics data analytics tools marketed to 3PLs offer a great deal of customization, so these tools can be adapted to fit the organization’s needs. They can provide information on different KPIs, prioritizing certain types of data and generating customized reports for clients, business partners or regulators as needed.

Using Logistics Data Analytics to Save Money in a Changing Market

The right analytics tools allow 3PLs to streamline their operations, save money and build stronger client relationships. Data dashboards, supply chain visibility tools, and systems like ERPs or WMSs can make it much easier to manage essential processes, automate work and make more informed decisions.

Early adopters of data analytics will secure a competitive advantage over other 3PLs, making them a more valuable investment for their clients.

Rising regulatory approvals to drive bioglass fiber market expansion in Europe

Over the recent years, an extensive array of bioglass benefits including good osteostimulativity, osteoconductivity, mechanical strength, and degradability have been instrumental in unlocking critical growth opportunities for bioglass fiber market players across the orthopedics application. Upon implantation into the body, these products effectively reinforce the bonding between hard and soft tissues, promote the formation of dense HA (hydroxyapatite) layer on the surface, and rapidly combine with bone tissue for inducing and accelerating the process of bone growth.

These properties of bioactive glass have propelled an increase in studies pertaining to BG application in numerous orthopedic areas comprising BG bone cement, BG nanoparticles, BG coating, BG nanofibers, drug and biological factor-load BG, BG scaffolds, injectable BG-based hydrogels/pastes, metal ion-loaded BG, and others. Similar initiatives are expected to augment bioglass fiber market size, which is anticipated to surpass USD 15.3 million by 2027, according to Global Market Insights Inc.

Here are a few key trends that are slated to stimulate the business landscape in the near future:

Rising demand for borate-based glass and glass ceramic products

While the market revenue from borate-based glass is estimated to exhibit a CAGR of 9% through the estimated period, the glass ceramic segment is expected to account for an appreciable valuation through 2027.

This growth can be attributed to the mounting adoption of glass ceramics in dental care products including corrosion inhibitors and filler materials. Optimum bone-grafting ability and good biocompatibility are additional factors expected to push product demand over the coming years.

Growing research activities pertaining to dental application

Numerous organizations are taking a keen interest in conducting research initiatives centered on the applicability of bioglass fiber in the field of dental care. One such study, published in May 2021, aimed at investigating the bioactivity and cytotoxicity of a novel nanocomposite containing nBGs (nanoparticles of bioactive glass) on human dental pulp stem cells (hDPSCs).

The research found that the use of nBG/BD not only enabled hDPSC proliferation and attachment but also escalated the expression of ALP in mineral-producing cells. The findings are slated to create opportunities for the deployment of nBG/BD in vital pulp therapies.

Europe bioglass fiber market: Increasing number of product approvals to drive business landscape in the region

The European region has recorded an upsurge in the approval of newly developed products by regulatory bodies across various countries. For instance, in May 2021, Prosidyan, Inc., secured two CE Marks for its FIBERGRAFT BG Morsels, FIBERGRAFT BG Putty GPS, and FIBERGRAFT BG Putty. Made from proprietary micro- and nano-sized bioactive glass fibers, the FIBERGRAFT substitute provides numerous advantages such as optimized rates of resorption, high surface area, and direct connectivity.

Steps taken by leading industry players: A brief overview

Major companies in the bioglass fiber industry comprise Mo-Sci Corporation (The Heraeus Group), Vetra Biomaterials, Corbion Biotech, Inc., Prosidyan, Inc., ETS Wound Care LLC., and others. These participants are depicting a greater inclination towards the implementation of strategic initiatives including collaborative agreements, mergers, and acquisitions for consolidating their position in the market.

For instance, in September 2021, The Heraeus Group acquired ETS Technology Holdings LLC and Mo-Sci Corporation. The move strengthened the group’s healthcare and medical technology portfolio, which comprises market leadership in the supply of medical devices and components.

In a nutshell, the increasing product adoption across healthcare systems in developed countries, owing to multiple benefits such as voluntary funding, government schemes, and attractive medical insurances, is expected to bolster bioglass fiber market share through the forthcoming years.