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America’s Plastics Makers Support Creating Circularity for Plastics
The American Chemistry Council issued the following statement, which may be attributed to Keith Christman, managing director of plastic markets: “At the American Chemistry Council, America’s Plastic Makers® are committed to making sure all plastics packaging in the United States is reused, recycled or recovered by 2040. Advancing the U.S. recycling system and creating a more circular economy for plastics will require collaboration between resin manufacturers, converters, brands and retailers as well as waste management companies and recyclers.
read more >Dallas Federal Reserve: Recovery Continues in Texas Manufacturing
Texas factory activity expanded in August for the third month in a row following a record contraction in the spring after the onset of the COVID-19 pandemic, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, came in at 13.1, down slightly from July but still indicative of moderate growth. Other measures of manufacturing activity also point to expansion this month. The new orders index advanced three points to 9.8, and the growth rate of orders index surged more than 10 points to 11.8. The shipments index rose from 17.3 to 23.3, while the capacity utilization index inched down but remained positive at 10.9.
read more >Texas Branded a Top State for Businesses to Survive the Pandemic
A new study has found that businesses in Texas are in a good position to weather the storm that is the COVID-19 pandemic and subsequent economic challenges. The FitSmallBusiness.com ranking factored in various metrics from overall financial health and emergency reserves to even how consumers feel about their state's ability to bounce back. The researchers weighted five metrics: Economic and financial Health (20 percent); least economic stressors (25 percent); emergency reserves and relief (25 percent); COVID-19 rates and health care infrastructure (20 percent); and consumer confidence (10 percent). Based on the analysis, Texas ranked as the third best state equipped to survive the economic fallout from COVID-19. Texas ranked No. 1 in the study's emergency reserves and relief category, since the Lone Star State has the second-highest CARES Act endowment at over $10 billion.
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