L@B Brief - August 2022
30 August 2022
Hello again,
It’s been reported this week that export credit payouts have hit a record high as the effects of the pandemic emerge. Berne Union, the association for the export credit and investment insurance industry says members paid just over USD 9 billion in claims in 2021, 17% higher than pre-pandemic levels in 2019. The growth in medium/long term export credit payouts are highly concentrated in the transportation sector which accounts for over 50% of total but the Union is predicting a more restricted market and tightened pricing overall if the current geo-political issues are sustained.
Like other economic indicators, this suggests that we will all be working harder just to maintain income even while we grapple with other sudden and unwelcome changes.
Meanwhile, the record temperatures this summer seem to have taken us over the tipping point at which people are starting to believe that significant and unwelcome changes in our climate are imminent and companies are starting to take their climate change obligations seriously.
The next conference in March 23 will have contributions from Merck and Astra Zeneca on their new sustainability requirements of our members and how they will be imposed and information on help available from GAMBICA to begin your journey to net zero. It’s also an opportunity to get together and find out how your peers are managing the current issues. A problem shared is a problem halved so I’m looking forward to seeing you there.
Toodle pip!
Jacqueline
To download a pdf of August's L@b Brief, click here
To download the August Standards Bulletin, click here.
Also in this month's issue...
Randox contracts criticised by Public Accounts Committee... GAMBICA to produce interim salary data to help those facing an influx of pay rise requests... Electric cars as a staff retention tool... UK starts dispute process over Horizon Europe... Plastics packaging tax ignored?.. What support does the environmental monitoring sector need?.. Customs Declaration Service replaces CHIEF from October 1st 2022 for imports... PCI Pharma Services announces multi-million expansion to UK facility... Over 600,000sq ft life science space let up to June 2022... Recovery loan scheme extended for 2 years... Government’s climate strategy ‘unlawful’... Biosimilars – key focus for research... Herbicide identified as having role in Alzheimer’s development... Questions and Answers... Upcoming GAMBICA events... Events... Government blocks export of tech to China... Chinese developers in ‘survival mode’ as new starts slump 45%... Dublin’s new children’s hospital 71% complete... Over-compliance with unilateral sanctions can impact on legitimate business says UN... Mandating of EORI numbers in SPIRE... Martel Instruments offers easy route to connectivity for lab instruments