Infrastructure Bill’s EV Charger Funding a Good Start, But More Needed

December 6, 2021

 
MF Business Edge
 
 
Executive Insights
 
 
Megan Fellinger
 
 
APPI image
 
 
Harbour love letters
 
Laurie Harbour
 
 
CAMMU Steel Chart
 
 
 
Premium Discounts for COVID-19 Vaccination Generally Must be Offered as Part of a Wellness Program
On Oct. 4, 2021, the departments of Labor, Health and Human Services and the Treasury Department issued FAQs addressing rules regarding premium incentives for COVID-19 vaccinations and rapid coverage of preventive services for COVID-19. As explained in a recent Pitcher Insurance Agency Inc. blog (www.pitcherinsurance.com/blog), “the FAQs clarify that a group health plan (or health insurance issuer offering coverage in connection with a group health plan) may offer participants a premium discount for receiving a COVID-19 vaccination. However, plans generally may not condition eligibility for benefits or coverage on vaccination status, and any discount must comply with the final wellness program rules.”
 
 
IHS Markit chart
 
 
Harry Moser on the Stainless-Steel Shortage
“Don’t hold out hope for the U.S. stainless steel shortage to get better until you know of new supply coming online. There appear to be no plans in the works to increase domestic production. Supply may tighten even more than we have seen. This is similar in scale to the chip shortage.”

So goes this Metal Miner guest commentary from C.J. Nord, founder of the nonprofit Supply Chains for Good, and Harry Moser, founder and president of the Reshoring Initiative. The shortage became a national concern nearly a year ago, the authors note, when ATI Metals shifted production away from Type 304 stainless steel to produce Type 316. “The ATI change took roughly 30 percent of our nation’s supply offline,” they add. “Furthermore, only about 10 percent has come back online.”
 
 
OESA’s Automotive Supplier Barometer: Acquisitions Displacing R & D
The OESA Q4 2021 Automotive Supplier Index, designed to gauge the sentiments of North American automotive suppliers, not surprisingly, finds pessimism in the wake of OEM shutdowns caused by supply-chain disruption and labor shortages.  Other findings: Terms of commercial loans and credit lines are expected to continue to tighten; 38 percent of suppliers believe they are ahead of the industry’s pace of innovation, while 28 percent feel they are behind; 41 percent of suppliers are very confident that their company will implement the needed capital investment to meet their 2022/2023 demand requirements; and, “acquisitions seem to be the new trend, displacing R&D,” says one respondent. “If you can't invent it, buy it!”
 

Copyright 2021 MetalForming magazine, All Rights Reserved.
MetalForming magazine, 6363 Oak Tree Blvd, Independence, OH 44131

You have received this message because you have requested and are receiving
MetalForming magazine, a product of the Precision Metalforming Association (PMA) or
we have had a prior business relationship with you.
To unsubscribe from future MetalForming e-mails.
To opt-out from all e-mails click here.

Industry-Related Terms: Case, E-Mail, Forming, Gauge, Lines, Scale, Stainless Steel
View Glossary of Metalforming Terms

Technologies:

Comments

Must be logged in to post a comment.
There are no comments posted.

Subscribe to the Newsletter

Start receiving newsletters.