The Motion Picture Association and anti-piracy coalition Alliance for Creativity and Entertainment will embed their own personnel at the US Government's National Intellectual Property Rights Coordination Center. Under the umbrella of the Department of Homeland Security and Immigration and Customs Enforcement, they hope to tackle movie and TV show piracy more effectively.
From: TF, for the latest news on copyright battles, piracy and more.
Way back in the early 2000s, Data Governance wasn’t really much of a thing. There were a few really early pioneers that were doing Data Governance, and they were laying the groundwork, but governance was not a recognized capability. Companies who did see some value in Data Governance were primarily focused on the benefit to […]
The ETH Name Services organization terminated the contract of Brantly Millegan who was director of operations at ENS so let’s read further in today’s latest Ethereum news. After a controversial tweet resurfaced, the legal entity that backs the ETH Name Service terminated the contract with Brantly Millegan. He was the director of operations at ENS […]
Las Vegas police on Sunday night arrested New Orleans Saints running back Alvin Kamara on a felony battery charge stemming from an altercation that occurred Saturday on the Strip. According to a release from the Las Vegas Metropolitan Police Department, officers went to a Las Vegas hospital just before 6 pm PT Saturday. There, an […]
The Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation and weakening growth,” the British central bank’s governor Andrew Bailey told the press. Furthermore, when asked by a BBC reporter if BOE members were urging […]
Feature Engineering on text data using Natural Language Processing Techniques. This article focuses primarily on text data feature engineering. Within the same process, we will be going over the following techniques and processes: Lemmatization / Stemming Count Vectorizer One Hot Encoding Train Test Split Principal Component Analysis Some general text cleaning and null value imputation […]
Esports offer a diverse range of brand marketing touchpoints for connecting with younger generations. Buffalo Wild Wings (BWW) – a casual dining restaurant and sports bar franchise based in the United States – has successfully captured this opportunity across an esports marketing portfolio that includes: Partnership with Riot Games’ League of Legends Championship Series (LCS) esports circuit for the “LCS 10 Wing Bundle” promotion (February 2021). Sponsorship of Team Dignitas, a North American-based competitive gaming organization (2017) Partnership with Turner’s […]
Gary Gensler, head of the U.S. Securities and Exchange Commission (SEC), has alluded to the idea that Bitcoin is in competition with the American financial system and its global consensus. Speaking with former SEC Chairman Jay Clayton at the DACOM 2021 conference, Gensler said Satoshi’s original idea for Bitcoin has ultimately become at odds with […]
All change creates both challenges and opportunities. All life is change: being born, growing, learning, maturing, dying, evolving. Society is continually transforming: moving from the past to the future, building on our human history, creating new and unique manifestations of humanity. Our world is morphing: the turning of the seasons, the movement of the continents, […]
Mainland Chinese Truck Market Continues to Deteriorate, Supply
Constraints Add to Production Woes
The policy-induced pre-loaded consumption has given mainland
Chinese medium- and heavy-duty truck (MHDT) market a chill since
July, with production cutting by nearly 60% as compared with the
same period of last year. The current supply chain constraints
caused by semi-conductor and power shortages will weigh on
production activities into 2022. In our November 2021 forecast, we
expect the mainland Chinese MHDT production to further loose around
25,000 units for the second half of 2021 and 15,000 units for the
first quarter of the next year.
High inventories of China 5-level trucks remain the biggest
dragger
Owing to the OEMs' price competition, the pre-buy activity in
preparation for the China 6 emission rules were greatly amplified,
resulting in an over-storage of China 5-level trucks across dealer
channels in the first half of 2021. By the end of October,
nationwide MHDT inventories are calculated at 260,000 units, still
way higher than the typical rates of 150,000-170,000 units. Roughly
two thirds of inventories are China 5-level trucks, despite a
closure of registrations in major markets such as Hebei, Shaanxi,
and Shandong. A part of the unsaleable trucks has flowed into the
second-hand market with price depreciating up to 50%. Such price
differential, coupled with common concerns over increasing usage
cost, makes China-6 level trucks even less favorable. Although the
final chance to register a China 5-level truck is set on December
31, 2021 in some regions, the high inventory pressure will likely
deepen into early 2022 before the full clearance of new China
5-level trucks in the market.
Semiconductor shortage gets worse but under control
The global automotive semiconductor shortage has worsened by the
pandemic resurgence in Malaysia and Vietnam since the summer
months. To minimize losses under the tighter resources, some OEMs
have prioritized production to bestselling models or new models
that need to be pushed to the market, while some OEMs have placed
orders of key accounts the first in line. Moreover, there have been
cases of pausing acceptance of advanced orders because of the
uncertainty about final deliveries. As a result, the average lead
time of new trucks in most manufacturers are extended from one week
to above four weeks. The sophisticated premium models that account
for less than 10% market share suffered the most, with production
line rates almost halved for several brands. We expect the
semiconductor supply chain to stay gloomy for the coming months,
but its impacts on the MHDT production should be manageable under
sluggish sales of China 6-level trucks.
Power shortage risk may persist in the medium term
The coal supply disruption stemming from the mainland Chinese
government's energy consumption control has triggered a severe
power crunch across the nation, with more than 20 provinces
experiencing different degrees of load shedding measures since
mid-2021. Except for three northeastern provinces - Liaoning,
Jilin, and Heilongjiang where the residential sector is affected,
most provinces have kept power rationing measures within
energy-intensive industries. Some energy-intensive industries such
as aluminum, electronics, and steel are ordered to curtail capacity
by 20-30% in the second half to meet carbon reduction commitments,
posing more hurdles to automotive supply chain and industrial
freight transport. On one hand, the softening demand for China
6-level trucks has hindered truck makers to pass the inflating
producer cost on to retail prices. On the other hand, the continued
downswing in industrial output will undermine the road freight
recovery. Although the government has fine-tuned policies to ramp
up coal production and reined in coal and power prices, an upturn
is not likely to emerge until the second quarter of 2022 when the
winter heating season ends. Given the government's anti-pollution
ambitions, the supply disruption risks may sustain for quite a
while.
With de-stocking of China 5-level new trucks, we predict MHDT
inventories to rebuild from the third quarter of 2022, supporting
some improvements in production. However, the expected slowing
economy as well as economic reform measures including property
deleveraging, financial de-risking, and industrial decarbonization
will continue to act as a drag from the demand side. The recently
released State Council's guideline on antipollution campaigns which
highlight a nationwide elimination of China 1-3-level trucks by
2025 may bring a turn to the market, while its practical
enforcement and impacts remain uncertain before the issuance of
more specific measures.
Welcome back to The SaaS Playbook, a bi-weekly rundown of the top articles, tactics, and thought leadership in B2B SaaS. Not a subscriber yet? 🥤 One of the often misunderstood aspects of term sheets is liquidation preferences. These preferences give VCs the right to receive the funds they have invested before any common shareholders, such as founders, if a liquidation event occurs. That doesn’t just mean in the case of bankruptcy or winding down your company – any sort of transaction in which there is a change of control is considered a liquidation event.