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The Nett Report - June 26, 2020

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Welcome to the seventh 2020 edition of The Nett Report. Given the uncertainty of the coronavirus crisis, we are publishing this report to provide value to our clients and friends. We hope to provide new perspectives and insights in hopes of stimulating your creative thinking in the weeks and months to come. Feel free to share with friends! Links to the first six 2020 reports can be found below.


The commonality between a Covid-19 pandemic and a climate pandemic

I have been pondering for some weeks the idea that the current changes to our lives and the global economy because of the coronavirus pandemic could be repeated at some time in the future when global leaders become serious about addressing climate change. The result of that thinking became an article, Is a Climate Pandemic the Future Reality?, published in TriplePundit on June 24, 2020.


Half of CEOs believe revenues and employment will recover by January

A survey of CEOs by Fortune, in collaboration with Deloitte, finds half "believe their revenues will have returned to, or exceeded, pre-crisis levels by January." 58% say their employment levels will have returned to, or exceeded, pre-crisis levels at the same time. "Another 20% of CEOs expect revenues to recover by June of 2021, and an additional 15% see revenue recovery by January of 2022.” The survey also provides compelling evidence that this economic downturn has been unique in modern times in that it:

  1. Prompted an increase in investment
  2. Accelerated technological innovation
  3. Increased investment in:
  • Workplace safety (50%)
  • IT infrastructure (40%)
  • Innovation (36%)
  • Consumer/end-user experience (35%).

What 511 epidemiologists said about returning to normal

The New York Times’ interviewed 511 epidemiologists and infectious disease specialists to learn when they might expect to resume a range of typical activities. These U.S. and Canadian experts responded as to when 21 activities will start up again: this summer, within three to 12 months, more than a year from now, or never again.

More than 50% thought these activities would be starting within three months.

  • 64%   Bring in mail without precautions
  • 60%   See a doctor for a non-urgent appointment
  • 56%   Vacation overnight within driving distance

 Less than 20% thought these activities would be starting within three months.

  • 17%   Attend a wedding or a funeral
  • 16%   Eat at a dine-in restaurant
  • 14%   Exercise at a gym or fitness studio
  • 14%   Hug or shake hands when greeting a friend
  • 14%   Go out with someone you don’t know well
  • 13%   Attend church or other religious service
  • 07%   Stop routinely wearing a face covering
  • 03%   Attend a sporting event, concert or play

Airbnb bookings are up

Airbnb bookings in the U.S. don’t coincide with what the epidemiologists think since bookings have exceeded last year’s levels in the past couple of weeks. CEO Brian Cheskyn told CEO Daily on June 23, 2020, that “It may be pent-up demand. “We don’t know…(but) it is recovering way faster than any of us imagined.”


Cruise ships delay voyages until September 15

On the other hand, it’s no surprise that companies operating oceangoing cruise ships don’t plan to resume voyages from U.S. ports until at least September 15, Afar reports. When they do resume cruises, they must have “robust plans for preventing and responding to the onboard spread of COVID-19 by then—and have sufficient medical staff and equipment to deal with potential outbreaks.”


Destinations seek to provide safer travel by 2022

The BBC reports plans are being developed to make travel safer by 2022. “In addition to an entrance visa and a vaccination record, arriving tourists could find themselves taking a breathalyzer check on respiratory systems. New procedures are being developed, and represent an improvement on the remote infrared thermometers used now, which cannot detect asymptomatic patients or early infections.”


Britain’s Gatwick Airport predicts 2024 to reach pre-pandemic levels

CNBC reports that London’s Gatwick Airport’s passenger numbers “may not return to pre-coronavirus levels until 2024.” The story also reports that Virgin Atlantic will no longer operate from Gatwick, and British Airways is considering closing its services there, too.


China reinstates flight restrictions

After 17 people on one China Southern Airlines flight tested positive for Covid-19, Fortune reports that the Civil Aviation Administration of China suspended the airline’s weekly flight to Dhaka, Bangladesh, and Guangzhou, China for four weeks. This was the first time China’s "circuit breaker" for flight restrictions were triggered.

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Shale industry compressing with oil demand down thanks to pandemic.

According to a new Deloitte study, The Great Compression: Implications of COVID-19 for the US shale industry, “starting in March 2020 with the onset of the COVID-19 pandemic, global oil supply and demand have diverged to an extent the world has never seen before.” The report says “the reality is that the shale boom peaked without making money for the industry in aggregate. In fact, the US shale industry registered net negative free cash flows of $300 billion, impaired more than $450 billion of invested capital, and saw more than 190 bankruptcies since 2010.” The report further says that “lock downs of several nations caused price per barrel to fall” and “intense volatility highlights the fragile state of the industry.”


Flushing to prevent stagnating water lines

With schools, office buildings and other facilities closed for extended periods of time, Water World Magazine reports that “water stagnating in water lines can lead to a loss of chlorine and a buildup of sediment resulting in bacterial growth and aging of water that can also affect the taste, smell and color of the water. As temperatures rise and we head into the summer, so does the opportunity for biofilm growth in water lines. These common conditions can lead to waterborne illness and should be addressed before the schools reopen.”


40,000 cruise ship workers still trapped at sea

According to the  Miami Herald/AP more than 40,000 cruise ship workers are still stuck at sea without paychecks because many ports are not allowing the ships to dock. Some workers are reported to have Covid-19.


Antarctic field research canceled because of coronavirus

Although Covid-19 has not reached Antarctica, Science Magazine reports U.S. and British field research is being halted to prevent staff at six research stations on the continent from becoming infected. This includes research on the Thwaites Glacier, the Antarctic ice sheet most at risk of near-term melting.


Illegal drugs more expensive and difficult to obtain

Because of coronavirus-related border controls, lockdowns, and flight shortages, illegal drugs are more expensive and difficult to obtain around the world, according to a United Nations Office on Drugs and Crime report referenced by the Voice of San Diego.


Coronavirus disrupts addiction treatment

Illegal drugs might not be as available, but CalMatters says “several local health departments in California as well as emergency rooms participating in a statewide treatment effort are seeing signs that fewer people addicted to drugs are receiving treatment since the pandemic reached California.”48% fewer people received medication to treat withdrawal and 24% fewer people showed up for follow-up appointments, comparing April to January.Experts worry that more people will fall through the cracks as the pandemic continues.”


Giving to non-profits plunges 6% in the first quarter

Individual giving declined 6 percent in the first quarter of this year compared with last year, a trend that would lead to $25 billion in lost revenue for nonprofits if it continues throughout 2020,” according to the Chronicle of Philanthropy.  


Clean energy job losses continued in May

The clean energy job sector, which had already lost nearly 600,000 jobs through April, saw 27,000 more workers file for unemployment in May. Now 620,590 workers in clean energy, representing 18.5% of the industry’s workforce, are unemployed according to the latest analysis of unemployment data by BW Research for E2, E4TheFuture, and the American Council on Renewable Energy (ACORE).


Mexican migrant workers kept home because of Covid-19 on Canadian farms

Bloomberg News reports that Mexico has placed a “temporary pause” on migrant workers traveling to Canada while protocols and sanitary situations are reviewed, “threatening a labor squeeze in the northern nation’s fruit and vegetable industry as harvests start to ramp up.”


Zombie companies knocking on the economy’s door

The Washington Post reports that “’Zombie companies’ — abandoned by investors and able to stay alive only by tapping banks or bond investors — are becoming even more of a problem during the pandemic." Nearly one in every five publicly traded U.S. companies is a zombie. According to the article, efforts by the Federal Reserve to stimulate the economy could inadvertently be allowing these companies to stay in a twilight state, draining the life from other, healthier parts.


More zombies in the philanthropic sector

Donor-advised charities, what the Post calls “a controversial and booming form of philanthropy attracting increasing scrutiny and criticism amid the coronavirus pandemic,” is not reaching those in need. “Known in the industry as DAFs (rhymes with calves) — and criticized by some insiders as “zombie philanthropy” — the money and assets in donor-advised funds are intended to go to charity someday, but there are no payout requirements, and money can sit in a donor-advised fund for decades.”


Zoo animals miss us!

From the Washington Post June 2, 2020, Coronavirus Update Newsletter: “How are zoo animals surviving this pandemic? The solitude is a respite for some at the Cape May Zoo, but others are now exceptionally lonely. Gil, a gray cockatoo, became so distressed that he began self-harming, plucking his own chest feathers. The primates, otters and even tortoises appreciate the company of visitors. If you've been wondering which animals are enjoying the break from human eyes, here's the answer.

 


Product News

Disinfection tunnel

RD Pack, an Israeli company, has created a sanitation and disinfection tunnel that would spray visitors with disinfectant at massive events. Made of an aluminum and polycarbonate frame the tunnel is being tested at Tel Aviv's Bloomfield Stadium, according to Medicinotas (Spanish language).


Cheap drug can reduce Covid-19 deaths.

According to Science Magazine, researchers in the United Kingdom have announced that dexamethasone, a cheap and widely available drug used to treat inflammation, significantly reduced deaths in the sickest of COVID-19 patients. Many in the scientific community are saying the findings are convincing and are a breakthrough in the fight against COVID-19.


Solutions

Wear the damn mask

San Diego County Supervisor Nathan Fletcher shared this in his June 19, 2020, Friday Five newsletter: “Wear the damn mask. This week, I once again laid out the case for why wearing a face covering is essential. If you want the studies, you can read this one, or this one, or this one. How not to wear the damn mask: It happens, I get it:)”


How to ride an elevator and participate in summertime activities

The Washington Post’s recent coverage included tips for riding elevators during the pandemic: Wear masks. Tap buttons with an object or knuckle. Avoid speaking when possible.” If riders follow those recommendations, “there’s essentially no risk in an elevator,” said infectious-disease physician Colleen Kraft, associate chief medical officer at Emory University Hospital in Atlanta. The publication also published a story about the coronavirus and summertime activities. And one with advice from five health experts on June 18, 2020, who discussed whether its safer to drive or fly this summer. Opinions were mixed.


Closing Quotes

"James Baldwin’s words ring true today more than ever: 'Not everything that is faced can be changed, but nothing can be changed until it is faced.'”
                    Four Twenty Seven, Inc. June 2020 newsletter


“Governments in this world right now have a little bit of a hard time, and global governance is broken. Populism, xenophobia, nationalism…all these things are going in the wrong direction. Meanwhile these issues are piling up. Cybersecurity, financial markets, climate change…coronavirus. These are global issues that need global coordination.

“I believe it is the duty of the private sector to step up and fill that void and be responsible. We are not elected bodies, but we do have to fill that void. And it’s in the interest of business. And increasingly, business understands that.”

                    Paul Polman, former Unilever CEO, in June 23, 2020, CEO Daily Newsletter


Nettleton Strategies - Helping You Navigate the Big Reset

This is a challenging time for all of us, in a way we have never experienced before. At Nettleton Strategies, our philosophy has always been that we need to know two things to find solutions and move forward:

  • A clear understanding of the status of the current situation.
  • A clear vision of how you want your world to be in the future.

With those two benchmarks, we can create a path from your current status to the future imagined status, eliminating the obstacles and identifying processes and resources needed to reach the future state.


Take This Time to Imagine Your Future

We encourage you to use this time to begin imagining a post-coronavirus future. Visualize a time when you can begin to realize your dreams in a sustainable way. If we can help you find opportunities to navigate your Big Reset, please contact us.


Carl Nettleton is an award-winning writeracclaimed speaker, and a subject matter expert regarding water, climate, sustainability, the ocean, and binational U.S. Mexico border affairs. Founded in 2007, Nettleton Strategies is a trusted source of analysis and advice on issues at the forefront of public policy, business and the environment.


 


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Nettleton Strategies

P.O. Box 22971
San DIego, CA 92192-2971
U.S.A.
+1 858-353-5489
info@nettstrategies.com
http://www.nettstrategies.com

 

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