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Morris R. Beschloss, the widely acclaimed expert in the U.S. PVF industry. Starting his career with Hammond Valve, he has worked with Flow Control Group, Lunkenheimer, OIC, Ft. Pitt Steel Foundries, Valvulas Senkowski, Morrison Brass, and Conval International. Former president, chairman and board member of the Valve Manufacturers’ Association, he has also served the industry through the Industrial Piping Division of the American Supply Association, PVF Roundtable, and Association of Industry Manufacturers.
The inability to input and produce parts generated fewer overall products for 2022. This was reflected in about 13.9 million new cars and trucks as the year ended.
A cut of 2 million oil barrels per day resulted from Russian-led allies, a move that caused already high prices to rise further. This results from Russian pressure on fellow members of the 23-member group known as OPEC.
While the Russo/Ukraine war has put Europe into an energy hassle never before seen, Russia is putting a squeeze on Europe’s NATO group due to its siding with the Ukrainians.
The PVF industry, unlike many manufacturing sectors, demands industry experience of its leaders. Much of the sector’s success is attributed to that experience. Also, rising inflation brings recession to the mind of the Federal Reserve and its chairman.
While low wages have increased at a lesser pace in recent months, inflation seems to have dug in more socially, while the relevant match in personal value to workers seems on a downward track.
Commodity prices are rising everywhere, sure to continue as the tragic Ukraine war rages on. China’s support of Russia does not bode well for the United States.
This month’s Beschloss Perspective weighs in on the Biden administration’s rejection of attempts to expand U.S. oil and gas production, the economic power of corporate dividends, the use of digital currency, and the Russia/China alliance.