Insights

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Published by BTGGA member GlassRatner.

Agriculture Expert, Brent King (Managing Director - Kansas City) offers insights into the current state of the AG industry. What will 2020 hold?

Here we look at the cyclical peaks and troughs in supply and demand in the farming sector, and the impact of Brexit on international trade.

Looks at producing the best food possible, responsibly and profitably and highlights the ongoing challenges for the UK’s farming industry.

Provides comment on the economic and environmental factors driving significant change in the UK farming sector.

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Published by B. Riley Advisory Services - March 2022

This past year for the U.S. automotive industry was marked by widespread supply chain and production issues, particularly due to the ongoing global semiconductor shortage. However, historically low vehicle inventories led to robust consumer demand, and automakers continued to invest in an electrified future for the industry

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Published by B. Riley Advisory Services - March 2022

Prices for new and used vehicles soared to record highs amid historically low inventory levels at U.S. dealers whilst EV sales grew in 2021 amid new product offerings as plans of an all-electric future continued for the industry.

Prices for new and used vehicles soared to record highs amid historically low inventory levels at U.S. dealers

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Published by B.Riley Advisory Services - September 2021

An ongoing global semiconductor shortage has severely impacted production for several OEM platform, as well as a major shortage in skilled labor has left many production lines unable to meet the backlog of demand for new vehicles.

Consumers have spent less money on vehicle purchases in recent months amid financial concerns related to the new surging coronavirus variant

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Published by B. Riley Advisory Services - March 2021

The COVID-19 pandemic left the U.S. automotive industry reeling for several months in 2020, as plant shutdowns, supply chain issues, and weakened demand resulted in the sector’s worst period in years. However, automakers fared better than projected due to low interest rates, historical financing offers, and a recovery in retail sales.

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Published by B. Riley Advisory Services - March 2021

Despite better-than-expected Q4 2020 retail sales, pandemic-related operational issues and low demand dampened results for most automakers. However, several automakers have announced multi-billion dollar plans to go all in on all-electric vehicles.
Low interest rates and industry-wide inventory shortages has led to overwhelming demand for gently used vehicles in the latter half of the year.

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Published by B. Riley Advisory Services - February 2020

The U.S. automotive industry’s cyclical downturn continued in 2019. Most major manufacturers experienced strong demand for light trucks, crossovers and SUVs, while cars remained a sore spot for manufacturers across the industry. Growing disparity between new and used vehicle average transaction prices continued to drive consumers toward the used vehicle market.

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Published by B. Riley Advisory Services

Overall new vehicle sales were down over 34% in Q2 2020 due to supply issues and reduced demand amid the coronavirus pandemic.

While the auto industry struggled with factory shutdowns in the early months of the pandemic, production levels are slowly recovering from April lows.

Historically low interest rates are pushing more consumers to the used market, causing a spike in the average used vehicle price.

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Published by Glass Ratner's sister company Great American Group.

The cyclical downturn of the U.S. automotive industry continued in the latter half of 2019, with most major automakers struggling with sedan sales as the growing disparity between new and used vehicle average transaction prices further drove customers to choose used rides.

BTG Global Advisory considers the commercialisation of the mass-market electric car, which will not be straightforward, though technology is improving and volumes will grow significantly over the next decade. There is a big role for hybrids and the internal combustion engine is far from dead.

BTG Global Advisory considers the impact of rapid change in the global car market as it enjoys spectacular sales and healthy bottom lines. However, despite this, there are concerns about fading prospects for growth and the rising cost of development and technology.

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Published by BTG Advisory (part of Begbies Traynor Group)

Airlines around the world are beginning to tentatively return to the skies after the most dramatic disruption in the sector’s history.

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Published by BTG Advisory (Part of Begbies Traynor Group)

The aviation industry is in an acutely parlous state, with a wave of expected airline insolvencies imminent as the virus-induced demand shock brings to an abrupt end the sector’s decade-long ‘golden era’.

BTG Global Advisory considers airline profitability and international competition, notably the impact of low-cost airlines consolidation, expansion to transatlantic routes, and labour and security challenges. We examine concerns about Brexit, which remains the most pressing threat to the UK aviation industry.

BTG Global Advisory considers global and European political uncertainty, including international security. We look at Brexit in terms of profitability and international influence, notably on the Single European Sky. Meanwhile, lowcost carriers thrive, extending their services and fuelling price competition.

Looks at key trends that have boosted the industry and helped low-cost carriers thrive, including lower oil prices, fuller planes, and record numbers of tourists.

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Published by B. Riley Advisory Services - February 2022

Hot rolled coil prices skyrocketed in 2021, surpassing $1,940 per net ton in the fall before declining into 2022.

As mills expand with electric arc furnaces, some are acquiring scrap metal recyclers to secure scrap supplies.

High energy costs in Europe have led to smelter cuts for certain base metals, tightening supplies and boosting prices.

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Published by B. Riley Advisory Services - October 2021

Hot rolled coil prices skyrocketed this year to surpass $1,950 per net ton in September, setting yet another record.

Given elevated prices and production gaps, some mills are expanding with efficient electric arc furnaces.

China's economy is hit by a major power shortage and a debt crisis at the nation's largest property developer.

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Published by B. Riley Advisory Services - June 2021

Steel prices skyrocketed in the first half of 2021. After the COVID-19 pandemic spurred plant idling and capacity curtailments across the steel industry in the first half of 2020, an earlier-than-anticipated demand rebound caused a supply imbalance. That, along with higher ferrous scrap costs, boosted steel prices to record levels.

Non-ferrous metals experienced a similar rally in pricing, particularly copper and aluminum, driven by China’s strong economic recovery and slower mining activity.

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Published by B. Riley Advisory Services - February 2021

Hot rolled coil prices surpassed $1,180 per net ton as an undersupply left service centers desperate for inventory, after shutdowns earlier in 2020, steel mills struggle to keep up with the recent rise in demand. Scrap prices climbed as demand jumped from steel mills, which ramped up steel production amid low supplies.

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Published by B. Riley Advisory Services - June 2021

Hot rolled coil prices skyrocketed this year to surpass $1,650 per net ton in June 2021, setting yet another record.
Rebounding demand, tight supplies, and positive investor sentiment have driven up aluminum and copper prices.
After bottoming out in the 50% range in June 2020, steel capacity utilization recently hit optimal rates above 80%.

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Published by B. Riley Advisory Services - October 2020

U.S. steel mills have been steadily increasing production on an improvement in capacity utilization, whilst metal prices began to recover just before heading into the third quarter of 2020 as economies gradually restarted.
The U.S. removed 10% tariffs on imports of aluminum from Canada, as long as import quantities decline as expected.

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Published by B. Riley Advisory Services - June 2020

Just as the U.S. steel industry showed signs of a tentative recovery after its downturn in 2019, COVID-19 rocked the market. Prices fell as the pandemic eroded steel demand, and with the threat of global overcapacity, prompted domestic steel mills to idle or scale back operations.

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Published by Glass Ratner's sister company Great American Group - June 2020

Steel mills idled a number of operations, particularly blast furnaces, as steel demand plunged amid the pandemic. Meanwhile section 232 aluminum tariffs hurtextruders that were forced to import billet due to a lack of domestic options.

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Published by Glass Ratner's sister company Great American Group - February 2020

Steel prices increased in recent months, but it remains to be seen whether the trend continues. Meanwhile, base metal prices remain volatile amid swiftly changing trade conditions and global economic news, despite solid metal fundamentals.

BTG Global Advisory looks at the global trends that are driving, and will continue to shape the market for steel and related products. Trump’s tariffs, the trade wars that this has sparked, and the ongoing impact of China’s supply and demand will continue to affect world markets.

BTG Global Advisory looks at rising consumer spending, notwithstanding the disruptive forces of political and economic uncertainty, and how technology is helping to meet the challenge of maintaining margins in a rapidly evolving environment.

BTG Global Advisory provide comment on investment going to top-tier sport while some sports organisations fail to attract funds, changes in broadcast sales, and management in sports ruling bodies.

Travel and hospitality are riding high on the economic recovery. This industry update considers terrorism, political and economic unrest, investments, China’s leisure market, and new service delivery models transforming the sector.

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Published by B. Riley Advisory Services - April 2022

Prices for many products have been rising at a record rate, trickling down to consumers' wallets.

Russia's invasion of Ukraine has had ripple effects around the world.

In addition to allowing consumers to get back to some semblance of normalcy, vaccine rollouts have boosted pharmacy sales.

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Published by B. Riley Advisory Services - November 2021

The upheaval in 2020 caused by the pandemic often makes 2021 year-over-year comparisons misleading. In general, consumer spending exhibited growth in recent quarters, both in stores and online. Many retailers reported positive sales growth, not only compared to 2020, but also versus 2019. However, there are several issues that retailers will continue to grapple with during the fourth quarter and critical holiday shopping season.

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Published by B. Riley Advisory Services - November 2021

Factory shutdowns, container shortages, delays at ports, and labor shortages have disrupted the supply chain for many retailers.

Both the cost of products as well as transportation costs have been rising, leading many retailers to pass on increases to consumers.

Retailers will have to overcome supply chain problems to capitalize on demand this holiday season.

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Published by B. Riley Advisory Services - April 2021

The pandemic sped up changes that were already taking shape between e-commerce and brick-and-mortar. Stimulus checks spurred purchases for some categories, while others still struggle to attract customers.
A container shortage and delays at ports have resulted in longer lead times and increased costs for many retailers.

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Published by B. Riley Advisory Services - November 2020

The COVID-19 pandemic has resulted in a dramatic shift in how consumers shop. While some industries have benefitted, other industries have struggled. There have already been several bankruptcy filings and liquidations, and there is concern that more could follow.

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Published by B. Riley Advisory Services - November 2020

Many retailers experienced significant increases in e-commerce sales, whilst brick-and-mortar sales decline. COVID-19 has brought thousands of store closures to malls that were already experiencing vacancies and myriad of issues face retailers, particularly mall-based retailers, during the critical holiday season.

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Published by Glass Ratner's sister company Great American Group - November 2019

Brick-and-mortar retail has faced significant challenges over the past few years. Some industry experts believe this downward spiral could continue for the foreseeable future, and there are signs of the “four horsemen” that could ultimately lead to the brick-and-mortar “retail apocalypse.”

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Published by Glass Ratner's sister company Great American Group - November 2019

Tariffs are impacting many companies; many have worked to pass along price increases or move production.

BTG Global Advisory provides comment on how food and beverage (F&B) is in the vanguard of retail’s consumer-led transformation, helping to redefine the development of retail-led destinations.

Looks at the global retail market, covering the challenges and opportunities of globalization and the blurring of boundaries between physical and online retail.

Highlights growing confidence in retail as new retail centres mix shopping with dining and entertainment to offer a holistic leisure experience that reflects changes in consumer behaviour.

Examines the rise of the mega-boxship, as the first generation of 20,000 TEU containerships begin their first rotation through global ports of call.

Highlights growing confidence in retail as the economy recovers, notwithstanding the consequences of price wars, which are becoming an enduring feature of the UK retail sector.

Looks at how a Greek exit could mask a positive macro environment for real estate.

BTG Global Advisory provides comment on the implications of Brexit for the UK real estate market, particularly regional projects, some of which qualified for EU funding.

Provides comments on the UK property market, which is experiencing strong growth in London and across the regions. However, there are concerns whether the market can maintain its upward momentum.

Our recent newsletter gives an update on various member activities, and an overview of our alliance’s most recent service line launch. 

TCP Latam's most recent newsletter.  Published in Portuguese.

The United Nations Convention against Transnational Organized Crime has provided an internationally shared definition of an “organized criminal group” as “a group of three or more persons existing over a period of time acting in concert with the aim of committing crimes for financial or material benefit”.

A new era has been revolutionising the field.  New Technologies are accelerating the application of robotics, artificial intelligence, stand-alone machines and biotechnology.  It is the biggest revolution in the rural sector.

An analysis developed by TCP Latam points out the predominance of the political scenario that will dictate the direction of the economy.

BTG Global Advisory provides comment on the implications of political and economic uncertainty for the UK construction market.

Examines forecasts indicating slower, but sustained growth in 2015 and the factors acting as a brake on the industry.

Considers the implications of a possible UK exit from the EU.