New SOCMA Census Points to Strong Level of Business Confidence for Specialty Chemicals Supply Chain
SOCMA developed the “Specialty Chemicals Industry Census” as part of a strategic focus on building commercial growth opportunities.
The Society of Chemical Manufacturers & Affiliates (SOCMA) recently released the findings of its inaugural industry census, which indicates specialty chemical companies remain bullish despite the uncertain landscape. As part of the association’s strategic focus on building commercial growth opportunities, SOCMA developed the “Specialty Chemicals Industry Census” in collaboration with Vault Consulting, LLC. The resulting data will be disseminated through SOCMA’s ChemSectors program, a tailored information network for analysis and trends impacting the value chain.
“Through the census, we captured demographic and operations data that not only points to sustained business confidence but also builds upon SOCMA’s industry intelligence repository, providing more clarity and insight than you would get from peer-to-peer discussions,” said Paul Hirsh, SOCMA’s senior vice president of Industry Development & Partnerships. “This data establishes key benchmarks that are critical to companies as they reassess their business plans and reevaluate outlooks for the remainder of 2020.”