Ashland Expects Supply Chain Challenges to Impact its Third Quarter Financial Results
According to Ashland, the availability of some raw materials, in addition to shipping, logistics, and packaging challenges, is offsetting strong demand and continues to constrain its ability to rebuild inventories and meet customer demand.
Ashland Global Holdings Inc. recently provided an update on preliminary financial results for its fiscal 2021 third quarter and full year. In general, the company reports that the economic recovery in the U.S. and other regions of the world is driving strong demand for most products in its Life Sciences, Personal Care, and Household and Specialty Additives end markets.
According to Ashland, the availability of some raw materials, in addition to shipping, logistics, and packaging challenges, is offsetting the demand and continues to constrain its ability to rebuild global inventories and meet overall customer demand. In addition, supply chain inefficiencies are resulting in higher overall cost as the company works to meet customers’ needs. The impact of all these factors is expected to be reflected in the company’s financial results during the quarter.