The Russian invasion of Ukraine and its tragic consequences throughout the region have prompted Nynas to reconsider its supplies from Russia and also sales to the country.
During COVID, clients and colleagues realized there was far too much risk in their supply chain. For the most part, they realized the stark difference in requesting help from in-demand suppliers vs. collaborating jointly with supply chain partners. Given the robust demand for raw materials to successfully support key customer needs, suppliers have no choice but to prioritize. There is little doubt they are prioritizing strategic and profitable customers, as well as those with long-term agreements.
The Russian assault on Ukraine began in earnest on February 24, 2022. As NATO and countries around the world work together to support Ukraine and pressure Vladimir Putin to cease this unwarranted aggression, the Ukrainian people have shown incredible bravery, resilience, and strength. What are the war’s ramifications for our industry, as well as the end-use sectors that we support?
Quick thinking. Open communication. Digital solutions. Streamlined processes. Wide-ranging supply chain issues coupled with the ongoing impact of the COVID-19 pandemic have pushed companies that supply raw materials and chemicals to their limits. But as the old saying goes, necessity is the mother of invention—and players in the adhesives and sealants industry are nothing if not inventive.
With builders continuing to report supply chain problems that are causing construction delays, overall housing starts decreased 4.1% in January 2022 to a seasonally adjusted annual rate of 1.64 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Already underway, the scale-up program will help build resilience against supply disruptions and contribute to financial and Scope 3 (upstream) carbon reduction ambitions.
February 18, 2022
As part of its Grow & Deliver strategy, AkzoNobel has announced plans to invest in the expansion of in-house resin manufacturing.
The Specialty & Custom Chemicals Show will feature more than 165 exhibitors, 39 Exhibitor Showcases, and a series of educational sessions focusing on pressing issues that manufacturers are facing both inside and outside their fence lines.
With business booming and companies reaching capacity limits, customers and suppliers throughout the specialty chemical value chain are looking to make business-critical connections in 2022. SOCMA offers that opportunity and more at the Specialty & Custom Chemicals Show, which will be held February 28-March 2, at the Omni in Fort Worth, Texas.