If you happened to be traveling on an airplane, using public transit in a major U.S. city, or interacting with your healthcare provider the week of July 19, then you may have had a very personal, up-close experience with the overarching role technology plays in our modern world.
Companies that took advantage of the opportunity to learn, afforded by the supply chain crisis, have profited greatly and are more prepared than ever to tackle similar difficult times in the future.
In light of the supply chain crisis in 2021-2022, the specialty chemicals industry needs to examine the way it does business and make changes to ensure smooth and less vulnerable operations.
The action is due to intensifying force majeure conditions and operational failures experienced by multiple suppliers of raw materials essential to the production of acetic acid and vinyl acetate monomer (VAM) products.
Manufacturers should work to reduce materials, energy consumption, and inefficiencies to improve their carbon footprint and achieve the triple bottom line.
Proactive companies pay close attention to opportunities to increase packaging efficiencies throughout the end-to-end supply chain to improve their profitability and sustainability.
OQ Chemicals announced that due to supply and demand issues, the company will increase prices for certain oxo intermediates products produced at its Bay City, Texas, facility.
OQ Chemicals has declared Force Majeure for certain products manufactured at the Oberhausen, Germany site due to a significant disruption at a raw material supplier.