11
Jun 21The COVID-19 pandemic has caused a major shift in the global chemical industry during its onset in 2020. Supply chain disruptions occurred as governments closed down their borders in an attempt to isolate the virus, giving rise to a disparity between supply and demand. This forced many chemical companies to operate under a new reality, and being among the largest product suppliers in the world, this had a ripple effect across the global economy as demand experienced severe shocks across end-markets.
Two years after the pandemic’s onset, the world remains to deal with its aftermath, among many other events that have severely impacted the operations of chemical suppliers. Among the major challenges that global chemistry production may face in 2022 are the following:
– Climate change
– Managing operating costs
– Supply chain volatility