Chemicals industry roundup 2020
Pandemic provides impetus to re-tune supply chains for resilience and sustainability
Global chemical supply chains underwent a brutal stress test this year – caused by ongoing trade wars, global protectionism and the Covid-19 pandemic. Border restrictions, travel bans and manufacturing plant closures exposed weak spots in many complex value chains, often leading to disruption and shortages.
Covid-19 might well prompt the chemical industry to rethink its global supply chain model to cushion such impacts in the future.