Chemical manufacturers are struggling today to stay competitive in a difﬁcult economy. They are attempting to increase productivity in chemical processes; innovate, and customize for demanding markets; and adhere to the myriad of regulatory and compliance issues, all while guarding slim margins. Many judge success in terms of this month’s or this quarter’s performance, but … Continued
Chemical industry challenges abound, from the regulatory pressures from smoke stack, effluent and solid waste production to the need to keep sufficient raw material inventories to avoid expensive delays in a high capacity production environment. Add to that price pressures from the competition, rising energy costs and supporting health and safety practices, both in the workplace and for the transport of goods, and the financial implications become exponential.