CHEMICAL PROCUREMENT: DOES IT PAY TO BE A PESSIMIST?

| September 26, 2018

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If you are a chemical producer or supplier, it probably pays to see the glass half empty. Disaster, either natural or man-made is usually never far away. Be it a chemical plant explosion, or market collapse, global economic sanctions, trade war, or Brexit, no one can be certain what will hit the fan, or when. Sometimes, the impact to chemical supply chains can be catastrophic. For example, when Hurricane Harvey hit Texas last year, the full force of the storm was felt by the chemical facilities around the petrochemical hub at Houston. As Bloomberg reported at the time, “A third of U.S. chemical production has been disrupted by Harvey, boosting prices and threatening shortages for basic industrial building blocks such as chlorine.”

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Finar Limited

Established in 1998, Finar Limited is ISO 9001, ISO 14001 and OHSAS certified manufacturer of High Purity Laboratory Chemicals and Pharmaceutical Excipients. With a state-of-art GMP certified manufacturing facility and NABL certified Laboratory, Finar is determined to deliver products of the highest quality.

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Article | March 3, 2020

Sustainability fervor – which has been building in importance over the past few years – has reached a new height in 2020. Chemical industry leaders made lofty statements at the World Economic Forum in Davos about the importance of engaging in sustainable development. Despite that, the chemicals industry is big, conservative, and typically slow to move. This raises the question: "What factors will really force change in the chemicals industry, and what does that change look like?" In this blog, we examine three possible drivers of change – carbon taxes, investor pressure, and supply chain pressure – and discuss their possible implications. We specifically focus on chemical companies, as highly carbon-intensive industries like cement and steel face a very different picture with respect to sustainability challenges.

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What Are Fine Chemicals?

Article | March 27, 2020

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When chemistry becomes intelligent

Article | March 5, 2020

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PROCUREMENT CHALLENGES IN THE CHEMICAL INDUSTRY : WHAT CPOS’ MUST STRIVE TO COMBAT

Article | February 25, 2020

The global chemical industry currently represents one of the largest worldwide interacting sectors delivering essential materials to several major industries including pharmaceuticals, agriculture, manufacturing and construction, and automotive. This is an indicator of the fact that any major changes in the chemical industry could also significantly affect these related sectors. Procurement is an unceasing challenge for companies across various sectors, and procurement in the chemical industry is no exception.

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Spotlight

Finar Limited

Established in 1998, Finar Limited is ISO 9001, ISO 14001 and OHSAS certified manufacturer of High Purity Laboratory Chemicals and Pharmaceutical Excipients. With a state-of-art GMP certified manufacturing facility and NABL certified Laboratory, Finar is determined to deliver products of the highest quality.

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