Chemicals Industry Most Affected by Fires and Explosions

| June 4, 2019

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Based on data from riskmethods, the Chemicals industry is most at risk for disasters at business partner sites, a category of risk that includes fires and explosions. Of all the alerts sent to customers in 2018, this alert was most commonly sent to companies within the Chemicals industry. The Allianz Risk Barometer report consistently ranks fires and explosions as among the most-feared risks faced by businesses, and our data suggests that respondents aren’t wrong to think so. This is especially true in the Chemicals industry, where a statistical analysis of the alerts sent to riskmethods customers in 2018 shows a clear trend: the Chemicals industry suffers most from fires and explosions that might affect their supply network.

Spotlight

Richman Chemical Inc.

Richman Chemical is a custom synthesis, chemical manufacturing, and raw materials sourcing provider to the life science and chemical industries. Founded in 1988 by Edward Richman, Ph.D., Richman Chemical specializes in custom and contract manufacturing projects and the sourcing of hard-to-find chemicals. Richman Chemical uses its unique business model to help companies optimize production and improve process efficiency. Richman Chemical's main strength is in its ability to provide early-stage and established life science companies with flexible and cost effective solutions. With nearly three decades of industry experience, Richman Chemical has earned a reputation as being an excellent partner and valuable resource for pharmaceutical, medical device, biotechnology, nanotechnology, venture capital, start-up, and specialty chemical companies.

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Richman Chemical Inc.

Richman Chemical is a custom synthesis, chemical manufacturing, and raw materials sourcing provider to the life science and chemical industries. Founded in 1988 by Edward Richman, Ph.D., Richman Chemical specializes in custom and contract manufacturing projects and the sourcing of hard-to-find chemicals. Richman Chemical uses its unique business model to help companies optimize production and improve process efficiency. Richman Chemical's main strength is in its ability to provide early-stage and established life science companies with flexible and cost effective solutions. With nearly three decades of industry experience, Richman Chemical has earned a reputation as being an excellent partner and valuable resource for pharmaceutical, medical device, biotechnology, nanotechnology, venture capital, start-up, and specialty chemical companies.

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