Chemical Industry Leads the World in Fight Against Coronavirus
Yahoo Finance | April 01, 2020
Chemical companies across the globe have ramped up efforts to combat the coronavirus pandemic that continues to spread with no signs of abating. The global chemical industry is scaling up the supply of essential products – from raw materials for hand sanitizers to personal protective equipment (PPE) materials – in response to this health predicament. With the number of coronavirus cases around the world continuing to climb, demand for preventive products has skyrocketed. Critical items such as hand sanitizers, masks and gloves are flying off the shelves as people continue to stock up amid the worsening scenario. Medical, health and safety products are currently in short supply amid the pandemic that has so far claimed more than 42,000 lives and infected more than 850,000 people globally. Notably, outbreak in the United States, Italy, Spain, Germany and France has worsened over the past several days. It has rattled global stock markets on concerns over broader economic impacts.