Supply chain bottlenecks, surging oil prices, COVID-19, and the ongoing labor shortage have combined to create a particularly tough economic environment of late.
Despite exposure to many cyclical end-use markets, the chemical distribution and process manufacturing sectors have continued to show considerable resilience. Yet shrinking margins and spiraling costs have forced many to reassess their spending and look for ways to protect margins.
Last year’s State of the Industry Report, produced in association with the National Association of Chemical Distributors (NACD), highlighted the impact of COVID-19 and the supply chain snarl-ups on the chemical distribution sector.
The onset of the COVID-19 pandemic forced chemical manufacturers and distributors to quickly reassess how they operated.
Today, customers and businesses across industry sectors want to support the circular economy: a “green” economy that prioritizes sustainability, conservation and efficiency initiatives. The chemical industry is committed to promoting these efforts, and Datacor ERP can help customers establish best practices and business processes that reduce their footprint and maximize the lifetime of key resources. In this post, we’ll show you how.
The chemical distribution and manufacturing industry is constantly changing, and keeping up with regulatory requirements can be challenging. We’re here to provide you with the latest chemical regulatory compliance updates, so you can stay informed and ahead of any changes.
This is the final post in a two-part series on the novel coronavirus (COVID-19) crisis and the chemical industry. Part one looked at how the crisis has impacted companies so far and what their response has been. Here, we’ll cover how organizations are adjusting to remote work and look to what the future might hold.
The novel coronavirus (COVID-19) crisis is changing the world as we know it, causing ripple effects throughout national, state and local economies and forcing businesses to rapidly adapt. Unemployment claims have surpassed the highest in history; over 30 million claims, totaling nearly 20 percent of the U.S. labor force, were filed in the six weeks between mid-March and April 25, 2020 alone. And in one of the most shocking developments, the price of oil dropped below zero for the first time in history.
Datacor offers products and services designed specifically for process manufacturers and chemical distributors. Contact us to learn more about our products and services. Call us now at (973) 822-1551 or fill out the form to the right.