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Traversing a Data-Powered Supply Chain

By Mary Page Bailey |

Transporting chemical products across global supply chains is complex and challenging, but data-supported technologies are helping to improve efficiency, sustainability and reliability Materials produced by the chemical process industries (CPI) are used in nearly all global product chains. According to the Science Based Targets Initiative, around 95% of manufactured products rely on chemical goods. This ubiquity serves to amplify the supply-chain disruptions brought about by labor shortages and the persistent economic effects of the pandemic. A study conducted in late 2021 by the American Chemistry Council (ACC) surveyed 67 chemical manufacturers, who overwhelmingly reported that supply-chain problems were creating lost production (66% of respondents), shipping delays (94% of respondents) and increased transport costs (93% of respondents). Furthermore, the ACC study indicated that the materials shortages and cost increases caused by production and shipping disruptions were impacting 85% of those surveyed. This increased focus on supply-chain issues coincides with the CPI’s continued efforts to improve the environmental sustainability of their products and processes, and also the industry’s continued foray into digitalization.…
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