The U.S. Energy Information Administration's annual energy outlook - which was released earlier this spring - anticipated that the industrial sector's energy demand would outpace all other sectors through 2040, and a just-released EIA report projected that bulk chemicals would account for a "large portion of both consumption and anticipated growth," with the value of chemical shipments increasing from $288bn in 2013 to $429bn in 2025.
Despite facing global headwinds, American chemistry expanded at a healthy 2.0 percent growth rate in 2014, and is expected to reach a 3.7 percent gain in output in 2015, before hitting 3.9 percent in 2016, according to the Year End 2014 Chemical Industry Situation and Outlook, published by the American Chemistry Council (ACC). The report's consensus is that U.S. chemical output will continue to expand well into the second half of the decade, exceeding that of the overall U.S. economy.
Ernie Kremling, vice president of operations with KMG Chemicals Inc., relates the story of how the company selected a 3PL, and what kind of issues it was out to solve in the process. He is joined by Frank McGuigan, president of transportation management with Transplace.
Chemical production is often described, understated as it might be, as a "harsh" operating environment. Machinery, components and workers are subjected to extreme temperatures, pressures and substances as they generate end products that can be used in a multitude of ways.
Verify Brand, active in supply chain security software systems, says its new Verify Platform, a piece of advanced serialization, traceability and authentication software, could stop illegal, dangerous and counterfeit chemicals from entering a manufacturer's supply chain.
In 2004, a group of forward-thinking fashion and athletic brands with restricted substances lists (RSL), featuring such major players as Adidas, C&A, Gap, Levi's, Marks & Spencer and Nike, formed an industry working group with the aim of reducing the use and impact of harmful substances in the apparel and footwear supply chain.
For the past decade it has been the goal of the chemicals industry to create a unified standard for the simple and clear labeling of dangerous goods - no matter what the product, where the country or the language spoken.