As reported by Deloitte in their article titled “2023 Chemical Industry Outlook,” the chemical industry is gearing up for a significant transformation in the coming year. The disruptions of 2022 have positioned the industry to lead this materials transformation. However, there are challenges on the horizon, including volatile energy prices, rising costs, and shifts in …
Following similar increases in September and October, producer prices continued to move higher in November, up by 0.3%, higher than expected. A decline in prices for energy goods and transportation & warehousing services was offset by higher prices for foods, trade margins and other goods and services. Excluding the volatile food and energy components, core …
The chemical industry generates $486 billion annually and employs 529,000 Americans, and 96% of all manufactured goods are directly impacted by this industry, reports the American Chemistry Council’s (ACC) 2021 Guide to the Business of Chemistry. “While risks for the global economy remain, the U.S. chemical industry is in a strong position going into 2022,” …
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