Monday, August 22, 2022

ACC: Supply chain difficulties continue for chemical manufacturers

Via the chemical industry trade group the American Chemistry Council: 

WASHINGTON (August 18, 2022) — U.S. chemical manufacturers reported that major supply chain problems continued well into this year and have worsened in some cases. According to the results of a new survey released by the American Chemistry Council (ACC), transportation-related supply chain problems continued through the first half of this year and resulted in prolonged impacts on U.S. manufacturing operations.

For three consecutive quarters, companies reported that supply chain and freight transportation disruptions harmed their U.S. manufacturing operations. Over that same period companies reported having been negatively impacted by ongoing supply chain and freight transportation disruptions.

In addition to lost manufacturing and customer orders, companies reported that higher shipping rates were compounded by costly workarounds, including increased inventories, investing in additional rail cars, and committing additional resources to managing shipments.  

Can't say that my experience has been any different - here is hoping that things turn around dramatically this winter, but with continued labor shortages (?) plus additional disruptions from the Russian invasion of Ukraine, I'm skeptical we're going to see changes. 

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