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Chinese New Year to Cause Worsening Shipping Delays

year of tiger - The Chemical Company

The Chinese New Year is earlier than the previous five years, causing some shipping companies to suspend services ahead of their new year, further straining global supply chains. The potential for supply chain disruption in 2022 is exacerbated by two key factors: China’s new year falling on the first of February, and their strict zero-Covid […]

North America’s Largest Railroad May Go On Strike

train thumb 1 - The Chemical Company

Further supply chain disruptions are currently in the making as railroad giant Burlington Northern and Santa Fe Railway (BNSF) plans to unveil a new attendance incentive program that may cause over 35,000 employees to go on strike as soon as February 1st, 2022. BNSF is asking a federal court to classify the railroad’s dispute with […]

Hurricane Ida Weighs on Chemical Production

US chem impacts thumb - The Chemical Company

As nearly all manufactured goods are produced using chemistry in some form, manufacturing activity is an important indicator for chemical demand. The chemistry industry is one of the largest industries in the United States, with lingering hurricanes and other supply chain disruptions, the largest decline in chemical production from July to October was in the […]

Wholesale Prices Increase at Record Pace

fastest price increase thumb - The Chemical Company

Supply chain bottlenecks and surging demand have been the primary drivers of inflation. Wholesale prices have increased at a record pace this past November, according to the Labor Department, indicating the inflation pressures in the post-covid economy are persisting. Consumer pricing is increasing at its fastest pace in nearly 40 years, with the demand for […]