As we step into the new year, the chemical industry finds itself at the crossroads of unprecedented challenges and opportunities. The legislative and regulatory landscape is ever evolving, shaped by global tends, technological advancements, and a growing emphasis on sustainability. As chemical companies strategize and fine-tune their plans, several notable trends are expected to shape... Read more »
Lately all eyes have been on the economy amid fears of a recession. According to a new report by the Commerce Department, the U.S. economy grew at an annual rate of 1.1% in the first quarter of 2023. This was down from a 2.6% growth rate in the fourth quarter of 2022. The slowdown in... Read more »
Chemical Distribution 2023 Economic Outlook NACD’s economic reports for December 2022 indicate that 2023 is likely to feel the impact of a recession (1). With high interest rates and increased consumer debt, chemical sales may be dampened if high users of chemical products are backing off purchases. With federal debt continuing to increase alongside interest... Read more »
