Adhesives & Sealants Industry Magazine Publishes Article by Trinseo’s Mike Christy on Creating a Resilient Product Portfolio
Mike Christy, Technical Service & Development Specialist, Construction, recently had an article published in Adhesives & Sealants Industry (ASI) Magazine, titled, “Is it Time to Diversify Your Product Line?” The article discusses the benefits of chemical and material supplier diversification to help offset business interruptions and remain agile and resilient.
“Over the last several years, many industries have been deeply affected by unprecedented events, and the chemical industry is no different. In particular, the COVID-19 pandemic drastically slowed global material production and decreased the workforce, while Winter Storm Uri disrupted key material manufacturing facilities in Texas in 2021, impacting nearly 78% of the country’s ethylene supply, a critical petrochemical for many materials.1
Today, experts largely agree that the chemical industry is transitioning back to “normal,” having recently enjoyed one of its best years in a decade.2 As recovery continues, it is imperative that manufacturers retain vital lessons learned over the last few years, including the critical need for agility and supplier diversification to weather the storms of unprecedented events and help offset business interruptions. Take, for example, acrylic monomers — critical component(s) of many polymers destined for construction, such as sealants and caulks. Unfortunately, this material experienced volatile swings in pricing and availability in recent years — a scenario made especially devastating for manufacturers who use the monomers across multiple product offerings and lacked viable replacement chemistries or alternatives.”
Explore the entire article by clicking on this link to ASI Magazine.