Supply Chain Delays, Costs Bite Chemicals Industry (1)

Chemical industry costs and delays to ship goods by ocean, truck, and rail have all increased since last year, according to survey results the American Chemistry Council released Wednesday.

The council, which represents chemical manufacturers, surveyed members during the first quarter of this year to update information obtained last year.

Supply chain and transportation disruptions are costing millions of dollars; harming chemical producers, particularly in the South; and creating force majeure situations in which disruptions cause contract violations, said Martha Moore, chief economist with the council.

Of the 64 companies that responded:

• 55% said total costs, transit times, and other ...