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Supply Market Intelligence for Procurement Professionals by Kelly Barner, Jeanette Jones

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CHEMICALS

According to the American Chemical Council (ACC) website, more than 96 percent of all manufactured goods are directly touched by chemistry. In chemical business literature, industry segmentation is represented in many ways. The chemistry segments identified by the ACC are pharmaceuticals, basic chemicals, specialty chemicals, agricultural chemicals, and consumer products.

This industry’s dependence on the global economy and national regulatory concerns are two of the toughest challenges facing chemical producers. These challenges both directly and indirectly affect the companies buying from them. Pricing is highly subject to aggressive ...

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