42% of companies in chemicals sector have been affected by supply chain disruption, finds survey

About The Authors

28th April 2021 15:04 - Chemicals

42% of companies in chemicals sector have been affected by supply chain disruption: A survey has cast light upon global supply chain disruption across a range of sectors in the wake of the Coronavirus pandemic, 

The Ifo Institute survey of manufacturers in Germany found that a combination of factors including restrictions to curb the spread of Covid-19, the increasing demands of consumers and delays to shipping containers has resulted in global supply chains being severely disrupted and manufacturers facing diminishing inventories and problems with delayed orders. 

The ifo Business Climate is based on around 9,000 monthly responses from businesses in manufacturing, the service sector, trade, and construction. Companies are asked to assess their current business situation and project their expectations for the next six months

The research found that despite the Ifo’s Business Climate Index rising for the third consecutive month to April (to its highest level since June 2019), this month’s rise (from 96.6 points in March to 96.8 points in April) has been smaller than expected, with disruption to supply chains quashing business optimism for the six months ahead. The report says that both the third wave of the global pandemic along with ‘bottlenecks in intermediate products’ are impacting Germany’s economic recovery. 

Of the German manufacturing businesses polled, nearly half said that in the past month that have experienced a disruption to their supplies of parts or materials. 

The survey found that almost three-quarter of rubber and plastics companies have seen a disruption to their supply chains, followed by those in the electronics and automotive sectors (both 60%) and two-fifths (42%) in the chemicals sector. 

Sign up for free insights from your sector…

Support Us...

We hope that you have found this article useful. This section is freely available for all to use. Please help support it by liking us or following us on our social media platforms:

Share this article...

For updated Chemicals insights please follow us on @DJS_Chemicals or use our RSS feed

Other Chemicals Research Findings

Other Latest Market Research Insights

© DJS Research 2021