Supply chains in the chemical industry are subject to the same forces as retail , and there is a shift to personalised choices in the materials and services on offer to customers , a new Accenture report concludes .

The report says that for the past three decades , there has been a steady expansion of the global chemicals supply chain spurred by factors including e-commerce , liberalisation of trade agreements , investment in transportation infrastructure , improved methods of international communication , and advances in transportation technology .

The challenge now , Accenture says , is for chemical companies to address complexity while delivering on customer demands more effectively and efficiently .

Accenture identifies three areas where chemical companies are innovating to this effect :

• Adapting supply chain dynamically to changing customer needs

• Building a more agile business model leveraging an ecosystem of partners

• Gaining deeper supply chain visibility for real-time decision-making

� TESLA Tesla ’ s results for the first quarter in 2022 showed that total revenues had risen by 81 % year-on-year , to US $ 18.8bn .

� PROCUREMENT Keynote speakers at Procurement & Supply Chain Live : The Risk and Resilience Conference were agreed that procurement has never been more strategically important to businesses

� SUNFLOWER OIL With Russia and Ukraine responsible for 80 % of global sunflower oil production , the cooking oil is being rationed by supermarkets across Europe .

� RESHORING Nearshoring and reshoring could take decades to implement as a response to ongoing supply chain disruption , the sourcing chief of multinational sportswear company New Balance has said .

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