DIRECTOR (RS) AND DIRECTOR (JS), MERCURY LABORATORIES
"After the pandemic, India has become one of the most recognized medical suppliers to the world as the country has shown that it can supply to ever increasing demands."
PRESIDENT, MALAYSIAN PETROCHEMICALS ASSOCIATION (MPA)
"The dynamics of competition are highly fluid today, and I believe the industry will find success in well-defined, specifically targeted products rather than by competing with the same undifferentiated products."
"One of our strategies is to closely monitor market prices and future trends based on several factors such as weather, natural phenomena around the world, geopolitical situations, and other topics that changes prices and availability."
"We created a new product line focused on renewable, circular, and low carbon products this year, and we see Latin America as a key market to grow here."
GENERAL MANAGER, LTH LOGISTICS GROUP (VIBRANT GROUP OF COMPANIES)
"Global supply chain constraints, including vessel and container shortages, have been the biggest factor dampening the return of growth in both Singapore and Malaysia."
"We have seen trends toward specialty chemicals to feed the auto and houseware industry, which is largely concentrated in the northern part of the country, so we have increased the storage capacity of these chemicals."
"We are planning on increasing our production and storage capacity in North America and strengthening our distribution strategy based on the lessons we gleaned from the pandemic."
In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.