Analysis of COVID-19 challenges to the global chemical industry

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The article concludes by stating, “Companies should observe short-term market and demand trends, consider online shopping and digital customer interaction, enhance business models, and search for acquisition opportunities.” Digital commerce should not be viewed as a short-term tool, but rather a strategic, long-term model for success.

The Pandemic Forced New Business Models in the Chemical Industry

Due to the current global crisis caused by COVID-19, the chemical companies around the world, especially its workers are at high risk, and so actions need to be done to protect the people, the liquidity, and the operations. One of these is implementing programs that are centered on processes, infrastructure, and management capabilities, which are needed for triage and response.

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