The Chemical Processing industry is facing a logistics crisis. Rail transportation service providers have recently increased their bottom line by hundreds of millions annually. Shortages of certified chemical drivers and specialized equipment have driven up costs and lowered availability. Ocean freight movement is becoming more complicated due to limited port and carrier infrastructure. And it’s only going to get worse with the gulf coast capital boom, geopolitical dynamics and looming risk of a recession.
Despite these increasing challenges, many chemical companies still treat logistics as an afterthought, leading to overspending up to three times the benchmark. With the industry at a clear inflection point, it’s time for Chemical companies to take immediate action to protect their bottom lines.
EFESO partnered with Chemical Week to produce a one hour webinar and Q&A session to discuss the state of the transportation crisis and what chemical companies can do to proactively tackle the challenges and build a comprehensive logistics excellence strategy. Our speakers were Clarence Gooden, former President of CSX Corporation, EFESO’s Chuck Deise, Senior Vice President & Partner Chemical Processing Industry, and EFESO’s Bruce Work, Vice President Supply Chain & Logistics Practice.
Listen to the replay now to learn how to navigate today’s increasing transportation challenges, mitigate risk and increase profitability.