Reviewing the history of the United States, you will note that during times of economic strife there are usually industry segments that thrive. Some of those segments thrive for all the correct reasons. And then, there are some that do not. One segment that is thriving during this latest economic crisis is the ocean carrier community.
Established in 1971, NACD has been enhancing and communicating the professionalism and stewardship of the chemical distribution industry for fifty years. 2021 has already been a whirlwind of a year, but we would be remiss not to take a moment to reflect on this huge milestone.
Would you know what to do if you were the victim of fraud? We were recently alerted to an incident involving one of our member companies that saw them lose $750,000 of product.
Safety incidents among our membership has shown a significant nearly 16% decline over the past nine years, according the recently published 2020 Membership & Safety Report – with only one incident per 8,841 shipments.
The ever-changing financial markets mean that it’s tough to plan even a few weeks ahead right now - but given this challenging environment, there’s never been a better time to consider your personal financial planning and look to the long term.
Today marks the sixth International Day of Women and Girls in Science and if the past year has shown us anything, it is that any bright future for America relies heavily on scientific and technical innovation in essential sectors like health care, energy, infrastructure development, and food production – all of which depend on chemistry. But without a robust, inclusive workforce we will not only lose our competitive edge as a global leader in innovation, our economic prosperity will also deteriorate.
We’re living in such unprecedented times that a clearer idea about what lies ahead in the coming months is always welcome. We’re therefore excited to offer NACD members discounted access to ITR Economics’ monthly webinar series, Managing in an Uncertain Economy.
In the chemical distribution industry, successfully navigating international trade issues is paramount. Nearly every NACD member depends upon effective trade programs to support and grow their business. With the expiration of two critical trade programs and the expected shifts in policies with the new administration, NACD is working with our members to continue advocating for commonsense trade programs and is offering new tools to help members navigate the ever-changing trade landscape.
As we look to the new year, and what will hopefully be a safe and successful 2021, we’re excited to announce the first in a series of virtual Washington Fly-Ins to ensure our advocacy efforts are still being heard on Capitol Hill.
In the last week or so we have experienced some of the most tumultuous days I have ever witnessed here in the Washington, D.C. area.