Chemical Industry Standard
The Chemical Industry
The chemical industry is central to the global economy because its raw products create numerous other products. Because the sector is very competitive, chemical companies need to work efficiently while meeting legal and environmental requirements.
About the Chemical Industry
The chemical industry harvests raw materials, including minerals, natural gas, metals, water, air and oil. Through chemical processes and reactions, the raw materials are then converted into:
- Products such as petrochemicals, polymers, explosives, ceramics, oleochemicals, flavors, rubber, elastomers, fragrances and agrochemicals
- Consumer goods
- Inputs for the agriculture, construction, manufacturing, telecommunication, computing and service industries
As a result, the chemical industry creates many manufactured products and goods across numerous sectors.
Chemical manufacturers and processors are located where the raw materials are. Products such as pharmaceuticals, plastics and fertilizers are manufactured nearly anywhere. Many petroleum and natural gas refineries are wherever reserves can be found, usually on the coast or in the ocean.
The chemical industry influences the globe’s overall quality of life by impacting:
- Health care
- Safe water supply
- Computer technology
Challenges the Chemical Industry Faces
Some challenges within the Chemical Industry are:
- Environmental effects: Natural events in the region where your supplies come from can cause an environmental hazard, damaging the environment and your company’s employees and brand. Environmental damage requires remediation for the local area and your company’s reputation, as consumers negatively receive these incidents.
- Public health: In addition to the environment, chemical manufacturers are pressured to assess how their products and processes affect public health. Special varieties of chemicals may involve dangerous reagents that must be managed, and production may release high volumes of emissions.
- Geographic location: The location of the product’s origin can present financial and logistical challenges to your chemical company. The distance may make transportation complicated and expensive. Geopolitical events may interrupt the region’s supply chain, affecting your company’s product.
- Supplier visibility: Chemical companies need transparency in their suppliers’ business practices. This knowledge ensures the raw products are good quality. Supplier practices also need to meet environmental policies, security requirements and good manufacturing practice (GMP) regulations.
- Trade tensions: Complex and numerous trade agreements can lead to disputes that hurt your chemical company’s operations. Some causes of these disputes are supply disruptions due to geopolitical events and the unpredictable nature of foreign exchange.
ISO standards for the chemical industry can independently or cohesively target your supply chain. These regulations will help you identify, assess and mitigate your global supply chain processes and risks.
Other Related Standard
Benefits of Chemical Industry ISO Certifications
ISO certifications for the chemical industry will help your chemical company overcome common challenges and stand out in a competitive field. These regulations will benefit your chemical company by:
- Reducing operating costs: Running your manufacturing plant efficiently will cost less. You can use these funds to invest in essential areas of your business or future growth opportunities.
- Increasing product quality: A comprehensive management system with several quality checks will produce better end products. Quality also creates consistency from day to day and product to product.
- Improving supplier and customer relationships: High-quality products will encourage your suppliers to work with you and motivate customers to purchase from you. ISO standards are internationally recognized, so certification to your chosen regulation will encourage other companies to do business with you, boosting your enterprise and economies.
- Meeting regulatory requirements: Chemical companies have to demonstrate their compliance to local and federal regulations. ISO standards for the chemical industry will help your business follow these regulations and stand out in the industry as a reputable source.
- Lowering environmental impact: Certification to environmental standards such as ISO 14001 means your company will follow ecological guidelines and manage its environmental aspects. Eco-friendly operations will reduce your waste, make energy consumption efficient and improve your brand image.
- Fostering a safe work environment: Compliance to occupational health and safety standards such as ISO 45001 ensures your conformity to federal laws. It will help you identify and reduce the harmful aspects of your work to keep employees healthy.