Chemical Technology | Chemical Engineering | Chemical
To survive and succeed in today’s economy, small and medium-sized businesses need to prepare for rapid growth and globalization. And the business challenges and market expectations for smaller companies are not much different from those faced by large global chemicals producers. They need to develop innovative applications and formulations, respond quickly to changing customer needs, manage complex supply chains, and deal with increasing regulatory requirements. n 2015, chemical companies invested $93 billion in research and development. We invest more to innovate than the electronic, automobile, and healthcare industries. The business of chemistry excels at continuously bringing new, imaginative and innovative ideas to market—and tomorrow will be no different. As technology advances, Americans must feel confident that the federal regulatory system is keeping pace with the applications of chemistry. Our nation’s primary chemicals management law must be updated to adapt to scientific advancements and to promote that chemical products are safe for intended use—while also encouraging innovation and protecting American jobs.