The recent cold weather that hit Texas had major supply implications on the sealants, adhesives, and coatings industries. The Adhesive and Sealant Council (ASC) recently issued a statement that supply chains and inventories could take weeks or even months to recover. The images below show the impact better than anything I could write.
At the risk of getting a bit geeky, the high-level summary is that the base raw material (monomer) producer that supplies latex based chemical (polymer) producers has been operating at reduced levels, therefore creating downstream production shortages.
Unfortunately, (REMOVED NAME) has not been immune. We have received official announcements from multiple suppliers, invoking their Force Majeure clauses (which is a fancy way of saying that they are unable to fulfill supply contracts because of circumstances outside of their control) indicating that our supply of raw materials will be reduced for the next 60 - 120 days. Brands currently impacted include Big Stretch, CleanSeal, Mor-Flexx, Slab, eXact Color, and Conceal.
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03-13-2021, 06:01 AM
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