Supply chain disruptions affect availability of raw materials
Since the outset of the COVID-19 pandemic, businesses throughout the world have come under pressure from insufficient supply of essential materials. Raw materials used in Ecolab Inc. (Ecolab)’s manufacturing include an array of organic and inorganic chemicals. The company reports purchasing more than 10,000 raw materials annual, with the largest single raw material representing less than 4.0% of total purchases. Ecolab has encountered supply chain disruptions as a result of the global health crisis and general business impediments; however, the company believes these obstructions to be short-term in nature.
ESG|Structural|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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