The past 18-24 months have seen seismic challenges to global supply chains. From a scarcity of ocean freight, a proliferation of force majeures and a blocked Suez Canal – we have often seen the ‘unprecedented’ in recent times. As a result, procurement strategies have become a growing focus for many businesses, and it is vital robust, effective, and efficient supply chains can be relied upon.
The European chemical industry showed remarkable resilience amid the economic turbulence and supply chain disruptions of the post-pandemic period, cushioning the impacts of global crises such as the Ukraine war and energy security issues. Yet, inevitably, growth has been impacted.
On 28 November 2023, a plane flew from London to New York. For the first time in history, this transatlantic flight was 100% powered by sustainable alternative fuels. This rounded off a promising year for sustainable fuels in aviation. Earlier in 2023, the ReFuelEU Aviation Regulation was adopted by the European Union, mandating a 70% sustainable aviation fuel blending obligation by 2050.