According to the Indian Paint Association (IPA), the paint and coatings industry is set for remarkable expansion, demonstrating a robust, double-digit compound annual growth rate. As the sector continues to grow and evolve, the need for expert 3PL solutions that can offer customized, comprehensive solutions becomes increasingly significant.
The company has acquired 50.1% of distribution company Losi Group, a solutions provider for bonding composite materials and surface technologies for the aerospace industry, defense sector, MRO, motorsport, and the high-tech automotive industry.
Brenntag is one of the very first distributors globally certified for the full chain of custody for direct shipments and warehouse business for the first 9 out over 20 warehouses currently in scope.
Both the paint and coatings and chemical distribution industries are undergoing various changes, which have brought new technological advancements and sustainability initiatives to the forefront of their businesses. These changes ensure that companies, end users, partners, and producers remain competitive in an evolving global landscape.
For the third consecutive year, the company is recognized for its continued focus through environmental sustainability, social impact, and corporate governance (ESG) targets.
The Alliance for Chemical Distributionurged the agency to reconsider proposed changes outlined in its Advanced Notice of Proposed Rulemaking (ANPRM) due to potential industry disruption concerns.
Over the last few years, businesses of all sizes have faced significant challenges, from labor shortages to high inflation, and ongoing supply chain challenges. The NACD worked with PCI to convene members for a roundtable discussion to examine these pressing distribution issues, enhanced sustainability expectations, and the implementation of innovative technology into business practices.
Although sustainability isn’t a new concept, its integration into daily business practices is prevalent, and important to shareholders, investors, customers, and employees. The NACD recognizes the great responsibility of applying and developing commonsense, sustainable business practices and supply chain operations. The organization describes its ongoing progress to reaffirm to industry partners and customers that it is focused on building a business that delivers a better future.
