Coronavirus has taken over the world and its impact on the chemical sector has been noxious. Apart from human toll, coronavirus has shattered and shaken many beliefs, value chains, and customer behaviors. It has affected the world physically, socially, and economically. The industrial activities have been halted, supply chains have been disrupted, laborers facing the risk of getting infected, government restricting the movement are all enough to understand that the chemical sector is one of the biggest victims of coronavirus. All the sectors are facing the impact of coronavirus but the manufacturing sectors like the chemical industry are more deeply affected due to the disrupted supply chain.
The chemical industry is the backbone of industrialization and development. It contributes about 7% of the total GDP employing around 2 million people. And Chemical production has seen a decline of 3% globally as an effect of coronavirus.
