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We examine the evolution of vertical specialization in three industries: chemicals, computers, and semiconductors. Vertical specialization is the restructuring of industry-wide value chains, such that different stages are controlled by different firms, rather than being vertically integrated within the boundaries of individual firms. In some cases, vertical specialization may span international boundaries and is associated with complex international production networks. After decades of vertical specialization, firms in the chemical industry are re-integrating stages of the value chain. By contrast, the semiconductor and computer industries have experienced significant vertical specialization during the past ten years. We examine how and why these contrasting trends in vertical specialization have co-evolved with industry maturation and decline, and underscore the importance and role of both industry factors and business strategies necessary for industries to become more specialized. We also consider the effects of vertical specialization on the sources of innovation and the geographic redistribution of production and other activities. We conclude that the evolution of vertical specialization in these three industries has both reflected and influenced the strategies of leading firms, while also displays industry-specific characteristics that are rooted in different technological and market characteristics.

The chemical industry is struggling to improve its supply chain performance, and improved asset utilization may help get the industry headed in the right direction. Since most chemical firms own or lease their rail fleets, rail utilization can have a substantial impact on overall asset utilization. The paper aims to focus on current managerial processes and situational factors that impact railcar asset performance.

Rail car cycle data are analyzed, focusing on major sources of variation in transit inventory as railcars move from plant to customer and back.

Findings include the importance of establishing and adhering to policies regarding supply chain practices; substantial differences exist between hopper and tank car performance; distance is not a major predictor of total cycle time variance; and vendor‐managed inventory relationships can operate with less customer inventory.

This paper addresses only one component of supply chain performance: railcar cycle time. Further analysis is needed to investigate differences between hopper car and tank car transit times. Additional research should also involve the railroad companies as participants in chemical firms' supply chains.

The paper provides several practical recommendations for chemical company supply chain managers relating to process controls, focusing on large customer accounts, managing transit time and variation of rail cars between plant and factory. The findings and recommendations can be applied across many industries.

This paper focuses on supply chain practices in the chemical industry, which has been slow to adopt supply chain practices. In particular, this paper investigates railcar coordination as one means of enhancing supply chain performance, reducing both inventory and transportation assets.

The study estimates total factor productivity growth (TFPG) and its components of the 4-digit manufacturing industries of chemical and chemical products in India from 1998–1999 to 2017–2018, pre-economic crises period (from 1998–1999 to 2007–2008) and post-economic crises period (from 2008–2009 to 2017–2018) using frontier approaches, that is, data envelope analysis DEA and stochastic frontier approach (SFA). The components of TFPG are technological progress (TP), technical efficiency change (TEC) and economic scale change (SC). It is found that the growth rates of total factor productivity (TFP) in most of the 4-digit industries of chemical and chemical products in India increased during the post-economic crises period (from 2008–2009 to 2017–2018) and the increase in TFPG of them during that period is mainly accounted for by the increase in TP of the same during that period. The TEC of almost all the industries remains the same, however, declined during the post-economic crises (from 2008–2009 to 2017–2018) and SC of them remains very low or even negative during the aforementioned study periods.

The study aims to evaluate the informational value to investors of the Toxics Release Inventory (TRI) as an external outcome measure of corporate environmental performance. Emphasis is placed on the market response differences between three highly polluting industries.

The study uses pooled cross‐sectional, time‐series data and an event study methodology to examine the effects of TRI emissions on abnormal market returns.

There is empirical evidence that market reactions to TRI emissions information vary by industry. Investors reward decreases in emissions in the electric utility industry, but do not penalize increases. In the chemical industry, increases in emissions are penalized, but decreases are not rewarded. Models do not capture any reaction to emissions changes in the pulp and paper industry. These results may be explained by the significant difference between industries in the US percentage of total firm sales.

This research analyzes only data from US firms in three industries and evaluates a single measure of environmental performance, TRI. The value of TRI information is measured for one stakeholder group. Future research should attempt to address these limitations.

The results suggest that research on the effects of environmental performance on market‐based measures should estimate models by industry, whenever possible. From a public policy perspective, the results suggest that regulators may want to consider alternative methods of reducing chemical emissions beyond TRI disclosure in the chemicals and pulp and paper industries.

The study distinguishes between the value of TRI as a “message service” and the content of the “message”. TRI may provide information of value to investors, but performance changes may not be sufficient to merit a price response. The study also specifically addresses industry differences and clearly shows how average coefficients can be misleading relating to this one environmental performance indicator. The use of pooled industry coefficients may lead to inefficient resource allocation decisions within industries and ineffective policies at the regulatory level.

Focuses on, and provides a background of, the REACH Regulation, a new system of registration, evaluation and authorisation for chemicals.

In October 2003 The European Commission presented to the European parliament and the Council of the European Union (EU), a proposal for a Regulation that will radically reform Europe's existing chemical policy. The so‐called REACH Regulation will introduce a new system of Registration, Evaluation and Authorisation for Chemicals introduced on the EU market in volumes over 1 tonne per manufacturer per year. It will also establish a central Chemicals Agency to oversee the efficient operation of the new regulatory system. The implications of the draft Regulation on Europe's chemical manufacturers, importers, formulators and those sectors that either use or process chemicals, such as the electronics industry, will be manifold.

Despite a number of concessions granted to the chemical industry following an internet consultation, there remain serious doubts over the workability of the system, as well as concerns over substantial product losses and fears over the competitiveness of Europe's chemical industry.

This paper sets out to provide a background to the proposed reforms and an outline of the main components of the REACH system as well as a summary of some of the likely key impacts on the PCB industry.

The aim is to study how the chemical industry in Tarragona (Spain) uses the internet to communicate with its community on issues relating to chemical risk and the impact of the chemical industry on the environment, health and safety.

A specific methodology was defined allowing the corporate websites of the chemical industry to be studied. A content analysis methodology was used, searching the information that exists on the corporate websites of the most significant trade associations and chemical companies in the Tarragona conglomerate.

The results suggest that there are some common characteristics of the chemical industry strategy in providing information on their corporate websites about the chemical risk and the impact of the chemical industry: a tendency to globalise the information about these issues, the maximisation of the positive concepts such as safety and commitment, and the minimisation of the negative concept of risk.

The study was carried out on a small number of companies, thus the results cannot be considered statistically representative of the entire chemical industry in Spain. In addition, the Tarragona population was not asked for their views on these corporate websites.

The results show the treatment of information concerning chemical risk in the most important trade associations and companies in the sector, the state of information concerning chemical risk on the corporate websites of such organisations, and the risk communication strategy of these companies through the internet. It also presents the design of a specific methodology suitable for analysing the information available on chemical risk on the corporate websites of companies, institutions and organisations of any kind.

The title for this paper was selected advisedly, for it will serve to correct a popular misconception about the part the Chemical Industries Association plays in the collection and dissemination of statistics about the chemical industry.

The objective of this study was to examine the trends in the specialty chemical industry that have led to the rising number of agile practices and “virtual” organizations. The current state of the industry is also presented. An agile company can be defined as an enterprise that is capable of operating profitably in a competitive environment of continually, and unpredictably, changing customer opportunities. The five most prevalent agile practices in the specialty chemical industry can be summarized as, entering niche markets through custom chemicals manufacturing, improving relationships with suppliers (also, a lean manufacturing practice), formation of strategic partnerships, adaptation of advanced technology/research, and the emergence of “virtual” firms. Examples and case studies from other authors are cited and commented upon with respect to these five agile practices. In addition, actual results from the study of a small specialty chemical firm have been used to ascertain the level of agility that this firm utilizes. A comparison of this manufacturing company's practices with the case studies from the literature reveals how a small‐intermediate size manufacturer can properly implement many agile manufacturing practices and position itself for growth and competitiveness in its category and class.

The European Commission (EC) has drafted a proposal for reforming the European Union's (EU) chemicals policy. The chemical industry has welcomed the broad political objectives of this policy, particularly those of increased protection of human health and the environment. The chemical industry also agrees that the existing process for chemicals regulation in the EU has proven to be slow and inefficient. However, it has reacted strongly to many of the finer details of the proposal, and there is a growing consensus that if the EC implements the strategy as currently outlined in the White Paper on the “Strategy for a Future Chemicals Policy” it will have very serious implications on the competitiveness of Europe's chemical industry and related sectors.

The Responsible Care programme was first introduced in Canada in 1985 and now is implemented worldwide as one of the chemical industries' commitments to improve the industries' public image as well as their performance in health, safety and environmental aspects. In Malaysia, the Responsible Care programme has been implemented since 1994 with a current total of 148 companies pledged to implement it in their company; however, the effectiveness of the programme remains unknown. Hence, this paper aims to assess the effectiveness of the Responsible Care programme in improving performance in the environment, health and safety in terms of documentation, training, selection processes and stakeholders' engagement for the sustainability of chemical industries.

A survey was administered to the Responsible Care signatory companies in Malaysia. Of these, a total of 132 member companies either produced or provided services related to chemical products.

The majority of signatory companies agreed that the Responsible Care programme did improve their performance in the environment, health and safety. Besides that, the signatory companies were also keeping up their commitment to ensuring documentation, training, selection process and stakeholders' engagement run smoothly in line with Responsible Care's mission.

After more than two decades of implementation in Malaysia, it is important to assess the Responsible Care programme's effectiveness. As an increasing number of chemical firms, without good management, it will possibly pose a danger to the environment and human health and safety. Through assessment, advances in Responsible Care management practices will considerably increase programme effectiveness in terms of environmental health and safety.