By JONATHAN NAPOLITANIAssociated Press – JANUARY 03, 2019The world’s largest chemical industry has struggled to keep pace with a changing climate and the growing need for more affordable energy, a new report finds.
Chemicals such as chemicals for food and beverages, pharmaceuticals and pesticides are all key industries in Brazil.
But the industry has lagged behind the rest of the world in terms of new applications, growth and innovation.
Companies are struggling to keep up with a shift to cleaner, cheaper energy sources and the demand for more efficient and more reliable manufacturing methods.
In the past five years, Brazil’s chemical industry shrunk by more than 30%, according to the Brazilian Chemical Industry Association (BCIA).
That represents a 16% decline from the peak of 1,921,000 jobs in 2019.
The BCIA is now hoping to boost its production and innovation by creating an ecosystem of companies, researchers and researchers to support the industry and bring it back to the global stage.
A report from the Brazilian Association of Chemical Industries (ADCI) estimates the industry lost 3.2 million jobs in the first half of 2020, mostly in the food and beverage sector.
That’s an 8% drop from the previous year, according to ADCI.
“Brazil needs the industry to be more competitive, so the government has to provide the incentives,” said Eduardo Fazio, the BCIA president.
The new government, led by President Michel Temer, is trying to boost the industry’s competitiveness and the country’s exports of chemicals.
Its plan to boost exports of raw materials such as cement and metals from the country to other countries by 40% by 2020 is one part of Temer’s plan to diversify the countrys economy and increase its exports.
Temer is also working to boost domestic production of chemicals by improving the efficiency of the country and opening up more domestic production, according the Brazilian Business Federation.
Temmer’s government is trying so hard to increase exports that it has set up a special committee, the National Association of Manufacturers, to boost manufacturing skills and promote exports.
The committee is also trying to improve the industry-led economy, Temer said.
Temers government has been working to increase domestic production to a point where it is ready to take on imports from China, the report found.
But Temer has been unable to create the infrastructure necessary to produce domestically.