Opinion: Assessing Threats to Raw Material Supplies

Opinion: Assessing Threats to Raw Material Supplies

Contact Author Barry Dowles, Berje Inc.
Fill out my online form.

Unlock a Wealth of Knowledge! This is just part of the article. Want the complete story, plus thousands of other in-depth technical articles to help you create winning profiles? Just upgrade or start your subscription today.

We can equally cite the emaciated US dollar, which shows little sign of a comeback. Now pile on top of this mayhem the closure of several factories and the cessation of large segments of commercial traffic, as the Chinese government sought to create an environmental and security Shangri-La, if only for a moment, during the Olympics. But, before we dispatch sympathy cards or organize support rallies for the industry, a little historic perspective is in order.

Metamorphosis of the Buyer

Back in the 1970s when gas was 50 cents per gallon and a loaf of bread half that, raw materials were in such short supply that an allocation system emerged and for a brief moment—and I mean brief—sellers dispensed favors like lofty potentates. In what we elder statesmen (a euphemism for the really old guys that turn up at Fragrance Materials Association meetings) would refer to as the good old times, sellers literally set the prices and delivery schedules, with buyers gratefully accepting them in joyous relief at having actually found materials.

Want the rest of the story? Simply upgrade or start your subscription today. It’s easy. Plus, it only takes 1 minute!