Force Majeure claims by suppliers are on the rise. Have you checked or revised your clause?
Resilinc
MAY 25, 2021
production of polyethylene and polypropolyene, raw materials for a vast range of goods and packaging. Large polymer producers from LyondellBasell in Louisiana to Chevron Phillips Chemical in Texas declared the hurricane a FM event. A major one was Hurricane Laura in August, 2020, which shut down 10% to 15% of the U.S.
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