SOCMA Fosters Collaboration to Strengthen Domestic Sourcing Amid Tariff Challenges
SOCMA, the leading trade association representing the specialty chemical industry, is fostering collaboration among its members to strengthen domestic and North American sourcing while recognising the importance of international sourcing. The organization is actively addressing challenges posed by new tariffs and protectionist policies.
SOCMA is pursuing a strategic approach to tackle these issues. It engages in active lobbying and advocacy to inform decision-makers about the negative impacts of tariffs and trade barriers. The organization fosters industry networking to develop common positions and represents the sector's interests collectively. SOCMA provides regular training and information to its members on current trade issues. It also works internationally to secure fair competitive conditions for its members. The organization supports members in adapting their supply chains to become more resilient. SOCMA also raises public awareness about the importance of open markets and the dangers of protectionism.
SOCMA members rely on globally sourced raw materials that are not available at scale regionally. They convert these into high-value, performance chemistries for critical sectors. SOCMA engages directly with policymakers to ensure tariff structures are reviewed thoughtfully and appropriate exemptions remain available where domestic alternatives don't exist. The organization advocates for a strategic, sector-specific approach to trade policy that reflects the realities of how specialty chemical manufacturers operate within global value chains. SOCMA prepares its members for future challenges and emphasises the importance of regional supply networks in maintaining industry resilience.
SOCMA, under the leadership of President & CEO Jennifer Abril, is building networks among member companies and navigating industry challenges. Through its Vision 2030 initiative, SOCMA aims to elevate the role of specialty chemical manufacturing in North America as a strategic engine of innovation, economic resilience, and global competitiveness. Despite being deeply rooted in regional manufacturing, SOCMA operates within globally integrated supply chains. It acts as a central resource for specialty chemical manufacturers, providing real-time policy updates and practical guidance.
Read also:
- TikTok's deal negotiations continue following a conversation between Xi and Trump
- Trump announces agreement with Chinese authorities on TikTok deal
- Quantum Computing Market in the Automotive Sector Forecast to Expand to $6,462.13 Million by 2034
- Texas finalizes 1.8 billion dollars for the construction of solar, battery, and gas-fueled mini-grids