Processing, April 2020

INDUSTRY WATCH N E W S N O T E S A N D I N S I G H T S F R O M A C R O S S T H E P R O C E S S I N D U S T R I E S C The International Pharmaceutical Expo INTERPHEX and the co located Chemspec USA which were originally scheduled to take place April 28 30 at the Javits Center in New York City will now take place July 15 17 at the Javits Center We know how important INTERPHEX is to our customers business and it is our top priority to provide the forum for INTERPHEX and Chemspec USA to allow business to continue Randy Field Group Vice President Reed Exhibitions said in a March news release announcing the rescheduling The INTERPHEX community is uniquely equipped to support authorities and have a positive impact on addressing the COVID 19 virus Therefore weve made the decision to postpone INTERPHEX 2020 to July 15 17 2020 We believe this is the right decision for our customers and the industry in general which is a vital part of getting the pharmaceutical supply chain back on track post outbreak Originally scheduled to take place April 28 30 the International Powder Bulk Solids iPBS Conference Exhibition will now take place October 6 8 2020 at the same location the Donald E Stephens Convention Center in Rosemont Illinois We have been closely monitoring the situation and are following the guidance of the World Health Organization WHO and leading health authorities Steve Everly brand director of iPBS Informa Markets said in a March news release announcing the shows rescheduling Due to the gravity of the situation we have come to an overwhelming consensus that rescheduling iPBS is the appropriate response to assure the wellbeing of our exhibitors attendees speakers and staff As we move forward in navigating this challenging time as a united community our thoughts are with those who have been directly and indirectly affected by COVID 19 The Offshore Technology Conference organizers said the show which was originally scheduled to take place May 4 7 will be rescheduled for the third quarter of 2020 OTC added that it is actively working to confirm potential dates in August or September 2020 According to an OTC news release announcing the postponement show organizers will be communicating with authors speakers exhibitors and partners to develop the new plans and ensure the conference continues to provide a platform for energy professionals to meet and exchange ideas Courtesy of iPBS 8 Processing APRIL 2020 MARKETS UPDATE Supply disruption highlights Indias overdependence on China for APIs says GlobalData The impact of the coronavirus COVID 19 outbreak on industries ranging from technology to automotive has been the subject of intense analysis in the recent months This has exposed dependence of India on China for its active pharmaceutical ingredient API requirements For Indias pharma industry which is staring at a probable supply chain disruption of APIs this is a wakeup call to reduce dependence on China according to GlobalData a leading data and analytics company GlobalData forecasts the Indian pharmaceutical market to increase from nearly 343 billion in 2020 to more than 45 billion by 2025 Reportedly Indian pharma players depend heavily for their bulk drugs and drug intermediates on China According to the Department of Commerce of India Indias pharmaceutical imports from China were 148 million in 2018 19 up by 1681 vs 127 million in 2017 18 Against this backdrop the Indian government had already called up the Indian pharma companies to ramp up the production of 38 APIs to end dependence on China Cheese packaging market to surpass 5 billion by 2029 FMI finds Demand for cheese packaging is set to account for a market value of over 5 billion toward the end of 2029 according to a study from Future Market Insights Majorly driven by the fast food sector and on the go food products manufacturers demand for processed cheese continues to be on an upward trend This would remain a prominent booster to the growth of cheese packaging market in the following years Protective packaging solutions designed for cheese COVID 19 concerns postpone industry events INTERPHEX iPBS and OTC all rescheduled or postponed oncerns over the COVID 19 virus led to the postponement of three significant processing industry events INTERPHEX the International Powder Bulk Solids Conference Exhibition and the Offshore Technology Conference were all rescheduled or postponed Here are updates on all three events