Rough Seas Ahead

The chemical industry is bracing for uncharted waters beginning June 1 when the European Union’s (EU) mammoth environmental testing law, known as the Registration, Evaluation, and Authorisation of Chemicals (Reach), takes effect. The chemical industry’s direct cost to register products under Reach will be about €2.3 billion ($3.1 billion), the European Commission says. However, the bigger concern for executives is navigating the indirect economic impact of Reach, including legal costs, labor spent on management and administration, new software...

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