Despite their benefits, long term contracts can pose challenges:
1. Market Fluctuations: Changes in market conditions or raw material prices can affect the agreed-upon terms, requiring renegotiations. 2. Technological Advances: Rapid advancements in catalysis technology may render existing catalysts obsolete, necessitating contract modifications. 3. Supply Chain Disruptions: Any disruption in the supplier's ability to produce or deliver catalysts can impact the manufacturer's operations.
