ILMA Compoundings - November/December 2020 - 17

Virtual Annual Meeting Wrapup Sponsored By

adding that businesses lift people out of poverty, create value
and can serve a higher purpose. " We need to elevate and
celebrate capitalism. "
However, traditional American-style capitalism is no longer
working for many Americans, and Sisodia said 51% of Americans between 18 and 29 have a positive view of socialism.
" We need a new way of thinking about business, " he said,
adding that businesses need to create value for all stakeholders and embrace conscious leadership. " We need to have
caring cultures, so people enjoy their experience at work. "
Sisodia added that businesses need to communicate their
values and their goals. " We need to tell a more human story
about companies, " he said. " We need to tell a better story
and win the hearts and minds of people. "
ILMA Town Hall: Industry Experts Discuss
Supply and Demand, COVID-19 and More
Several lubricants industry members came together during
ILMA's Town Hall meeting. The session featured: Gena Harm,
president of Afton Chemical; Luc Girard, president of Sanjuro
Consulting; Jim Eggenschwiler, principal of global trade and
chemical regulations services for the Redstone Group, a Trinity
Consultants Co.; Jeff Leiter, ILMA's general counsel; and Steve
Best, AMR product line manager, AEO, for Chevron Oronite.

Harm told attendees that while there was a significant
impact to demand during the second quarter, the market
has rebounded quickly. " We expect the end of the year to
stay strong as long as we avoid another lockdown, " she said,
adding that communication is critical for business continuity. " Right now, I think what is important for all of us
is to make sure we're spending a lot of time talking to each
other about supply and demand, that we are doing supply
forecasting and taking a look at all of our supply contracts to
make sure we have strong supplies. "
Leiter said the Centers for Disease Control and
Prevention and the Occupational Health and Safety
Administration (OSHA) have changed their guidance
on COVID-19. He outlined several best practices ILMA
members can take to be proactive during the pandemic. He
recommended that ILMA members stay current on federal,
state and local reporting requirements and understand their
obligation to tell employees about positive cases in the workplace. Leiter recommends business operators have a written
plan that outlines how to manage COVID-19 cases in the
workplace. ILMA has compiled COVID-19 resources and
information on its website.
During the session, which was sponsored by Chevron
Oronite, Best said testing has begun for General Motors'
(GM) dexos1™ Gen 3. However, GM has not determined
the pass-fail criteria.
Girard said ILMA's Ethics Committee is working to
modernize the testing profile for engine oil. The current
testing oils were developed 15 years ago, he said. " We made
adjustments when dexos Gen 2 came out and had its own
[low-speed pre-ignition]. We had to mentally adjust that
we were going to start seeing more magnesium than we did
before, " he said.
There are international actions that will affect the
lubricants industry. Eggenschwiler said Brexit has become
newsworthy again, and the European Union (EU) and U.K.
have made a lot of progress in determining a regulatory
structure. He said the U.K. could make a regulation similar
to the Toxic Substances Control Act (TSCA) that would
be used while it develops its own system. Eggenschwiler
also said a growing number of South American countries
are adopting chemical substance registration systems. He
advised companies looking to export to South America to
examine the regulatory environment ahead of their launch.
Sustainability Taking on Greater Importance
Globally
Sustainability is a top concern both within the U.S. and
abroad, and ILMA's Safety, Health, Environmental &
Regulatory Affairs (SHERA) Committee discussed the
importance of sustainability during its meeting at the ILMA

17



ILMA Compoundings - November/December 2020

Table of Contents for the Digital Edition of ILMA Compoundings - November/December 2020

ILMA Compoundings - November/December 2020 - Cover1
ILMA Compoundings - November/December 2020 - Cover2
ILMA Compoundings - November/December 2020 - 1
ILMA Compoundings - November/December 2020 - 2
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