Assessing the Fragile State of the Global Economy and Chemical Industry

LONDON (ICIS)--As geopolitical tensions have cooled, the chemicals industry did not have time to react to the spike in oil prices, and the seasonal demand drop in Europe could be more severe than the traditional summer lull.

• China polypropylene flooding global market, outpacing domestic demand
• Chemicals industry as leading indicator warns of wider economic ill health
• Shutdown of plants in Europe is massive crisis
• Vietnam 20% tariff from US will weigh on both economies
• Risks of US cutting social security, international relief funding
• Key economies not as strong as presented
• Climate change needs to be a priority for businesses
• CEO beset with challenging conditions
• Working patterns reshaped by climate change
• Stark landscape provides opportunities for innovators to thrive

In this Think Tank podcast, Morgan Condon interviews John Richardson from the ICIS market development team, and Paul Hodges, chairman of New Normal Consulting.