More chemical industry leaders are making bold strategic decisions to combat a multi-year downturn, driving their companies to focus on areas where they can seize a competitive advantage.
- China-driven overcapacity could imbalance global supply/demand until 2030
- Need for large-scale capacity closures to balance market
- Companies can choose to focus on commodities or become specialty/low carbon players
- CEOs waking up to the need for a radical examination of their assets and strategies
- A trickle of announcements about closures and restructurings turning into a flood
- Leaders such as BASF, Dow, LyondellBasell, Versalis take bold steps to reduce their commodity footprint in Europe
This is the audio podcast version of a special ICIS Think Tank Live webinar recorded on 30 October.
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