“BASF, the world’s biggest chemical maker by sales, has slashed its revenue and earnings targets for 2015, following a further weakening of the European economy and a slowdown in China.” Saturday’s Financial Times headline said it all. BASF’s statement adds to the growing evidence of a major slowdown taking place in the global economy, and highlights how […]
Tag Archives | budgets
New Year is a traditional moment for price increases. And last week didn’t disappoint, with Brent crude oil jumping $3/bbl. Whilst financial markets soared globally on hopes that the US ‘fiscal cliff’ deal might be a sign that policymakers will finally provide leadership to tackle the continuing economic crisis. The only problem is that we […]
As companies finalise Budgets for 2013-15, many will be thinking long and hard about the implications of the IMF’s new economic forecast: “The recovery continues, but it has weakened. In advanced countries, growth is now too low to make a substantial dent in unemployment. And in major emerging market economies, growth that had been strong […]
The blog today celebrates its fifth birthday. Its 1400 posts since the June 2007 launch have covered a wide range of subjects. And one thing is certainly true. There has never been a shortage of topics to cover. Readership has also continued to grow very steadily. As the map shows, the blog is now read […]
Companies are now starting the Budget process for 2012-14. As always, the blog will present its own view next month. It will also review last year’s Budget Outlook, presciently titled ‘Budgeting for Uncertainty’. In the meantime, companies might like to use its recent ‘The world in 2021′ as a way of challenging their own thinking […]
The blog will publish its annual Budget Outlook for 2011 next weekend. And so as usual, its now time to review last year’s Outlook. Past performance may not be a perfect guide to future outcomes. But it is one of the best that we have. The 2010 Outlook was titled ‘Budgeting for a New Normal’, […]
ICIS have now published the blog’s 2010 Budget webinar as a White Paper. Please click here if you would like to obtain a free copy. My thanks go to Nigel Davis for his editing skills, and to Jamie Barnes for masterminding publication.
2010 should be a better year for the chemical industry, as demand grows in line with a recovery in global GDP. But a quick V-shaped return to the 2003-7 Boom years in terms of volumes/margins seems unlikely. Governments will worry about budget deficits, and may well scale down support for critical end-uses such as autos […]
The blog is now preparing its annual Budget Outlook for 2010. Before this is published next weekend, it makes sense to assess the blog’s credibility by looking back at last year’s Outlook, to see how well it performed. Past performance may not be a perfect guide to future outcomes. But it is one of the […]
It is nearly time for the blog’s annual forecast of chemical industry prospects. Of course, past performance is not necessarily a guide to future outcomes. But it is one of the better guides that we have. So before publishing the forecast next weekend, it makes sense to assess the blog’s credibility by looking back at […]
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Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry.
The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts.
Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.