Its now 3 years since the Great Recession began. US GDP is still below previous peaks, despite $5trn of stimulus spending and quantitative easing. The position in the Eurozone is even worse. China’s economy will be lucky to escape with a ‘soft landing’. Policymakers seem to have lost the plot. They have forgotten, or maybe […]
Tag Archives | shared value
As promised, the blog looks today at the USA’s trade position in polyethylene (based on data for the January-August period from Global Trade Information Services, the leading global supplier). The chart shows US net trade (exports less imports). This peaked in 2009 (green column), with net exports of 1.6 million tonnes. Volume had risen 69% […]
Last week’s New Normal seminar in Houston continued the success of the Singapore and Frankfurt events. It sparked lively debate about the major opportunities for future growth in the New Normal. These include: • The over-55 age group in the West – already 272m in number • Those millions emerging from poverty in the East […]
The 10000 readers who downloaded the blog’s first Budget White Paper in December 2009, ‘Budgeting for a New Normal’, will remember the issues highlighted in the triangle above. At the time, they were being widely ignored, as policymakers assumed that the economy would soon return to its previous SuperCycle. Today, this optimism has been revealed […]
100 million children in developing countries can’t to see the blackboard in school, because of poor eyesight. They need self-adjusting glasses, because of the shortage of optometrists. So the blog was delighted to learn about Dow Corning’s work with the Centre for Vision in the Developing World to overcome this problem. Their new Child ViSion™ […]
The US economy is worth $15trn, 24% of the global economy. Domestic consumption, accounts for 70% of the US total. This means the US consumer represents 17% of the global economy. China’s economy, although the 2nd largest in the world, is just $5.7trn. And its domestic consumption is much smaller, representing only 3% of the […]
The blog’s special series this week has focused on housing in 3 key markets – the USA, UK and China. Housing is a core sector for chemical and polymer demand, and it has been particularly important over the past 30 years: • The Western BabyBoomers (those born between 1946-70) have been in the 25 – […]
GE’s then CEO, Jack Welch, launched the Shareholder Value concept in 1981. It has since led many investors to adopt a purely short-term focus on financial metrics, rather than longer-term opportunities. The only problem is that, as Welch admitted 2 years ago, it was “a dumb idea“. Now, one of the world’s great management thinkers, […]
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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.