VIDEO: EPCA ’16: New business strategies required amid chaotic global economy
Will Beacham
02-Oct-2016
BUDAPEST (ICIS)–Chemical companies need to adopt new
business models as today’s chaotic global macroeconomic and
political conditions cause long-term changes to chemical
markets, according to consultant Paul Hodges of International
eChem.
Persistent slow global economic growth coupled with more
self-sufficiency in China and overcapacity in oil and
chemicals production are causing major structural changes.
CEOs need to develop innovative, service-driven business
strategies to survive and thrive, says Paul Hodges, chairman
of the research and consulting firm.
Hodges was speaking on the side lines of the 50th European
Petrochemical Association meeting in Budapest.
Read Paul Hodges’ article “Hope is not a strategy” in the
26 September edition of ICIS Chemical Business which is
available at the conference in EPCA delegate bags.
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