Getting Started On Rebuilding Your Company Strategy

Business, China, Company Strategy, Economics, Environment, Europe, Sustainability, Technology, US

TopDownChart

By John Richardson

THE New Normal is a journey of discovery, as my colleague Paul Hodges pointed out in his blog post yesterday.

As this latest global economic crisis develops, it is vital that we start the journey otherwise many of us will end up out of work. Some chemicals companies will simply not survive unless they dismantle and completely rebuild their strategies.

Strategies will, of course, need to be region-specific. What works for China will be different from how you will need to reshape your businesses in the rest of Asia-Pacific and the West.

And so, over the next few weeks, I will publish a series of blog posts on each of the regions, starting with China on Monday.

As a trailer for Monday, here is one key message to ponder over the weekend: China will replace the US as the global economic superpower.

Look at the history of the US for some clues about where China is heading.

Then ask yourself this question: Why should China be any different, in the long run, from the US in many aspects of the way it builds a self-reliant economy? Energy self-sufficiency is only one part of this story.

As for the “top down” global view, see the above slide. There are some common themes that will apply across all regions, even if the detail in each region will be quite different.

It isn’t going to be easy and will require a lot of hard work and trial and error. But sitting back and doing nothing is surely not an option for anybody anymore.

PREVIOUS POST

Oil At $100 Was "A Rich World Luxury"

19/11/2014

By John Richardson THE attitude towards lower oil prices in the developing world...

Learn more
NEXT POST

China And The US: History Repeats Itself

24/11/2014

By John Richardson THE history of the economic rise of the United States during ...

Learn more
More posts
China moves closer to Iran as tensions with the US build: Implications for petrochemicals
02/08/2020

By John Richardson Opinions and emotions and can shape how we interpret data, but, as we all know, o...

Read
China polyolefins market H1 review: so far so good, but beware of the risks ahead
30/07/2020

By John Richardson ALL looks fine in the polyolefins world. The Old Normal appears to have reasserte...

Read
Polyethylene market recovery could be threatened by slower China crude buying, weaker economic growth
28/07/2020

By John Richardson EVEN by China’s standards, where just about every number is eye-wateringly larg...

Read
Why the polypropylene industry must switch from volumes to value
26/07/2020

By John Richardson EVERYONE knows about the oversupply in the polyethylene (PE) market as it has bee...

Read
China consulate closure underlines long-term split with US, potential big shift in petchems trade flows
23/07/2020

The views in this blog post are, as always, my personal views and do not reflect the views of ICIS. ...

Read
China’s real GDP could have been negative in Q2: What this may mean for PP
22/07/2020

By John Richardson CHINA’S official GDP growth of 3.2% for Q2, which was announced last week, may ...

Read
Iran and China new deal could hasten Belt & Road Initiative petrochemicals self-sufficiency
19/07/2020

By John Richardson ONCE AGAIN, please don’t say I didn’t tell you. A proposed new investment and...

Read
China paraxylene imports head for bigger declines as excess industrial production appears to boost GDP
17/07/2020

By John Richardson SOME PEOPLE see the 9.9% year-on-year rise in China’s crude oil imports in Janu...

Read

Market Intelligence

ICIS provides market intelligence that help businesses in the energy, petrochemical and fertilizer industries.

Learn more

Analytics

Across the globe, ICIS consultants provide detailed analysis and forecasting for the petrochemical, energy and fertilizer markets.

Learn more

Specialist Services

Find out more about how our specialist consulting services, events, conferences and training courses can help your teams.

Learn more

ICIS Insight

From our news service to our thought-leadership content, ICIS experts bring you the latest news and insight, when you need it.

Learn more