The combination of consumer environmentalism with retailer cost-cutting is having the expected major impact on the UK’s use of plastic bags. All the big supermarkets have been running campaigns to reduce the use of these. Some, like Marks & Spencer, now charge 5p a bag. Others, such as Sainsbury’s, send texts to remind customers to […]
Chemicals and the Economy
Chrysler’s bankruptcy marks dawn of new reality
The International eChem team are very experienced in turnarounds and restructurings. We have undertaken these both as employees within our former companies, and then as advisers. This has taught us to be alert for the ‘tipping point’, when a situation begins to change, for better or worse. The blog believes the Chrysler bankruptcy is one […]
Quick updates
Chrysler. Yesterday, Chrysler entered bankruptcy. It will idle most of its US plants during the court proceedings. The government hopes the bankruptcy can be finalised in a “quick visit” of just 30-60 days. But even if this can be achieved, there is little doubt that Chrysler’s suppliers will suffer major write-offs. Bank ‘stress tests’. Widespread […]
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