Companies have clearly been cutting capital budgets, in response to the slowing global economy. That’s the only conclusion to be drawn from the blog’s 6-monthly review of force majeures, as reported by ICIS news. They have been climbing steadily for months, and June saw them at twice the June 2012 level, as the chart shows. […]
Chemicals and the Economy
Time again to ‘Manage by Walking About’
Different times demand different skills. During the SuperCycle, one could assume growth was a constant. So forecasting meant a focus on better understanding developments down the value chain in the relevant product silos. Then managers could be set ‘stretch targets’ to ensure they met expectations for revenue and profit growth. But today, as the blog has […]
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