Companies and investors need to refocus on demand as the key driver for future revenue and profit growth. Supply-driven business models are no longer sufficient. ‘How do we do this?” is the critical question, as I discuss in this short video interview with ICIS deputy news editor, Tom Brown: The key is to focus on […]
Chemicals and the Economy
Current shipping costs = 9% trade tariff
I noted in June that P&G were reviewing their global supply chain strategy, as a result of higher oil prices. Now a study by Canadian Bank CIBC suggests the rise in shipping costs equals a ‘9% tariff on trade’, adding that ‘the cost of moving goods, not the cost of tariffs’ is now the ‘largest […]
P&G reviews its supply chain model
Higher oil prices will change the way that Procter & Gamble operates its supply chain. The world’s largest consumer products company describes its current operations as being ‘upside down’. ‘They were implemented in the 1980s and 1990s, when oil was 10 bucks a barrel’, according to Keith Harrison, P&G’s head of global supply.
Shipbuilding hit by credit squeeze and long lead-times
The chemical industry moves a lot of product by ship. Recent rises in freight rates have therefore had a major impact on costs for producers and consumers. But there was always the thought that rates would soon decline, once shipbuilders began delivering all the new ships on order. But now Bloomberg is suggesting that 10% […]
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