BARCELONA (ICIS)--An effective coronavirus vaccine could be years away so chemical companies must pivot their business strategies to address permanent changes in demand patterns.
- Science suggests effective vaccine for coronavirus could be years away
- Huge technical challenges for scale up plus access in developing countries
- We must get used to permanent changes to chemicals end use markets
- Aerospace, automotive may never recover
- Chemical companies need thorough bottom-up analysis of impact on demand
- Big jump in unemployment will drive local job creation through local supply chains
- Virus and trade war will drive creation of two trading blocs centred on China and US
- US and allies could lose access to fast-growing emerging markets
- Carbon taxes and circular agenda will accelerate recycling, local supply chains
- Focus on products which help reduce waste, such as food waste
- Pandemic means companies are even less prepared for Brexit than before
Listen to this podcast interview with Paul Hodges chairman, International eChem and author of the pH Report; and John Richardson ICIS senior consultant, Asia.
Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.
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Interview by Will Beacham