PODCAST: Virus vaccine could be years away so pivot now for permanent changes in demand

Author: Will Beacham


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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Read Paul Hodges ICIS Chemicals and the Economy blog

Read John Richardson's Asia Chemical Connections blog

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Interview by Will Beacham