PODCAST: Chems firms face a new dawn as low-inflation era comes to an end

Tom Brown


LONDON (ICIS)–Chemicals players are waking up to a new era for the global economy, where supportive monetary policy and rock-bottom interest rates  give way to a lengthy period of high inflation, intensified by the Russia-Ukraine war.

-Energy pricing is at levels that have always historically led to recession
– Potential loss of Russia supplies could lead to energy shortages in Autumn
-Players should be planning for immediate impact and long-term changes
– Supportive market conditions seen over the last decade likely to evaporate as inflation, costs and interest rates shoot up, shifting into a period of lasting inflation
-Developing world facing rising prices and food shortages
-Years of developing market demand growth could be lost
– New climate could push companies to more defensive stances
– The move towards smaller entities with more defined focuses could shift back towards a trend to vertical integration

In this Think Tank podcast, Tom Brown interviews ICIS senior consultant for Asia John Richardson, and New Normal Consulting chairman Paul Hodges.

Click here to listen to the podcast

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 the latest issue of ICIS Chemical Business.

Read Paul Hodges and John Richardson’s ICIS blogs.


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