PODCAST: UK chemicals fighting Four Horsemen of the Apocalypse – CIA CEO
LONDON (ICIS)–The UK chemicals industry is battling the quadruple challenges of Brexit, COVID-19, the cost of living crisis and the war in Ukraine, according to Stephen Elliott, CEO of UK trade group the Chemical Industries Association.
- UK chemicals facing Four Horsemen of the Apocalypse: Brexit, COVID-19, cost of living crisis, war in Ukraine
- UK no longer has access to Horizon Europe programme with EU scientists
- UK suffering academic brain drain
- Disagreement over Northern Ireland protocol threatening free chemicals trade
- Around 60% of UK chemicals exports go to EU, 75% imports from EU
- UK chemical exports to EU are recovering
- Consultation on extending UK REACH registration deadline published today
- Main deadline may be delayed from October 2023 to October 2026
- CIA wants to diverge from “worst excesses” of future EU REACH developments
- UK chemicals CEOs report that it is more difficult now to pass on energy price increases to customers
- Signs that previously robust demand is now faltering
- UK CEOs expect sales to fall in Q3 2022 for the first time since 2020
- Interruptions to German chemical supply could impact UK supply chains
In this Think Tank podcast, Will Beacham interviews Stephen Elliott, CEO of the CIA.
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.
ICIS is organising regular updates to help the industry understand current market trends. Register here.
Read the latest issue of ICIS Chemical Business.
Speak with ICIS
Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.
Want to learn about how we can work together to bring you actionable insight and support your business decisions?