Episode 1226: Think Tank: Poor Q2 results signal permanently lower growth, need for bold strategic moves
Collapsing second quarter financial results show that the industry may face permanently low growt...
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Show Notes
Collapsing second quarter financial results show that the industry may face permanently low growth, driving the need for radical business model transformation.
- Q2 financial results show persistent downturn in sales, profitability
- Europe chemicals still plagued by China-driven global overcapacity, higher production costs, poor downstream demand
- BASF reports double-digit fall in net income, weighed by lower prices. Warns of second half risks from stronger price reduction, lower volume growth
- Dow CFO said consumer durables, building and construction will likely remain weak through the rest of the year
- Need for widespread closures to balance supply and demand
- Chemical companies need to adopt radical new business models
- End of China’s economic miracle means there will be no return to strong demand growth globally