”The rate of change in global markets is accelerating and the current state of uncertainty in terms of the economy, politics, and social factors is high. The US’ new rank as the largest oil producer in the world, the uncertainty surrounding Britain’s exit from the EU, and the move to eliminate single-use plastics are all putting pressure on the chemicals industry.” With these remarks moderator Bill Carroll, of Carroll Applied Sciences, opened the American Chemistry Society’s (ACS) most recent discussion on “Chemistry and the Economy: 2019 Mid-Year Update.”
Every six months, the ACS does a survey of the chemical industry and in June, ACS resident economist Paul Hodges, Chairman of International eChem, and Bill Carroll presented the most recent findings. They highlighted the challenges affecting the chemical markets since January and discussed how companies can adapt to shifting economic trends.
Changing patterns
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