Yesterday, the Deloitte Global Manufacturing Group released the report “Adapting to changes in the situation: The Global Chemical Industry's Mid-year Outlookâ€. According to the global chemical industry's production targets, chemical production in the first quarter of 2009 recorded a decline of more than 10%. Although market demand will resume growth, it is unlikely that it will return to the pre-recession level in the short term. Therefore, chemical companies are adopting flexible planning strategies to predict market supply and demand.
The chemical industry is closely linked with the performance of the automotive and construction industries. In the next few years, the chemical industry is bound to face a major restructuring. According to the report, by predicting multiple future situations, chemical companies may be able to evaluate various possible outcomes, consider relevant variables, and prepare for flexible profit-making solutions. As M&A activity may increase, chemical facilities will be reduced, and chemical companies will have more extensive business coverage. This will make the company's global business more evenly distributed. And from the point of view of demand and supply, Asia will have an impact on the chemical industry. The importance will be increasing day by day. However, if the effect of government aid is removed to see whether there is any real recovery in the economy, the chemical industry may face more unique challenges.
The chemical industry is closely linked with the performance of the automotive and construction industries. In the next few years, the chemical industry is bound to face a major restructuring. According to the report, by predicting multiple future situations, chemical companies may be able to evaluate various possible outcomes, consider relevant variables, and prepare for flexible profit-making solutions. As M&A activity may increase, chemical facilities will be reduced, and chemical companies will have more extensive business coverage. This will make the company's global business more evenly distributed. And from the point of view of demand and supply, Asia will have an impact on the chemical industry. The importance will be increasing day by day. However, if the effect of government aid is removed to see whether there is any real recovery in the economy, the chemical industry may face more unique challenges.
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