Ep 138 Show Notes

Weak demand, weak earnings, and a weak outlook were the resounding themes across the chemical companies' earnings reports in the third quarter, 2023. Inventory de-stocking and lower prices have continued to impact the industry, leading to challenging market conditions.

In this episode of The Chemical Show, host Victoria Meyer reflects on the third quarter 2023 earnings reports in the chemical industry. She discusses the challenges faced by companies, such as weak demand, lower earnings, and inventory de-stocking, as well as the actions they are taking to respond to the market conditions. 

Killer Quote: "2023 has been a challenging year, much more so than we expected at the beginning of the year.” Victoria Meyer

Join us to learn more about the following this week:

• Breaking down 3Q23 Earnings Reports 
• How earnings reports are interpreted
• Keyword of third quarter earnings reports is “Weak”: weak demand, weak earnings, and weak outlook
• Inventory and forecasting continue to be a challenge
• Compression in buy-sell cycle
• Strategies companies are using to manage their balance sheets
• Focus on cash generation through commercial discipline 
• Expectations for Q423
• Lessons learned from industry leaders

Victoria highlights the importance of commercial discipline, continued investment in strategic projects, and the recognition and optimization of high-value products. She also touches on the need for better forecasting and communication between suppliers and customers. 

Additional Links:

Episode 118: Unpacking 2Q23 Chemical Earnings: Sluggish Economies, Inventory Destocking, and Future Outlooks

Grace Matthews Fall Outlook

Ep 120: Commercial Discipline: Unlocking Business Resilience in Challenging Times

This episode is sponsored by Clariant. Are you grappling with the lightning pace of regulatory and compliance changes in the printing inks industry? Do you want to know more about PFAS, supply chain transparency and extended producer responsibility? Check out Episode 137 of The Chemical Show to learn about PTFE-free solutions with Clariant and NAPIM. 

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