Economic Reactions: How Demographics will Drive Chemical Industry Change

Shifting demographics, such as aging populations and urbanization trends, are reshaping demand in the chemical industry that will require new growth strategies to maintain resilience and profitability both in the long term and in the short term as companies prepare for the volatility that comes with a changeover in United States leadership following the recent election.

To succeed in Today’s New Normal, companies will need to focus on different key drivers for demand where 'Local-for-local' supply will return to replace global supply chains, inventory will be based on 'just-in-case' metrics and security of supply, and sustainability or durability will be key for auto, consumer goods, and electronics demand. In addition, a new market opportunity created by the rise of the perennials and their continued spending focus on service oriented products will provide different revenue streams for those companies that innovate to create new offerings to attract them.

Join Paul Hodges of New Normal Consulting and Bill Carroll of Carroll Applied Science as they share their insider’s take on what is affecting the chemical economy now and predict the factors that will shape industry into 2025.

This ACS Webinar is co-produced with ACS Division of Business Development and Management.

What You Will Learn:

• What the second term of a Trump Administration means for the global chemical economy
• How companies are increasing their focus on sustainability and adapting to changing consumer needs, especially in fast-growing regions like Asia
• Why increased urbanization and middle-class expansion will shift consumption toward specific chemical products