Though many countries have dropped their COVID restrictions, issues with production, supply chains, and access to in-demand products linger. Russia's invasion of Ukraine is approaching the 6-month mark and the economic effects continue to wreak havoc on energy markets with dire ramifications for the global food supply looming in the near future. The Federal Reserve is raising interest rates, inflation pressures are draining consumer wallets, the stock market is tumbling...how will the chemical economy fair when faced with these "horsemen of the apocalypse?" Should we brace ourselves for a recession "hurricane" as CEO Jamie Dimon of JPMorgan recently warned?
Paul Hodges of New Normal Consulting and Bill Carroll of Carroll Applied Science return for their annual mid-year update on the chemical economy to help you make sense of this financial chaos and take stock of what has been happening around the globe since we last met in late 2021.
What You Will Learn:
- How has COVID impacted China’s economic priorities and wrecked global supply chains
- What is the real impact of the war in Ukraine on energy prices
- How higher natural gas prices are affecting ammonium fertilizer production and the looming effect on the global food supply