The Chemical Show: Where Leaders Talk Business

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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Creators and Guests

Host
Victoria Meyer
Host of The Chemical Show; founder and President of Progressio Global

What is The Chemical Show: Where Leaders Talk Business?

Looking to lead, grow, and stay ahead in the trillion-dollar global chemical industry? The Chemical Show - the #1 business podcast for the chemical industry - is your go-to resource for leadership insights, business strategies, and real-world lessons from the executives shaping the future of chemicals. Grow your knowledge, your network, and your impact.

Each week, you'll hear from executives from across the industry - from Fortune 50 to midsize to startups. You’ll hear how they're tacking today's challenges and opportunities, their origin story (what got them here!), how you can take and apply these lessons and insights to your own business and career.

We talk:
- Business Transformation
- Innovation
- Digitization of business
- Strategy
- Supply Chain
- and so much more

Founder and host Victoria King Meyer is an expert interviewer - who brings out the best in each guest. She gained her industry experience at leading companies, including Shell, LyondellBasell and Clariant. Today, she is a high-performance coach and advisor to business leaders in chemicals and energy, as well as the host of The Chemical Show podcast, and founder of The Chemical Summit.

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Websites:
https://www.thechemicalshow.com
https://www.thechemicalsummit.com
https://www.progressioglobal.com