IHS Chemical Week

Chemical Week Magazine :: Viewpoint

Seasonal Disorder

12:51 PM MST | December 22, 2008 | Robert Westervelt Robw@Chemweek.Com

Late December should mark the season when activity slows, but the dramatic turn in the economy and industry’s fortunes promises to keep all on guard well into the new year. Planning and forecasting for 2009 have become difficult as companies adopt ad hoc strategies in response to the extraordinary and rapidly deteriorating industry conditions. One could argue that a new year, if not a new era, for industry started in late September. The credit crisis, which had been unfolding since July 2007, accelerated and overwhelmed the broader economy by then and...

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