PODCAST: Logistics crisis could last for years, create more regional supply chains

BARCELONA (ICIS)–The container logistics and supply chain crisis could continue for years, forcing chemical companies to pursue less global and more regional strategies.

• Pandemic exposes major flaws in global logistics system
• Regions cut off from each other
• Logistics crisis could persist until emerging economies are fully vaccinated
• Chemical companies should abandon global supply chains
• Container capacity to remain constrained on lack of new ships
• Asia unstable on large capacity expansions, poor demand growth
• Drive for zero carbon to help drive local/regional chemical supply chains
• China more self-sufficient in polymers

In this Think Tank podcast, Will Beacham interviews John Richardson, ICIS senior consultant Asia, and Paul Hodges, chairman of New Normal Consulting.

Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.

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Read Paul Hodges and John Richardson’s ICIS blogs.