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Cash Management: Insights from 3rd Quarter 2023 Chemical Industry Earnings Reports - Ep 138
Manage episode 384960945 series 2904919
Join us at The Chemical Summit on October 8-9, 2024 to engage with great leaders, including many guests of The Chemical Show.
Visit thechemicalsummit.com for more information and to register.
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
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.
***Don’t miss an episode: Subscribe to The Chemical Show on your favorite podcast player.
***Like what you hear? Leave a rating and review.
***Want more insights? Sign up for our email list at www.thechemicalshow.com.
Wondering how we produce our podcast?
- Transistor.fm is our podcast publisher of choice. Try it for free here: https://transistor.fm/?via=victoria
- We use CastMagic.io to create ShowNotes, Newsletters, Social Media posts and more. Check it out here: https://get.castmagic.io/ean5etivmzi1
- We use Descript to edit and transcribe each podcast episode. Follow this link to learn more: https://www.descript.com/?lmref=DdZ2MA
***
Thank you to our sponsor Veson Nautical:
From multi-jurisdictional regulations to geopolitics and decarbonization, the maritime ecosystem is more complex than ever. This is creating unprecedented levels of risk exposure. With trusted maritime data and built-for-purpose workflows from Veson Nautical, you can confidently make decisions to better manage risk and maximize profit.
For over twenty years, Veson has been co-innovating with the world’s largest buyers and sellers of bulk marine freight.
Join their client community and find your decision advantage. Learn more at veson.com
182 에피소드
Cash Management: Insights from 3rd Quarter 2023 Chemical Industry Earnings Reports - Ep 138
The Chemical Show: Interviews with Business Leaders on Key Trends and Topics
Manage episode 384960945 series 2904919
Join us at The Chemical Summit on October 8-9, 2024 to engage with great leaders, including many guests of The Chemical Show.
Visit thechemicalsummit.com for more information and to register.
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
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.
***Don’t miss an episode: Subscribe to The Chemical Show on your favorite podcast player.
***Like what you hear? Leave a rating and review.
***Want more insights? Sign up for our email list at www.thechemicalshow.com.
Wondering how we produce our podcast?
- Transistor.fm is our podcast publisher of choice. Try it for free here: https://transistor.fm/?via=victoria
- We use CastMagic.io to create ShowNotes, Newsletters, Social Media posts and more. Check it out here: https://get.castmagic.io/ean5etivmzi1
- We use Descript to edit and transcribe each podcast episode. Follow this link to learn more: https://www.descript.com/?lmref=DdZ2MA
***
Thank you to our sponsor Veson Nautical:
From multi-jurisdictional regulations to geopolitics and decarbonization, the maritime ecosystem is more complex than ever. This is creating unprecedented levels of risk exposure. With trusted maritime data and built-for-purpose workflows from Veson Nautical, you can confidently make decisions to better manage risk and maximize profit.
For over twenty years, Veson has been co-innovating with the world’s largest buyers and sellers of bulk marine freight.
Join their client community and find your decision advantage. Learn more at veson.com
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