GREEN LIGHT: It’s that unwonted time of year again, the slow drag of December selloffs has finalized, and the purchasing department dogs are let loose. BAILOUTS: Once an economic downturn presents itself in grandiose enough manner to be leveraged, victimhood goes in vogue.
The Urethane Blog
Dry powder in abundance, the PE boys are looking to partner with like-minded entrepreneurs to build platforms of scale, promising the power of a national operation while keeping local relationships and an entrepreneurial culture. [Company Name] could be an excellent partner.
Speeches can be streamed, exhibit booths can be power-pointed and screen-shared, but it all pales in comparison to in-person networking. Trade shows are back!
When times are good, monster bureaucratic companies go on hiring sprees. They fill a few much-needed positions, double up key roles, triple their salesforce and quadruple their dinner outings with the expectation of quintupling MoM sales. Bull markets, baby. When things naturally take a turn downward, implementation of the infamous cost-cutting begins.
Shortages are not unique to the urethane industry, but the promises made at the peak of last year’s turmoil ring at a peculiar frequency. Indeed, desperate times will call on desperate measures. Water is also wet. But the SMEs that made supply-chain miracles happen as little as twelve months ago are expecting their promised exchange of future business to deliver. They’ve been waiting. They’re still waiting.
Multi-national companies have always had the option to move their primary production hubs as markets and costs shift, but what about small and medium enterprises?
The Everchem Update is a new biweekly publication of under-reported polyurethane industry news – insider views and conversation about the polyurethane market.