Approaching the mid-point of 2025, the Chemicals & Plastics (C&P) industry is facing a perfect storm. Widespread overcapacity, waning demand, and escalating trade tensions are reshaping the gl...
As the prices of most commodities declined, 2024 was largely favorable for buyers, with the exception of agricultural products. This report provides both an analysis of global commodity price trends (...
In January, my article “Chemical & Plastics Prices – 2023 & Outlook” expressed the view that chemicals and plastics prices would decrease this year. Six months later, it looks like I was right...
In January of this year my article, Chemical Prices Through Pandemic and War, published by Buyers Meeting Point, provided price analyses from 2019 to 2022. The article also predicted, based on third-p...
The last three years have been a time of unprecedented disruption. Combined disturbances from the pandemic, war in eastern Europe, uncertainty in Asia, weather patterns, labor strikes, regulatory chan...
The Chemical industry has two unique characteristics. It has the most diversified end-use markets across all manufacturing industries, and its biggest customer is the Chemical industry itself (27%). S...
In March, New York City purchasing managers reported directional optimism one year after the effects of the COVID-19 pandemic first materialized in this Report, according to the survey taken by the In...
In February, New York City purchasing managers reported significant drops in Current Business Conditions and Employment, according to the survey taken by the Institute for Supply Management-New York. ...
New York - In January, New York City purchasing managers reported decreased activity in every index except Prices Paid, according to the survey taken by the Institute for Supply Management-New York. T...
The year 2020 witnessed a global Covid pandemic and the biggest GDP reduction since the Great Depression of 1929. Of course, Chemicals & Plastics (C&P) have also been affected globally, but there is no public data available yet for the year.
In December, New York City purchasing managers reported increased activity in every index for the first time since May's report began the slow climb back from the peak of the pandemic's impact, accord...
In November, New York City purchasing managers reported that the activity aligned with every index except Prices Paid had slowed down, according to the survey taken by the Institute for Supply Management-New York.
In October, New York City purchasing managers reported growth level numbers in every index except Current Revenues, according to the survey taken by the Institute for Supply Management-New York. Click...
The results are in for your RFP (Request for Proposal), now it’s time to pick the supplier(s), sign the contract, and place the orders (Woohoo!). But, have you considered the next critical step ...
In September, New York City purchasing managers reported significant short-term improvements in Current Business Conditions and Current Revenues against a drop in Six-Month Outlook, according to the s...
The August ISM-New York Report on Business was released on September 2nd at 9:45am Eastern and is available for download here: 2020_ISM-New_York_August_ROB_v02.pdf. Please see the end of this commenta...
The current public health crisis due to COVID-19 has impacted not only people’s lives but also businesses around the globe. The demand in most sectors has shrunk, and with supply and demand unbalanced, the price of most products has been affected. With less demand, most products have seen price decreases, but there are exceptions.
Procurement teams that use the Internet to research highly engineered components and then select a lower-priced alternative product may think they’re doing a good job, especially if they are measured on how well they manage cost. Yet they may unknowingly be putting their companies at risk.
The July ISM-New York Report on Business was released on August 4th at 9:45am Eastern and is available for download here 2020_ISM-New_York_July_ROB_v01.pdf. Please see the end of this commentary for additional information about the ISM-New York Report on Business.
The June ISM-New York Report on Business was released on July 2nd at 9:45am Eastern and is available for download here 2020_ISM-New_York_June_ROB_v01.pdf. Please see the end of this commentary for additional information about the ISM-New York Report on Business.