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Major disruptions to the global geopolitical and economic system have accelerated along with overcapacity in many chemicals and trade skirmishes. These are putting immense pressure on the chemical industry. When we gathered these three panelists together in February to give their views of the Chemical Industry Outlook, it seemed that the situation could not get any worse. This is clearly not the case today with the war in the Middle East, the blocking of the Strait of Hormuz and the volatile and restricted supply and escalating prices of oil and gas.
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