Insight

What to Expect From Industrial Distribution: Pricing Predictions & Trends 2020

February 10th, 2020 (Updated 03/23/2021)

Garth Hoff
Principal Pricing Solution Engineer at Pricefx

Pricing Predictions and Trends for 2020: Industrial Distribution Industrial Distribution is the movement of goods through a supply chain (purchasing, processing, and selling) – from materials producers to end-product manufacturers.   As with most industries in recent years, it is undergoing unprecedented levels of change, with digital transformation disrupting the status quo at every link.  Pricing Predictions: 1. Increased Costs Will Push Prices Up  It is an extremely uncertain time for industrial companies.  Global economic growth has slowed, and the geopolitical and macroeconomic climates are volatile to say the least. In fact, as of November 2019, only 30% of the G-20 countries (which represent around 74% of the global gross domestic product),...

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Insight

What to Expect from the Chemicals Industry – Pricing Trends & Predictions 2020

February 17th, 2020 (Updated 03/23/2021)

Robert Smith & Garth Hoff
Industry Advisor at Pricefx & Global Director of Solution Strategy at Pricefx at

2020 Predictions and Pricing: Chemical Manufacturing    Central to the modern world, the diverse chemical manufacturing industry (across oil, gas, plastics, and chemicals) has seen a tumultuous decade, with macroeconomic and business environmental factors gaining strength.   Looking forward, adaptability will be key.   Predictions for the Chemicals Industry 1. Ongoing Uncertainty and Volatility  On top of the expected uncertainty and volatility in the chemical industry in 2020, COVID-19 has added yet another dimension of uncertainty.  While late 2019 estimates already expected a drop in overall manufacturing levels for 2020, current events have caused a reset on demand expectations in the chemical industry in 2020. While recovery is expected in the second half of 2020, the amount of recovery is very dependent on the downstream markets served and the degree of a resurgence of COVID-19 as...

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