UK-EU27 chemicals face severe Brexit disruption with or without a deal

ICIS - chemical podcasts

English - October 19, 2020 00:00 - 18 minutes - 24.9 MB
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The UK chemical sector and its EU27 trading partners must face up to the reality of severe disruption to trade with or without a free trade deal coming into force.
- With or without a deal, cross-channel trade will be disrupted
- New hurdles will include customs declarations and Rules of Origin
- EU27 customers may stop sourcing from UK
- Brand owners now spending 35-40% of time on redesigning packaging for recyclability
- Danger of switch to other types of packaging if industry does not act fast enough
- Petrochemical sector must shift to recycled feedstocks or face consumer backlash
- As oil refineries close, less conventional feedstocks will be available