New Opportunities for U.S. Processors to Experience Increased Profitability and Greater Market Share
Featuring: Greg Kozera and Joe Eddy
April 14 12 p.m. EST.
The pandemic has revealed how important US plastics manufacturing is for the economy and for the safety and security of Americans. For the past three decades, U.S. manufacturers have migrated overseas to China primarily due to cheaper foreign labor and a decreasing U.S. energy supply. Today, the China labor advantage is steadily deteriorating, and the U.S. has abundant energy and feedstocks. The opportunity to onshore plastics manufacturing to the U.S. based on superior economics is the strongest it has been in many years.
A global energy shift has occurred in the past several years. The United States is now the leading natural gas producer in the world and processors are benefitting from abundant energy & feedstocks. Unlike other regions of the world the U.S. now has both supply and demand in the same location creating world class advantages and opportunities for growth. China and other Asian countries do not experience these same advantages and must import their energy and feedstocks at a higher cost.
Join Greg Kozera and Joe Eddy as they explain what has changed in the energy markets, how it is securing advantages for U.S. processors, and the new opportunities to experience increased Profitability and Greater Market Share.