An educational website including the career interests of innovators with a STEM,business and political science orientation.
Tuesday, October 28, 2008
Focus on Dow Chemical:Navigating the Crisis
Dow Chemical CEO Andrew Liveris said that hurricanes took out 80% of the firm's U.S. capacity,but now he can use different hydrocarbon feedstock because of demand destruction from the financial crisis.Price power is very poor.You have to manage costs,manage capital to keep yourself through this,keeping your long range plan in mind.Europe is in just as bad of a shape as the U.S.,Mr.Liveris observed.
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