Publications et études

Suppliers active in the combustion engine parts and car metals segments are severely affected by deteriorating demand and a high level of competition.

US tariffs could severely impact Japanese suppliers of low value added/basic car parts, as OEMs could replace their products with tariff-free items.

Local-owned Tier 2 suppliers remain susceptible to commodity price changes and exchange rate volatility, with limited options to pass on higher prices.

Higher costs, reduced orders, price pressure and changes in the type of products demanded could put the finances of many smaller suppliers under stress.

Insolvencies are expected to increase by about 3% in the coming 12 months, mainly affecting car dealers, car part distributors and Tier 2 suppliers.

Larger suppliers could seize the opportunity of buying distressed smaller players in order to expand market share and bargaining power against OEMs.

Corporate insolvencies are on the rise globally due to the more challenging economic environment and high policy uncertainty.

Economic reforms are urgent, especially improving the governance in state-owned enterprises, as large contingent liabilities are of great concern.

Private sector debt developments in the US and China probably won’t trigger an economic crisis but could deepen a downturn, possibly triggered by the bilateral trade war.

Si le conflit commercial sino-américain devait se poursuivre, les entreprises pétrochimiques américaines seraient confrontées à des conditions de marché défavorables avec des prix en baisse.

The repercussions of the trade dispute with the US have been limited so far, but several US-export dependent SMEs could fail should the dispute continue.

Profitability of businesses is generally high in this sector, but Brexit poses a downside risk for businesses profitability and payment behaviour.

Due to the more difficult market environment and decreasing sales, we have recently downgraded the sector performance outlook from “Excellent” to “Good”.

Profitability of businesses is expected to deteriorate in the coming 12 months, due to lower demand from China and increased oil and naphtha prices.

Performance is affected by slowdown in demand from automotive, uncertainty about Italian fiscal policy and the trade dispute between the US and China.

The French plastics packaging segment is negatively impacted by oil price volatility, increased environmental awareness and stricter regulations.

The Brazilian agrichemicals sector remains very susceptible to sudden changes in climate conditions, market prices and exchange rate fluctuations.

In the medium- to long-term low-cost competitors from Asia and the Middle East could seriously challenge Singapore's export-oriented chemicals industry.

The plastics segment is impacted by environmental awareness and stricter regulations, which could negatively affect businesses in the near future.

The EU continues to buck the international protectionist trend, signing two historic trade agreements.