2022 has been a year of challenges for the global glass industry — while the early weeks seemed to signal a return to normal after COVID-19, this changed overnight in February. Skyrocketing natural gas prices in Europe heavily impacted the price and output of glass, while high inflation levels globally rang alarm bells regarding a potential recession and slowdown in new construction.
As we head into the winter and towards 2023, what do glass companies — and their shareholders and management teams — expect for next year? Undoubtedly, some will come out stronger, but will they be the ones who now look to actively invest and acquire? Or should companies focus on cash retention?
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