Challenging - this is the best way to describe status quo of the European paints and coatings market. Katarina Lindstrom from Hempel provides an overview by addressing various factors that have an impact on the industry. In another year rocked by market challenges, Hempel has initiated activities to shore up its supply chain and focuses on risk mitigation. In Europe, the coatings industry faces its own challenges, like high in- flationary rates, driven by war in Ukraine, high energy costs in some regions and energy limitations. Globally, inflationary cost pressures persist alongside raw material cost increases and uncertainties negatively impact consumer confidence.
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