The global chemical industry is the third largest sector in the world behind agriculture and energy, and its outputs find their way into everything we consume. Paul Hodges, chairman of the pH Report, analyzes the chemical industry to give a unique perspective on the global economy to investors and corporations. In this timely discussion, he uses this lens to analyze the industrial fallout from COVID-19. Hodges argues that the chemical industry has been signaling a global growth downturn for years and that COVID-19 has only accelerated this trend as well as other trends like de-globalization. He also touches on the oil market, knock-on effects for industries like autos and technology, and lays out his case for a world entering a new normal of muted growth but massive opportunity in the reorganization of society. Filmed on May 20, 2020.