ADVANCING THE CHEMICAL INDUSTRY

The Chemical Industry has faced impulsiveness, refusing demand, wear away margins, pricing pressures and supply challenges in recent years. Regulatory authorities in the U.S. and Europe set aggressive goals, adding to the industry’s complexity.

To drive growth, chemical companies should focus on:

• Alternative sales channels – Exploring new avenues for reaching customers
• Digitalization of the Value Chain – Enhancing visibility and efficiency
• Resilient and Sustainable Supply Chain – Identifying Alternative Sources and Geographies
• ESG Commitments – Fulfilling environmental, social and governance responsibilities

Procurement and Supply Chain teams must adapt, collaborate and find innovative solutions to address these challenges.

Our view on trends of the Chemical Industry

• Low Economic Growth

1. • The OECD has adjusted its universal economic development forecast. This is due to constraints on worldwide trade resilience, fundamental issues like low birth rates and aging populations
   • Enterprises need sustainable persistence strategies to adjust to delayed, slow progress. Renovating business portfolios instantly is vital in response to worries

• Climate Action

1. • Permitting to the UN, we have registered the era of “Global Boiling” beyond “Global Warming.” Extreme climate conditions impact Energy supply, Supply Chain Logistics and Public demand for sustainability solutions

• Decarbonization, Digitalization and Sustainability

1. • These priorities drive the chemical industry. Companies focus on reducing carbon emissions, embracing digital technologies and ensuring sustainable practices

• Circular Economy

1. • The shift toward circularity gains momentum. Companies explore recycling, reuse and waste reduction to create a more sustainable ecosystem

• Trust and Sustainability
  • Building trust with stakeholders becomes essential. Transparency, ethical practices and responsible Supply Chain are critical for long-term success