The chemical multiverse: Preparing for quantum changes in the global chemical industry
Preparing for quantum changes in the global chemical industry
An in-depth examination of the state of the global chemical industry reveals anything but a cohesive picture of an industry on a linear path. It remains the case that chemical products will play vital roles in solving many of the world’s problems over the next 10 years and well into the future. What is less clear is how those problems will be solved. More than ever, individual companies are redefining and refining the roles they currently play and the roles they expect to play in the future. They are shifting their strategies. They are seeking to understand their own capabilities and channel them into solutions for the specific, fast-changing needs of their customers. Ultimately, they are looking to make the right choices to ensure their success.
While some companies have grasped this uncertain reality and put themselves in a position to succeed over the past 12 years, many others are struggling. The report by Deloitte Touche Tohmatsu Limited’s Global Manufacturing Industry Group entitled The chemical multiverse: Preparing for quantum changes in the global chemical industry can help companies find a profitable place in the industry by bringing their thinking in line with the successful minority. Drawing on research and analysis of corporate performance over the past 12 years, this report also includes valuable insights from working sessions with more than 150 chemical industry executives. It begins with a review of the current industry landscape and offers a new approach for companies to better analyze and understand their place in it, providing a solid starting point for further strategizing.