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The decade ahead: Preparing for an unpredictable future in the global chemical industry
To gain deeper insights into the performance of the chemical industry, the Deloitte Touche Tohmatsu (DTT) Chemical Group analyzed the financial and operational performance of 231 global public chemical companies between 1998 and 2008, including specialty, commodity, and integrated players. This analysis shows that profitability has suffered in both the commodity and specialty sectors. Profits will continue to decline unless steps are taken to reverse the trend. In the coming decade, established strategies will be an inadequate foundation for success and may not ensure survival. New approaches are required as prerequisites for competitive viability. Naturally, the specifics of these approaches vary by sector.
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A new era
For the past few years, automotive leaders and observers have witnessed an industry in peril. A slowing global economy, coupled with declining consumer confidence, has translated into dismal new car sales in most markets. In the new report, titled “A new era: Accelerating toward 2020 – an automotive industry transformed”, Deloitte Touche Tohmatsu’s (DTT) senior automotive leaders offer perspectives on the structural changes and major customer, technology, and people trends expected to transform the industry over the next decade.
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Adapting to a changing landscape: Midyear outlook for the global chemical industry
The past year has been a defining one for the global chemical industry. The well-known struggles of the automotive and construction industries have translated into reduced demand, declining revenues, and diminishing profits for nearly every chemical company worldwide. To help better understand the forces moving the industry, Deloitte Touche Tohmatsu’s (DTT) Global Manufacturing Industry Group turned to a global panel of chemical industry leaders for perspectives on the state of the industry in a report entitled Adapting to a changing landscape: Midyear outlook for the global chemical industry.
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