The chemical multiverse 4.0
Trends in the chemical industry
Do you know where your company stands today and where you will be in the future? Deloitte’s report ‘The Chemical multiverse 4.0’ serves as a vital aid to help chemical companies evaluate their current conditions, understand where they want to head in the future, and then make strategic decisions to continue on the path forward.
Why chemicals matter, now more than ever
It is a fascinating time to be in the chemical industry. Despite extraordinary pressures from a multitude of sources, the industry has continued to perform and mature. To keep up with changes, the chemical industry has adjusted its strategies as needed to manage feedstock volatility and handle slumps driven by key buyers in the automotive and construction industries.
The changes taking place are truly remarkable and the challenges ahead are equally daunting. Never before has it been so important for companies to understand where they stand now and where they plan to be in the future. Deloitte’s report ‘The chemical multiverse 4.0’ is designed to serve as a vital aid to help chemical companies achieve their business goals. This study will provide chemical companies with a detailed overview of what is happening in the chemical multiverse, and provide an understanding of how the future may affect their way of doing business.
The path forward
The chemical industry is entering a phase where every chemical company should likely decide what they want to be. They can be:
- Material manufacturers: This will not be an even playing field, as there will be the natural owners (with feedstock, asset, and balance sheet advantages) and differentiated commodities companies, both of which will present challenges to the new incumbents.
- Solutions providers: These companies will change their approach to focus more on market needs, but this category could also include companies from the digital space.
Companies should try to see where they stand today on the chemical multiverse map. That is, they need to find their starting point, evaluate their current conditions, and understand with clarity where they want to head in the future, and then make the necessary strategic changes to put themselves on the path to lasting success.
More information about the chemical industry?
Do you want to know more about the chemical industry? Please contact Willem Vaessen at +31 (0)88 2883496.