The past year has been tumultuous for the chemicals sector. Shortages of critical products and materials, surging commodity prices, and a rise in cost of capital were some of the themes of 2022. Looking ahead, the sector faces significant medium- and long-term challenges, including a skills shortage and the complexity of decarbonization. To overcome these, chemical companies should consider reformulating their operations. And there’s one key ingredient that many companies are underutilizing: the power of digital technologies, write Sheng Hong, Anna Littmann, Richard Sellschop, and co-authors. Check out the article to learn more about how chemicals companies can address the challenges of demographics, sustainability, and long-term profitability, and explore other industry insights to prepare for what’s ahead.