Chemicals Insights

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Adapting your operating model to the next normal: The next big move in chemicals

– Increasing uncertainty in chemicals requires companies to adopt new operating models. Four guiding principles can help players incorporate strategies that reflect the new realities of the industry.
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Getting real about mitigating price inflation

– Category managers can respond to inflation—and save their companies a lot of money in the months ahead.
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Creating a strong future for South Korea’s chemicals companies

– Many competitive advantages that once served South Korean chemicals companies have lost their power. Ten actions can help them... retain and build their position.
Executive Briefing

COVID-19: Implications for business

– Our latest perspectives on the coronavirus outbreak, the twin threats to lives and livelihoods, and how organizations can prepare... for the next normal.
Article

How chemical players can win in the transition to digital platforms

– Many B2B buyers prefer purchasing products using digital channels. Choosing the right operating model is critical for reaching... customers across the chemical industry’s fragmented markets.

A quick take

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Petrochemicals 2020: A year of resilience and the road to recovery

– Most companies showed recovery of revenues and profits to pre-COVID-19 levels in the third and fourth quarters. A deeper dive... into the numbers illustrates several implications for 2021.
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Getting value from advanced digital technology for industrial gas companies

– With relatively little risk, industrial gas companies can optimize parts of their operations with advanced technologies.
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A winning formula for specialty-chemical conglomerates

– An analysis of top-quartile specialty-chemical companies reveals important implications for value creation.

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More insights

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The state of the chemical industry—it is getting more complex

– Three trends may change the future of the chemical industry.
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The impact of COVID-19 on the global petrochemical industry

– The coronavirus pandemic coincided with an industry already entering a downcycle. Adapting to the next normal requires management... agendas that reflect lessons learned from the first half of 2020.
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What the future of mobility holds for chemical players

– Chemical companies will be affected by disruption in the automotive industry. Those expecting to flourish in the next normal must... meet the changes head-on and respond to three key trends.
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The 21st-century cement plant: Greener and more connected

– The cement plant of the future will embrace digitization and sustainability trends to earn a competitive advantage and build resilience.
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How the Iowa derecho has affected 2020 crops

– An estimated 3.1 million to 3.8 million acres of corn and soybeans have been damaged.
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Tech-enabled asset productivity in chemicals and agriculture

– Selecting the right combination of traditional and tech-enabled maintenance and reliability solutions is critical to delivering... improved performance and higher operating margins.
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End-to-end digital transformations for chemical companies

– Digital technologies disrupt old ways of working but also reveal opportunities to improve. Chemical companies can capture value... by digitizing the entirety of their value chains.
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The European recycling landscape—the quiet before the storm?

– Before plastics recycling in Europe can scale up, the industry needs to overcome sizable obstacles. Our survey helps illustrate... what companies can do to achieve their aspirations.
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Reimagining the office and work life after COVID-19

– The pandemic has forced the adoption of new ways of working. Organizations must reimagine their work and the role of offices in... creating safe, productive, and enjoyable jobs and lives for employees.
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How to capture savings from the oil-price drop and bolster profits—quickly

– As the economy weakens, savings on oil-based raw materials offer a lifeline to chemical companies. New digital procurement tools... can help capture that impact more quickly.
Article - McKinsey Quarterly

Reimagining the postpandemic organization

– The organization of the future is taking shape in the moves that companies are making now. Here’s what’s changing—and why some... companies say they won’t go back.
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