Technology-enabled procurement for chemical companies

McKinsey

Chemicals InsightsThey recognize the importance of strong purchasing capabilities, but few have transformed the function into a source of real strategic advantage. Digital and analytics can help.

India’s chemical industry: Unleashing the next wave of growth

McKinsey

The chemical industry in India is positioned to capitalize on near-term opportunities. Chemicals InsightsHow private players map their priorities could shape the future of the industry and contribute to trade performance.

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Beating the cycle: Building resilience in chemicals

McKinsey

Economic downturns take their toll—and chemical companies are no exception. Chemicals InsightsOur research finds companies that increased resilience in the last downturn made bold moves.

The next big thing? Quantum computing’s potential impact on chemicals

McKinsey

The chemical industry is poised to be an early beneficiary of the vastly expanded modeling and computational capabilities of quantum computing. Chemicals Insights

How plastics waste recycling could transform the chemical industry

McKinsey

Reusing plastics waste could become an important driver of profitability for chemical companies. Chemicals InsightsIncumbent players need to make the right moves now to tap this opportunity.

Resilience in chemicals: How to prepare for the next downturn

McKinsey

Economic downturns take their toll—and chemical companies are no exception. Chemicals InsightsHere’s what resilient companies did to outperform their peers.

Dynamic pricing: Using digital and analytics to take value pricing in the chemical industry to the next level

McKinsey

Rapid, customer-tailored pricing adjustments being made possible by new digital and advanced-analytics capabilities can generate substantial revenue improvement for chemical companies. Chemicals Insights

China’s chemical industry: New strategies for a new era

McKinsey

China looks set to remain the fastest-growing major chemical market, but important changes are under way. Chemicals InsightsTo succeed in this next stage of development, players will need to embrace a new set of strategies.

The M&A wave in chemicals: Bigger, faster, and more specialized

McKinsey

Long-term trends make M&A in the chemicals sector both a vehicle for growth and a play for safety. Chemicals Insights

Chemicals and capital markets: Back at the top

McKinsey

Early 2018 sees the chemical industry back in position as the top performer in its value chain. Chemicals Insights

Digital platforms in chemicals: The game is on—will the winner take all?

McKinsey

Chemical companies that hope to win in this space must move fast. Chemicals InsightsDirect commercial interfaces—or digital platforms—are increasingly preferred by B2B buyers.

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Chemicals and capital markets: Searching for a way back to the winner’s podium

McKinsey

Chemicals have lagged in global capital markets since early 2018. Chemicals InsightsThe industry needs a new set of value drivers to win back investors’ interest.

Digital in chemicals: From technology to impact

McKinsey

What are the major opportunities from digital in chemicals, and what must leaders do to capture them? Our Insights

Chemicals manufacturing 2030+: More of the same…but different

McKinsey

A decade from now, chemicals plants may look similar from the outside. But the inside will be very different. Insights on Operations

Predictive maintenance: the wrong solution to the right problem in chemicals

McKinsey

Chemicals plants often have plenty of good data on equipment performance and reliability. A predictive-maintenance program might be the worst way to use it. Insights on Operations

The Next Wave of Innovation in the Chemicals Industry

Strategy+Business

The world is potentially on the brink of an age of new powerful materials, fueled by innovation in the chemicals industry.

Value Creation in Chemicals 2016: Navigating the Territory of Extremes

BCG

The chemical industry was once a top value creator, generating a five-year total shareholder return (TSR) above that of every other industry in BCG’s annual Value Creators ranking. This disparity indicates that the chemical industry has become a territory of extremes.

Managing M&A in chemicals: Meeting the new challenges

McKinsey

The chemical industry is seeing a record level of M&A, higher multiples, and growing activist-investor activity. Chemical companies must strengthen their M&A and integration capabilities to ensure they create value in this environment. Our Insights

Demystifying digital marketing and sales in the chemical industry

McKinsey

Digital can give chemical companies the power to unlock more than $200 billion of new value by reducing cost to serve, improving pricing, and for fast movers, capturing growth from competitors. Our Insights

A game plan for international specialty-chemical companies in China

McKinsey

To avoid getting left behind in China’s specialty-chemical market, international companies need a new approach. Our Insights

Making a Business Case for Sustainability in Chemicals

BCG

Rising concerns about sustainability are making it easier for chemical companies to build a business case for investments in sustainable products and services. Article Wednesday, April 19, 2017.

Commoditization in chemicals: Time for a marketing and sales response

McKinsey

Most chemical companies are grappling with increasing commoditization. Rethinking the commercial operating model can help protect margins. Our Insights

Chemicals 2025: Will the industry be dancing to a very different tune?

McKinsey

Chemical companies have been riding high, but the trends that have underpinned that performance are shifting. Companies should reflect carefully on their strengths as they move into this new territory. Our Insights

What to do when a specialty-chemical business gets commoditized

McKinsey

Contrary to conventional wisdom, a commoditized chemical business can be as profitable as a specialty one. The key is to change to a different operating model. Our Insights

Using advanced analytics to boost productivity and profitability in chemical manufacturing

McKinsey

Digital holds major promise for chemical companies, and employing advanced analytics in manufacturing presents some of the earliest-accessible and largest opportunities. Our Insights

Accelerating plastic recovery in the United States

McKinsey

Chemicals InsightsPlastic waste is a critical issue of our time. Effecting change will require an integrated approach.

How to capture savings from the oil-price drop and bolster profits—quickly

McKinsey

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

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Artificial intelligence helps cut emissions and costs in cement plants

McKinsey

Chemicals InsightsAI can help optimize energy consumption and throughput of cement kilns and mills by improving equipment productivity in view of rising environmental concerns and CO2 costs.

How advanced analytics can optimize tail spend for raw materials

McKinsey

Chemical companies can extract large savings from parts of their procurement budget that are undermanaged. Chemicals InsightsA four-step approach shows how.

Laying the foundation for zero-carbon cement

McKinsey

Chemicals InsightsThe cement industry is a top source of CO2 emissions, but abatement pressures could prompt efforts to reimagine the business.

No time to waste: What plastics recycling could offer

McKinsey

Plastics waste is hurting the chemical industry as well as the environment. By taking the lead on recycling, chemical players could add a new dimension to the industry and help solve the problem. Chemicals Insights

Small equals big: Unlocking savings in small to midsize capital-project portfolios in chemicals

McKinsey

Increased rigor in managing smaller chemical projects can help capture significant untapped value. Our Insights

Dow Chemical’s CEO on Running an Environmentally Friendly Multinational

Harvard Business

Andrew Liveris, the CEO of Dow Chemical, discusses the 120-year-old company’s ambitious sustainability agenda. He says an environmentally driven business model is good for the earth—and the bottom line. Liveris is one of the CEOs contributing to Harvard Business Review’s Future Economy Project , in which leaders detail their company’s efforts to adapt to and mitigate climate change. Download this podcast. Sustainability Audio

Plastics recycling: Using an economic-feasibility lens to select the next moves

McKinsey

Chemicals InsightsThe Plastics Recovery and Reuse model helps identify the most effective moves to boost plastics recycling, using analysis of fully integrated economics across the value chain.

Fighting commoditization in chemicals with a better commercial model

McKinsey

Windfalls on feedstocks and emerging-market growth have masked the margin damage from increasing commoditization. Our Insights

Petrochemicals 2030: Reinventing the way to win in a changing industry

McKinsey

Chemicals InsightsLocation has been the key to success in petrochemicals: playing in emerging markets and accessing cheap feedstock. As the industry shifts, companies will have to work harder on core capabilities and strategy.

Launching Axalta: An interview with Charlie Shaver

McKinsey

Chemicals InsightsCharlie Shaver led the carve-out of DuPont’s coatings business that created Axalta. Five years on, he talks about the steps he has taken to build an industry leader, and trends in the coatings sector.