Inbound freight: The savings opportunity chemical players overlook

McKinsey & Company

As procurement sophistication increases, inbound freight—which makes up about 10 percent of raw-material spend—may offer the best opportunity for further savings in the chemicals industry and beyond. Chemicals Insights Chemicals

The right product, the right price: Purchasing solutions in chemicals

McKinsey & Company

Chemicals Insights Chemicals Purchasing & supplier managementEleven key levers can reduce costs and provide category managers with real-time insights on volatile commodities prices.

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A winning formula for specialty-chemical conglomerates

McKinsey & Company

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

How chemical players can win in the transition to digital platforms

McKinsey & Company

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

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

McKinsey

Three trends may change the future of the chemical industry. Chemicals Insights

What the future of mobility holds for chemical players

McKinsey

Chemical companies will be affected by disruption in the automotive industry. Chemicals InsightsThose expecting to flourish in the next normal must meet the changes head-on and respond to three key trends.

Tech-enabled asset productivity in chemicals and agriculture

McKinsey

Chemicals InsightsSelecting the right combination of traditional and tech-enabled maintenance and reliability solutions is critical to delivering improved performance and higher operating margins.

Chemicals and capital markets: Refocusing on the fundamentals

McKinsey

Chemicals InsightsThe sector has lagged behind the market over the past five years. Our research shows that the basics—ROIC performance and revenue growth—are the metrics investors reward most.

End-to-end digital transformations for chemical companies

McKinsey

Chemical companies can capture value by digitizing the entirety of their value chains. Chemicals InsightsDigital technologies disrupt old ways of working but also reveal opportunities to improve.

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.

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.

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.

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

McKinsey & Company

Increasing uncertainty in chemicals requires companies to adopt new operating models. Chemicals Insights ChemicalsFour guiding principles can help players incorporate strategies that reflect the new realities of the industry.

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.

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 InsightsCompanies must act now to capture the benefits.

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.

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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Getting real about mitigating price inflation

McKinsey & Company

Chemicals Insights ChemicalsCategory managers can respond to inflation—and save their companies a lot of money in the months ahead.

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

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

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.

Chemicals in capital markets: Temporary setbacks or new disruptive trends?

McKinsey

The global chemical industry is no stranger to setbacks in capital markets performance. Chemicals InsightsA snapshot of recent trends may show the industry entering new territory.

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.

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

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

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

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

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

McKinsey & Company

Chemicals Insights ChemicalsMost 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.

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

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. Yet some chemical companies have been able to adapt, developing differentiated business models and generating excellent returns. This disparity indicates that the chemical industry has become a territory of extremes. Article Monday, December 19, 2016.

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

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

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

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. Those willing to step up their strategic ambitions and build up their organization can pursue a variety of profitable opportunities. Article

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

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. But for today's incumbent chemicals companies to be central players in this story, there are some vital prerequisites: restructuring of their product portfolios, successful exploitation of digital technologies, and rewriting business models to generate higher returns on their investment in innovation