Chemicals & Performance Technologies

The global chemicals sector is responding to more rapid change than ever before. This makes today's chemical industry both fascinating and challenging.

The chemical industry is one of the most vulnerable to the consequences of geopolitical and supply chain disruptions. Port congestion, container shortages, ballooning shipping costs, and rising energy prices limit the industry's capacity to serve its consumers effectively and have a knock-on effect on the automobile and electronics industries. The slowing of economic growth and rising interest rates have generated concerns about future demand, while producers handle the ever-increasing move toward eco-friendly chemical products and corporate teams adapt to the increase in regulation around ESG reporting.

At the same time, the industry's never-ending portfolio change requires organizations to maintain a constant emphasis on strategy while remaining agile in the M&A space. During this moment of volatility, chemical businesses are also rapidly using digital tools and upgrading their systems to become more robust and nimble. Chemical businesses must adapt to a new business climate in order to survive. The most adaptable are considered to be the best positioned to capitalize on market opportunities.