A New Normal for the Chemicals Industry

Presented by

Dr. Elizabeth Thundow and Robert Outram, Frost & Sullivan

About this talk

Are you ready for the challenges and opportunities in the chemicals industry in the post-pandemic world? In this webinar, we consider how the COVID-19 pandemic has reframed the relevance and impact of Mega Trends and given rise to new trends and opportunities that players in the global chemicals industry should be aware of and ready to address. The roadmap for recovery is seen by many as an opportunity to "build back better." It is clear that some of the critical challenges and opportunities arise from sustainability and circular economy trends linked to climate change and resource scarcity. Our top five post-pandemic strategies that will be crucial for chemicals companies to adopt as we enter the recovery period include: • Portfolio audit and realignment—Enter new sectors through organic growth/acquisition. • Sustainability focus—Increase R&D focus and explore value chain partnerships. • New business models—Improve the existing customer interface and e-commerce experience. • Digitization—Audit current activities and possible solutions to create integrated, customized solutions across all business functions. • Employee health & wellness—Improve diversity in the workforce and management, including at the board level, to attract and retain talent.

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