The chemicals industry is one of the most exposed to the effects of geopolitical and supply chain disruptions. Port congestion, container shortages, skyrocketing shipping costs, and increased energy prices can impede the industry's ability to serve its customers effectively and cause a ripple effect on the automotive and electronics industries. Slow economic growth and high interest rates have raised concerns about future demand while producers manage the ever-growing shift towards eco-friendly chemicals products and corporate teams respond to the rise in regulation related to ESG reporting.
At the same time, the frequent portfolio transformation that characterizes the industry means companies need to focus continuously on strategy and staying nimble in the Mergers and Acquisitions (M&As) arena. Chemicals organizations are also increasingly adopting digital tools and upgrading their systems to become more robust and agile during this period of volatility.
To remain viable, chemicals companies should adapt to a different business environment. The most agile are expected to be best placed to capitalize on the market opportunities. KPMG in Romania can show you how.
