Many chemical companies are seeing untapped opportunities and themes such as sustainability opening up new growth vectors. At the same time, major trends — such as reductions in certain areas of global trade/investments, declining demand for some products, market volatility, and increased actions to address climate change — create challenges for the industry.
Chemical companies need to transform to keep up with a changing world, rise to capital market expectations, prepare for sustainability requirements, and stay ahead of the competition.
We set the organization up for success by aligning leadership and teams, and focusing on the skills and motivation needed to execute the transformation. We mirror our client’s organization with our expertise, combining functional, transformational, and sustainability expertise with deep chemicals experience to ensure our recommendations and plans make sense for their business. Additionally, we invest heavily in capability building as a core element for enabling lasting change beyond the transformation.
McKinsey’s transformation recipe has helped hundreds of organizations across the globe quickly make step change improvements to their performance, which is why chemical clients can hit the ground running, confident that they are working with a recipe proven to deliver sustainable impact.