Chemicals Industry Advisory

Providing strategic advisory services and market insights to leaders in the chemicals industry.

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2023 Chemical Industry Trends

Chemical companies are facing a future that calls for a new engineering paradigm. Evolving security needs and the demands of modern operations will force companies to carefully stitch OT and IT together be more agile and build teams that work collaboratively.

The winds of change are a driving force in the chemical industry. With a looming economic downturn and policy driven changes such as decarbonization and energy costs, chemical companies must adjust both short-term and long-term strategies by continuing to refine their value propositions, through transformation, consolidation, product diversification and regionalization. Investments in engineering services, digital transformations, business analytics and artificial intelligence/machine learning continue to be catalysts of change delivering substantial short-term and long-term value.

Chemical companies are leveraging AI and machine learning with big data sets to optimize business operations and product development. Building and maintaining smart plants will require advanced technologies and analytic platforms like AWS, Azure and SAP S/4HANA and edge network computing with 5G. This will be an essential part of bringing together data, analytics, and IoT connected technology on the platform – enabling safe and productive chemical and mining operations.

Driving Value for Chemicals Companies

ISG has a proven track record of supporting the largest global chemical companies - we've advised on over 600 chemicals industry engagements in the last 5 years alone. We bring experience as industry leaders and as IT, business process and sourcing advisors on high-TCV, high-complexity outsourcing transactions across industries. 

Beyond our depth of experience, ISG is unique for our data. We've assembled a comprehensive and unique set of data, analytics and market intelligence built through 30+ years of data collection and analysis around pricing, contracts and sourcing. This data gives us unmatched insights into operational, financial and commercial best practices. And it's not just the largest real-time market price database in the world, it's also a tool to ensure long-term competitiveness of contracts and to model future scenarios for impact of automation, transformation and consolidation. Our advisory services cover assessing gaps, building actionable strategies, sourcing partners, supporting digital transformation, optimizing costs and ensuring value realization.

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