Chemical industry at tipping point

Chemical company CEOs should pay more attention to a convergence of technological and industry trends which could fuel transformational change and value creation, according to consultants at Arthur D Little. In a new report, “Breaking the mold: Unleashing the power of convergence in the chemical industry”, the authors argue that the sector is undervalued by the financial community because it is not seen as innovative and is slow to adopt new technology. Chemicals CEOs should recognise the huge opportunities offered by the convergence of several trends. These include digital technology, technology transfer from other industries, new management approaches, and deployment of radically new business models.