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The chemical industry is undergoing a phase of significant change and transformation. The industry is facing increased pressure through commoditisation, emerging new competition, supply chain disruptions and potentially disruptive changes from digitisation or feedstock shifts.
These pressures impose new challenges on chemical companies and those companies who fail to quickly adapt to the current market may find themselves and competitiveness seriously impeded. Companies need to find ways to differentiate themselves. Those that will be most successful are those who accelerate their transformations and implement the most disruptive initiatives– by means of technology, processes and people. PwC’s Chemicals practice helps companies across the value chain navigate this changing landscape to identify and capitalise on growth opportunities.