Chemical Manufacturers are taking decisive actions to position themselves for the future. According to
Price Waterhouse Cooper's 13th
Annual Global CEO Survey, chemical companies are responding to the current challenges in a number of ways:
- Companies are increasingly looking to Asia and expect operations to grow in this area
- The level of M&A activity is expected to increase
- Companies see innovation as being essential to future growth
- Comapnies are spending more to develop leaders and in-house talent
- Cost cutting and infrastructure improvements are essential
The comments absolutely reflect the need for a coherent and strategic approach to survive and thrive in these turbulent times.
As noted previously, excellent strategic planning, in-built flexibility and the ability and desire to innovate will be the key attributes of successful companies.
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