6 posts categorised "Chemicals"

31 May 2016

The chemicals industry is facing lots of challenges, but CEOs agree that opportunities abound

By Pam Schlosser, US Chemicals Industry Leader This is a tough environment for chemicals CEOs, but according to industry-specific data from PwC’s latest Global CEO Survey, many still see opportunities for growth increasing over the long term. In fact, 71% of chemicals CEOs say there are more opportunities for growth...

06 August 2015

Base Erosion & Profit Shifting (BEPS): it’s time for Chemicals companies to take a long hard look at their tax risk management

By Peter Coward Having resonated across EU media, the ‘Google tax’ furore looks set to have some very tangible impacts for multinationals in all industry sectors. Chemicals companies are certainly no exception. At a C-suite level, the implications are clear and increasingly urgent. It’s time to scrutinise your international tax...

19 May 2015

Embedding a culture of cost reduction in chemicals – by targeting the behaviours critical to your strategy

By Carolyn Rush In the introductory blog in this series on controlling costs in the chemicals industry, my colleague Mike Clements pinpointed an often-overlooked benefit of a successful cost reduction programme. This was the creation of a culture where people take personal ownership of – and accountability for – costs,...

10 April 2015

When reducing operational costs in chemicals, don’t just look at the supply side – because demand is even more critical

By Mike Clements A few years ago, I was part of the PwC delivery team working with a chemicals client, helping budget-holders trawl through all their non-manpower fixed costs to pinpoint reduction opportunities. As often happens during these projects, we came across something that was a little surprising. On this...

02 April 2015

Strategic cost reduction in chemicals: not about cutting back yesterday’s legacy – but building something new for tomorrow

By Adrian O'Shea Imagine the scene. You’re the CEO of a well-established bulk chemicals business, and you’re sitting down to plan out your next strategic cost reduction programme. To get started, you take a blank sheet of paper and begin to draw. What’s the first thing you fill in? Most...

13 March 2015

As the chemicals industry cycle stalls, it’s time to tear up last year’s budgets and start again

By Mike Clements When I worked at ICI, more years ago than I care to remember, everyone in the business knew that the bulk chemicals industry worked on a seven-year cycle. And as the cycle reached bottom, business heads would batten down the hatches, get their costs as low as...