Process Industries Need a New Strategy for a Changing World
As the halcyon days of open markets and easy money wane, producers of metals, cement, chemicals, and other essential industrial imports face a tougher global environment.
The golden era for basic and industrial materials is over. To thrive in the difficult business environment that’s emerging, companies must navigate a diverse set of challenges.
Six trends are set to usher in an age of uncertainty for sectors such as chemicals, cement, metals and mining, paper and packaging, and agribusiness. In the years ahead, these powerful trends—which range from shifting demand to talent shortages—will redefine sources of competitive advantage, drive industrial innovation, and spur changes in materials and processing industries.
As the halcyon days of open markets and easy money wane, producers of metals, cement, chemicals, and other essential industrial imports face a tougher global environment.
Process companies need more talent even as the supply is falling. In addition to rethinking their talent strategies, leaders must revisit their operating models to grow.
Each year, we throw away nearly $200 billion of material that could be recycled. But companies can flip the script.
BCG's, Øyvind Berle, and Hydro's, Bjørn Kjetil Mauritzen, discuss how Hydro is revolutionizing aluminum recycling and driving the sustainability agenda to create value for customers—and the planet.
With a significant shortage of carbon steel scrap projected for 2030, public and private stakeholders must begin planning for a different landscape.
The global cement industry’s future competitive landscape will depend on who can reduce their carbon capture and storage (CCS) costs the most.
Eight important trends will reshape the industry over the next ten years. Players must adapt to these developments or risk losing their competitive edge.
With the aluminum industry facing a substantial demand-supply deficit by 2030, deploying cost-reduction and capital-efficiency levers now can help players ensure their future success.