Chemical companies face a profound transition that is changing the structure of the entire competitive landscape. Raw materials are scarce. Public concern over environmental accountability is growing. Even the market is narrowing due to a rise in merger activity and commodity offerings.
All of these challenges are empowering companies to create new business models, respond more nimbly to market dynamics, and automate processes for increased efficiency and profitability. Central to this transformation is the procurement function, which has become front and center during recent global disruptions.
Read this brief for an outline of how your organization can respond.