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LATEST THINKING


Technology-enabled competitive advantage

The impact of technology-enabled improvements can be significant and lead to step-change improvements in business performance.

Overview

Accenture Strategy recently assessed the financial performance of 100 chemical companies around the world. We then examined those findings in light of what we have seen in our extensive work in the industry, as well as with clients in other industries. Our goal was twofold:

  1. To better understand the sources of competitiveness and superior performance

  2. To identify opportunities that chemical companies could pursue to improve their chances of long-term success

READ THE REPORT [PDF]

Key Findings

Based on our project experience and research, the impact of technology-enabled improvements can be significant and lead to step-change improvements in performance—especially if the initiatives are integrated and tailored to the specific requirements and chokepoints of the business.

Recommendations

The chemical industry is very likely to remain an industry with demand and supply uncertainties, intense competition and pressure from multiple stakeholders. What has changed—and will continue to change—are the opportunities afforded by new technologies to mitigate the industry’s inherent challenges and volatility. New and digital technologies are enabling step-change performance improvements seek to achieve top-line growth or bottom-line cost reduction.