In 2015, the Association of International Chemical Manufacturers (AICM) launched an initiative to explore trends affecting the chemical industry in China. This effort—“The Future of Chemical Multinational Corporations in China”—culminated in a CEO Summit on the topic, held in Shanghai in November 2015.
In support of this initiative, AICM and Accenture collaborated on a survey to identify the key issues that were top of mind for CEOs at chemical multinational corporations in China. The following six topics were highlighted by the executives: Sustainability and Responsible Care; innovation and R&D; China’s economy and the “new state;” mergers, acquisitions and joint ventures; cost escalation; and human resources. Overall, the research also revealed that despite the challenging environment in China, CEOs are still optimistic and see tremendous opportunity in the world’s largest market.
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