Chemicals industry and its broader ecosystem are facing turbulence along the entire value chain. On the one hand, fierce competition, increasingly scarce and thus more costly feedstocks and evolving customer expectations are changing market structure and taking a bite out of revenues. From the other hand, financial downturns, declined demand for many products while closed borders and travel ban due to COVID-19, disrupting supply chains and business operations have put additional pressures on chemical companies.
In response to such disruptive business challenges and volatile energy prices, chemicals players must build capabilities, rethink their approaches to business strategy and transform their operating models. To remain viable, chemical companies will have to sharpen their value propositions in order to find new opportunities for growth.
How we can help
At Devon, we support the chemical industries, covering all major subsectors including organic & inorganic base chemicals, performance chemicals, fine chemicals, agrochemicals and biochemicals. We collaborate with clients to develop new strategies as they manage the energy transition. We help them engineer operating models, optimize operating cost and deliver superior customer and shareholders’ value. Our motivated team combine experience, proprietary tools and insights to help clients respond to the market changes and unlock significant value
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