Industry
Chemicals
Chemicals
A winning formula for growth, resilience, and innovation
One thing is certain about the recent turbulence in the global chemical industry: it won’t stop anytime soon. To lead, your company needs to be agile and resilient. You need an advisor with experience and resources. Whether you’re contemplating a merger or a digital transformation, or simply want to reduce costs and improve performance, our teams can guide you to a winning strategy.
For decades, we have shown leading companies how to innovate, adapt, and reach their full potential. In more than 1,500 chemical consulting engagements we’ve applied our expertise across a vast range of market segments. We’ve worked in every major subsector, including petrochemicals, organic and inorganic base chemicals, polymers and plastics, specialty and performance chemicals, agrochemicals, fine chemicals, and industrial biochemicals and biomaterials.
We’ll ensure that your entire organization is aligned on a tailored, powerful strategy that gets results, today and well into the future. From supply chain to procurement, we’ll help you reimagine your operations in a way that incorporates the latest digital tools, the unique composition of your organization, and the constantly changing nature of the global chemicals business.
Our multidisciplinary teams help companies shift their asset portfolios, overhaul their cost structures, or prepare a new chemical plant for a successful launch. We understand that offering superior products to your customers is just the beginning; we can help you build the kind of sales capabilities that put the right offers in front of the right customers at the right price and time, in the most effective channels.
Today’s macroeconomic environment is dynamic. Across sectors, supply and demand in flux, due in part to shifting pressures from customers, governments, and investors. No company can afford to stand still. Industry leaders are rethinking their footprints and operating models, exploring new markets, and taking steps to address highly variable demand.
Let us show you how you to meet the challenges of the present and seize the brightest future for your company.
Web3 and the Future of Banking
Web3’s growing role in financial services is poised to shake up business as usual, creating ripple effects in everything from transactions to regulation to recruitment. We sat down with Morgan McKenney from Provenance Blockchain Foundation, Alejandro Valenzuela of Banco Azteca, Kelly Mathieson of Digital Asset, and Himal Makwana of FIS to understand how web3 is propelling the future of banking.
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Web3 Talent
The Talent Dynamic in Emerging Digital Financial Services
As financial services firms prioritize attracting talent, web3 creates new opportunities to make the industry more inclusive. Recognizing that building capabilities and platforms requires diversity of thinking, leaders are broadening their talent search. At the same time, the democratization of finance ushered in by web3 may help firms draw candidates who value mission-based, purpose-led companies.
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Regulation
Protecting and Regulating the Financial Digital Asset
The nascency of a legal framework poses a significant barrier to adopting financial digital assets. Mortgages on blockchain, for example, offer benefits to all parties—but the asset requires legal protection. UCC article 12 broadens the digital asset range to be legally protected, but there’s still work to do.
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Digital Identity
The Intrinsic Link Between Web3 and Native Digital Identity
Digital identity may be every customer’s most important asset, but it’s the weakest link in the blockchain landscape, says Morgan. While credentialing and security solutions are still being built, one thing that’s certain is that each of us will ultimately control our own identity assets. Moving past the experimentation phase, however, will require mainstream adoption of the digital asset ecosystem, along with banks’ leadership in creating solutions.
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Future of Finance
Blockchain and the Evolution of the Digital Financial Factory
Blockchain. NFTs. Crypto. These buzzy words percolating in the public consciousness today will, in a mere decade, describe the new “factory of finance”—how assets are issued, financed, and serviced. As Morgan explains, this shift will address inefficiencies in financial services, enable more real-time settlement, improve asset liquidity, and boost transparency. Get ready for the self-checkout line of finance.
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Stablecoins and CBDC
The Changing Nature of Money
As cryptocurrency transforms finance, very tangible benefits and drawbacks have emerged. With cash offering a sense of privacy, cultural changes will be necessary to go digital. Direct transactions without intermediaries are more convenient and efficient—but remove traceability. Alejandro discusses the evolving state of central bank digital currencies (CBDC) and the implications for governments, banks, and consumers.
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chart
Figure 1
Healthcare deal activity grew in every region 
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Central Bank Digital Currency
Embracing Digital Currency while Preserving the Two-Tiered Banking System
Much like a dollar in our wallet, digital currencies must offer security. There’s an opportunity to advance the current structure—while preserving privacy—by improving depositor risk. For government benefit programs, for example, central bank digital currency allows the issuer to add technological programmability. This offers citizens convenience and certainty of receipt while allowing the government to build rules around how funding is used.
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Web3 Use Cases
The Web3 Use Cases Poised to Transform Financial Services
As Web3 accelerates, three use cases will address users’ pain points—and as a result, foster adoption. Free from the constraints of the traditional financial system, stablecoins meet a growing need for efficient settlement. Enabled by blockchain, smart contracts allow users to move, share, or trade money without being beholden to counterparty risk. Lastly, tokenization increases the visibility of rights of ownership, bringing value to real estate deals, among other transactions.
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- Web3 Talent
- Regulation
- Digital Identity
- Future of Finance
- Stablecoins and CBDC
- chart
- Central Bank Digital Currency
- Web3 Use Cases
- test
The Talent Dynamic in Emerging Digital Financial Services
As financial services firms prioritize attracting talent, web3 creates new opportunities to make the industry more inclusive. Recognizing that building capabilities and platforms requires diversity of thinking, leaders are broadening their talent search. At the same time, the democratization of finance ushered in by web3 may help firms draw candidates who value mission-based, purpose-led companies.
Protecting and Regulating the Financial Digital Asset
The nascency of a legal framework poses a significant barrier to adopting financial digital assets. Mortgages on blockchain, for example, offer benefits to all parties—but the asset requires legal protection. UCC article 12 broadens the digital asset range to be legally protected, but there’s still work to do.
The Intrinsic Link Between Web3 and Native Digital Identity
Digital identity may be every customer’s most important asset, but it’s the weakest link in the blockchain landscape, says Morgan. While credentialing and security solutions are still being built, one thing that’s certain is that each of us will ultimately control our own identity assets. Moving past the experimentation phase, however, will require mainstream adoption of the digital asset ecosystem, along with banks’ leadership in creating solutions.
Blockchain and the Evolution of the Digital Financial Factory
Blockchain. NFTs. Crypto. These buzzy words percolating in the public consciousness today will, in a mere decade, describe the new “factory of finance”—how assets are issued, financed, and serviced. As Morgan explains, this shift will address inefficiencies in financial services, enable more real-time settlement, improve asset liquidity, and boost transparency. Get ready for the self-checkout line of finance.
The Changing Nature of Money
As cryptocurrency transforms finance, very tangible benefits and drawbacks have emerged. With cash offering a sense of privacy, cultural changes will be necessary to go digital. Direct transactions without intermediaries are more convenient and efficient—but remove traceability. Alejandro discusses the evolving state of central bank digital currencies (CBDC) and the implications for governments, banks, and consumers.
Figure 1
Embracing Digital Currency while Preserving the Two-Tiered Banking System
Much like a dollar in our wallet, digital currencies must offer security. There’s an opportunity to advance the current structure—while preserving privacy—by improving depositor risk. For government benefit programs, for example, central bank digital currency allows the issuer to add technological programmability. This offers citizens convenience and certainty of receipt while allowing the government to build rules around how funding is used.
The Web3 Use Cases Poised to Transform Financial Services
As Web3 accelerates, three use cases will address users’ pain points—and as a result, foster adoption. Free from the constraints of the traditional financial system, stablecoins meet a growing need for efficient settlement. Enabled by blockchain, smart contracts allow users to move, share, or trade money without being beholden to counterparty risk. Lastly, tokenization increases the visibility of rights of ownership, bringing value to real estate deals, among other transactions.
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Energy & Natural Resources Report 2023
Our annual report examines how companies are seizing the once-in-a-generation opportunities of the energy transition.
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Our Chemicals Experience
Our Chemicals Experience
1,500+
Global Chemicals consulting projects
500+
Specialty and performance chemicals consulting projects
Our Client Results in Chemicals
Our Chemicals Consulting Experts
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