According to the company's information, there are currently 34,000 McKinsey alumni working at over 15,000 organizations across the private, public, and social sectors in 120 countries. Early 2018 sees the chemical industry back in position as the top performer in its value chain. The exhibit also shows the impact split across all functions. Three major trends are reshaping the operating models of chemical companies: massive advancements in technology and innovation, rapidly changing customer requirements, and increasing pressure on cost and productivity. Learn about 6.2K Followers. Open in app. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. Digital is, after all, just the movement of data in 1s and 0s. What are the major opportunities from digital in chemicals, and what must leaders do to capture them? We are currently working with McKinsey & Company on a Marketing & Sales Leaders Forum centred on the theme of 'Fast Forward on Growth'. Press enter to select and open the results on a new page. Chemical companies that hope to launch a successful digital platform must move fast. This group is often referred to as a group in its own right. Digital McKinsey Global team of digital experts who bring the combination of business + technology to capture the value of digital McKinsey Analytics 1,000+ advanced analytics experts focused on translating insights into action and building 360o customer views. 33 talking about this. McKinsey Global Institute. Chemical companies’ business processes, including manufacturing, marketing and sales, and R&D, present opportunities for performance improvement based on data capture and interpretation. Press enter to select and open the results on a new page. Please click "Accept" to help us improve its usefulness with additional cookies. Remaining relevant means continually evolving to meet the needs of your evolving customer base. Digital. Such information will enable the sales account manager to further explore any potential sales opportunities. Reinvent your business. Demystifying digital marketing and sales in the chemical industry. We use cookies essential for this site to function well. Please use UP and DOWN arrow keys to review autocomplete results. Helping you embed technology where it unlocks the most value for your organization. Digital in the chemical industry represents a very substantial opportunity, but companies need a strategy to succeed in this new world. I'm glad you asked. 2.2 Digital maturity model for the European chemicals sector 11 2.3 Current state of play in the European discussions around digital transformation of the chemical industry 13 3 The Research Findings: Cross-European evidence of the digital transformation in the European chemical, pharmaceutical, rubber and plastics industry 16 Digital can give chemical companies the power to unlock more than $200 billion of new value by reducing cost to serve, improving pricing, and for fast movers, capturing growth from competitors. Explore GE Digital's software solutions for the Chemical industry and see how you can digitally transform your chemical operations. If you would like information about this content we will be happy to work with you. Subscribed to {PRACTICE_NAME} email alerts. McKinsey Digital | 91,215 followers on LinkedIn. Digital can give chemical companies the power to unlock more than $200 billion of new value by reducing cost to serve, improving pricing, and for fast movers, capturing growth from competitors. McKinsey Digital Sentiment Survey: wie hat sich das digitale Nutzungsverhalten seit Ausbruch der Pandemie verändert, wie zufrieden die Konsumenten mit den Diensten sind und wie dauerhaft etwaige Verhaltensänderungen sein werden. We'll email you when new articles are published on this topic. Digital can give chemical companies the power to unlock more than $200 billion of new value by reducing cost to serve, improving pricing, and for fast movers, capturing growth from competitors. Digital Economy: Trends, Opportunities and Challenges Dr. James Manyika Extracts from McKinsey Global Institute Research Marco Moder is a partner in McKinsey’s Seoul office, and Axel Spamann is a partner in the Hamburg office. Follow. So what type of work does McKinsey Digital actually do? As a result of this cloudy picture and the subsequent inability to maintain an E2E view of the digital transformation, many chemical companies struggle to deploy their efforts at scale—a key enabler for success. Le idee e le soluzioni più innovative per aiutare i clienti a cogliere nuove opportunità e conseguire miglioramenti duraturi nelle loro performance. It helps clients build, launch and operate technology which is critical to running their business. Use minimal essential I work at McKinsey Digital labs in its India office. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Accelerate. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. Production and supply plans are updated in real time across each step of the value chain, considering trade-offs. First, building an ecosystem should be considered as a means of matching supply with demand. collaboration with select social media and trusted analytics partners Digital can give chemical companies the power to unlock more than $200 billion of new value by reducing cost to serve, improving pricing, and for fast movers, capturing growth from competitors. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. Unleash their potential. And we help our clients develop the culture and capabilities needed to be agile and innovate ahead of the market, long after we’ve left. Digital transformation is an inevitable part of any industry at present. McKinsey Digital is the current culmination of these related but disparate efforts - bringing all these groups under a unified umbrella group. McKinsey & Company. Accelerate. Knowde Take: We love the way this article includes the impact of digital technologies on the markets served by the chemical industry. Drawing on extensive work with leading chemical companies, proprietary research, and our digital … An increasing number of chemical companies are applying digital approaches to marketing and sales. collaboration with select social media and trusted analytics partners Knowde Take: We love the way this article includes the impact of digital technologies on the markets served by the chemical industry. Select topics and stay current with our latest insights. Priorities can be determined once success factors have been identified. Rather, a joint venture among several chemical companies could prove successful (to bring product and data at scale as well as share market know-how) in cooperation with an e-commerce start-up (that contributes speed and agility). McKinsey Digital brings together the best of McKinsey’s digital capabilities. Most transformations fail. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Explores the changing chemicals landscape, capital markets, strategies, mergers & acquisitions, and digital. cookies, McKinsey_Website_Accessibility@mckinsey.com. And predefined products can allow for more flexibility and therefore increased options for consumers. People create and sustain change. The key issue for chemical-company leaders is to understand more clearly where the impact of digital will hit the industry and what it will imply for their companies. Our flagship business publication has been defining and informing the senior-management agenda since 1964. Gemeinsame Studie von VDMA und McKinsey: Fast 80 Prozent der Unternehmen sehen Notwendigkeit, bei digitalen Geschäftsmodellen zu kooperieren - Wachstumspotenzial: Erst 0,7% der Umsätze in Europa mit digitalen Plattformen und Mehrwertdiensten - Kunden … 28 talking about this. In this respect, partnerships (both inside and outside the value chain) are key, including those with logistics companies (for shipping goods), insurance (for protecting goods), banks (for financing goods), and packaging companies (to repackage or label goods). Here at McKinsey Digital, we help companies discover and deliver their full digital potential. From the customer perspective, digital platforms in chemicals can be categorized along two dimensions: 1) single manufacturer versus an “open platform,” which includes several manufacturers, and 2) standard transactional platform versus one geared toward industry expertise. cookies, McKinsey_Website_Accessibility@mckinsey.com. Digital provides the means to unlock a new level of productivity enhancement. Demystifying digital marketing and sales in the chemical industry. Reinvent your business. Please email us at: McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. Of these, B2B buyers are increasingly open to making purchases via digital platforms. Flip the odds. McKinsey_Website_Accessibility@mckinsey.com. McKinsey Digital. The work that McKinsey Digital does. Never miss an insight. Digital McKinsey integra l’approccio strategico con le competenze specialistiche per accelerare la realizzazione di soluzioni digitali ad alto impatto. If you would like information about this content we will be happy to work with you. Digital transformation in chemical Market Size And Forecast (2020-2026)| With Post Impact Of Covid-19 By Top Leading Players- Dow Chemicals,BearingPoint,Deloitte,KPMG,PwC,IBM,Ernst & Young,McKinsey. ... End-to-end digital transformations for chemical companies. The McKinsey survey found that the COVID-19 pandemic has significantly accelerated the pace of adoption of digital transformation technologies, as well as … One critical success factor will be altering the organization’s operating model to reflect these new priorities. Advanced analytics can also leverage recommended-product algorithms. Knut Alicke is partner in McKinsey’s Stuttgart office, Raffaele Carpi is a partner in the Lisbon office, Anna Littmann is a partner in the Frankfurt office, Dinu Niculescu is a partner in the Zurich office, and Georg Winkler is a senior partner in the Berlin office. Digital upends old models. The McKinsey Digital Assessment lets McKinsey expand the pool of applicants ... As a result of this cloudy picture and the subsequent inability to maintain an E2E view of the digital transformation, many chemical companies struggle to deploy their efforts at scale—a key enabler for success. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. And omnichannel orchestration can help identify customers as well as key words and phrases that are entered into the platform’s search function. As the global chemical industry prepares to embrace digital transformation, many challenges and obstacles can impact the decisions of senior executives. We use cookies essential for this site to function well. Learn about Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our Cookie Policy Learn more about cookies, Opens in new tab . Taking an E2E perspective allows chemical players to adapt faster to volatile market conditions and maximize profits. For such platforms to be successful, three criteria must be met (chemicals lends itself to all three). Here at McKinsey Digital, we help companies discover and deliver their full digital potential. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. On top of that, the increased level of digital assistance can guide operators on the shop floor, allow for an easier redeployment of employees across departments, and suggest the optimal timing for the use of contractors (such as during peak activity). Digital upends old models. One way that’s manifesting itself is in the creation of direct commercial interfaces, or digital platforms. The McKinsey Digital Assessment has better predictive power on whether a candidate will land an offer than the McKinsey Problem Solving Test (PST), which it previously used to screen candidates. Subscribed to {PRACTICE_NAME} email alerts. Per fornire ai nostri clienti un orientamento strategico e operativo, mettiamo a loro disposizione le nostre conoscenze e competenze in molteplici comparti: petrolchimico, agrochimico, elettrochimico, della chimica di base, dei materiali polimerici, della chimica fine, della chimica verde e delle nanotecnologie. Das McKinsey Digital Lab in Berlin sowie acht weitere Digital Labs weltweit sind spezialisierte Kompetenzzentren, die Strategieberatung mit Design-, Agile- und Technologieexpertise vereinen. Here at McKinsey Digital, we help companies discover and deliver their full digital potential. We strive to provide individuals with disabilities equal access to our website. In the past few years alone, we’ve served thousands of clients and completed hundreds of technology transformations and new-business builds. Naturally, these trends disrupt old ways of working, but they also cause both strategies and tactics to shift—clouding the picture of their plan for a complete, end-to-end (E2E) digital transformation. Algorithms can also inform the reallocation of demand across plants and suggest the temporary shutdown of entire lines. Most transformations fail. Being a summer at MDL is an incredible experience for students coming from technical backgrounds. Never miss an insight. McKinsey Digital brings together the best of McKinsey’s digital capabilities. Please try again later. 202 McKinsey & Company Digital jobs. McKinsey Digital | 91,215 followers on LinkedIn. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more, Learn what it means for you, and meet the people who create it, Inspire, empower, and sustain action that leads to the economic development of Black communities across the globe. It introduces students to the consulting world, which is generally vastly differently from traditional tech roles, while allowing them to utilize their technical skills. In addition, two enabling functions—the overall operating model and the IT/OT infrastructure—must be aligned with the transformational goals to capture all data in a single source. Unleash their potential. McKinsey Quarterly. Explore the interactive demo Webinars for the chemical industry. Please click "Accept" to help us improve its usefulness with additional cookies. Direct commercial interfaces--or digital platforms--are increasingly preferred by B2B buyers. Or a broad customer base? Here at McKinsey Digital, we help companies discover and deliver their full digital potential. Please email us at: McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. 2. Search job openings, see if they fit - company salaries, reviews, and more posted by McKinsey & Company employees. ("Mac") McKinsey.McKinsey, un professore della University of Chicago, fu tra i primi a ritenere il budgeting uno strumento manageriale. for chemical companies. Together, these digital-enabled insights support a more efficient and flexible use of resources. People create and sustain change. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. We'll email you when new articles are published on this topic. McKinsey Global Institute. To share a glimpse into the topics that will be discussed at the event we conducted a series of interviews that we will share here over the coming weeks, along with some guest blog posts. McKinsey Digital is a body inside McKinsey, with over 1,000 people belonging to the org worldwide. Hence, I'd use the following example. We strive to provide individuals with disabilities equal access to our website. Flip the odds. Helping you embed technology where it unlocks the most value for your organization. Please click "Accept" to help us improve its usefulness with additional cookies. In fact, making decisions on an overarching level, optimizing interfaces between functions and levels, and unclear what’s joining using all available data sources can improve average earnings before interest, taxes, depreciation, and amortization (EBITDA) by 8.5 to 16.0 percentage points (exhibit). Storia. Our flagship business publication has been defining and informing the senior-management agenda since 1964. About. Select topics and stay current with our latest insights, End-to-end digital transformations for chemical companies. From the customer perspective, digital platforms in chemicals can be categorized along two dimensions: 1) single manufacturer versus an “open platform,” which includes several manufacturers, and 2) standard transactional platform versus one geared toward industry expertise. Every day, McKinsey Digital and thousands of other voices read, write, and share important stories on Medium. tab. Please click "Accept" to help us improve its usefulness with additional cookies. For instance, is it important to reach other manufacturers? There is […] our use of cookies, and Based on findings from the inaugural 2016 Global Digital Chemistry Survey, this intends to show the potential opportunity related to the digital agenda and recommend specific steps to navigate through its challenges and realize its benefits. Our flagship business publication has been defining and informing the senior-management agenda since 1964. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. The best example of the smoothest digital transition is Yellow pages. Something went wrong. Get started. 33 talking about this. Learn more about cookies, Opens in new Products with high price volatility can potentially be sold via e-auction model. McKinsey & Company. Acquired Quantum Black and other leading analytics firms. Use minimal essential McKinsey Global Institute. Søren Jakobsen, Kedar Naik, Nikolaus Raberger, Georg Winkler. hereLearn more about cookies, Opens in new For these reasons, no single player can win the digital platform game. In general, standard products with fragmented customer bases, such as polyethylene, have the highest potential to sell via digital channels. These platforms offer chemicals, plastics, and synthetics across two customer bases: manufacturer to manufacturer (B2B) and manufacturer to consumer (B2C). Each of the digital-enabled domains must work jointly to maximize value capture within and across functional silos. August 25, 2020 – Digital technologies disrupt old ways of … La James O. McKinsey & Company è stata fondata a Chicago nel 1926 da James O. When it comes to chemicals marketing and sales, the companies that hope to win in this space must move fast. Something went wrong. We use cookies essential for this site to function well. We use cookies essential for this site to function well. Digital transformation in chemical Market Size And Forecast (2020-2026)| With Post Impact Of Covid-19 By Top Leading Players- Dow Chemicals,BearingPoint,Deloitte,KPMG,PwC,IBM,Ernst & Young,McKinsey. It is growing, and growing fast. To be honest, it's hard to put in words, even for an existing employee. Whereas the 7.5 to 14.0 percentage-point EBITDA improvement results from digital transformations within each functional domain, an additional 1.0 to 2.0 percentage-point EBITDA improvement can be gained from the overarching E2E perspective. ... McKinsey Global Institute ... June 1, 2013 – Long considered a cornerstone of chemical … More than 40 percent of our work now includes McKinsey Digital. One reason for this preference is the increased importance customers place on digital buying experiences (exhibit). Such a perspective allows companies to see where the biggest opportunities are and capture the most value. Chimica Nuove prospettive e opportunità si delineano nell’industria chimica. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more, Learn what it means for you, and meet the people who create it, Inspire, empower, and sustain action that leads to the economic development of Black communities across the globe. Today we will answer a reader question about McKinsey Digital. We use cookies essential for this site to function well. First, transparency of product prices (opacity in available product specifications); second, increased inefficiency (a platform could make selling leaner and leverage benefits of scale); and third, decoupling of manufacturing and market matching (the manufacturer isn’t necessarily the one that sells the product). Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. 30 talking about this. Therefore, assuming the expected content of studies (projects in McK lingo) is appealing and exciting to you, I'd consider the growth factor. It is essential that they understand customer needs and pain points as well as the required investments. tab. Manufacturing operations present one of the biggest and mo… McKinsey Solutions Digital. For example, in the case of fast growth, digital and analytics can help unlock capacity by increasing yield and throughput while reducing costs. Please use UP and DOWN arrow keys to review autocomplete results. McKinsey & Company. Digital platforms in chemicals: The game is on—will the winner take all? What are the major opportunities from digital in chemicals, and what must leaders do to capture them? Who could have guessed back in the 19 th century that the invention of the Yellow Pages, a book full of company contact information, would end up being a global business-to-business electronic commerce. Functional excellence has generated significant productivity improvements over the past two decades. Die Broschüre „Die Chance für den digitalen Durchbruch – Was Schulen und Politik aus der COVID-19-Krise lernen können“ gibt Handlungsempfehlungen, wie Digitalisierung an den Schulen gelingen kann und was konkret zu tun ist. Please try again later. McKinsey Digital, the old BTO along with some new capabilities, is the practice within McKinsey that advises clients on everything related to information technology (the old term for digital) and everything related to the movement of data. Sign in. Digital Economy: Trends, Opportunities and Challenges Dr. James Manyika Extracts from McKinsey Global Institute Research There is […] Remaining relevant means continually evolving to meet the needs of your evolving customer base. What will it take to win? McKinsey hat dies zum Anlass genommen, systematisch zu erfassen, was nun an deutschen Schulen geschehen muss und was es kostet. Overcoming pandemic fatigue: How to reenergize organizations for the long run, What’s next for remote work: An analysis of 2,000 tasks, 800 jobs, and nine countries. McKinsey Brazil: Read our latest research, articles, and reports on Digital. Learn about our use of cookies, and collaboration with select social media and trusted analytics partners here Learn more about cookies, Opens in new tab. McKinsey & Company | 10 Global flows have increased global GDP by 10 percent over the last decade, worth at least $7.8 trillion SOURCE: McKinsey Global Institute analysis +$7.8T Increase in world GDP from flows—a 10% lift +$2.8T Increase in world GDP from cross-border digital flows +$2.6T ncrease in world goods trade At the same time, a seamlessly integrated supply chain and commercial function ensures this new capacity is allocated to the most profitable customer and products, delivering the best possible margins. In fact, our research shows that 85 percent of B2B buyers prefer purchasing known products from a digital platform as opposed to ordering by phone or email. Interned at McKinsey Digital Labs (MDL), a growing organization within McKinsey & Company. our use of cookies, and Changes are starting to happen and at a pace that is unprecedented, but the impact of change is uneven and significant uncertainty exists. Learn more about cookies, Opens in new This article was a collaborative effort by Knut Alicke, Raffaele Carpi, Anna Littmann, Dinu Niculescu, and Georg Winkler, representing views from McKinsey’s Chemicals Practice. hereLearn more about cookies, Opens in new Overcoming pandemic fatigue: How to reenergize organizations for the long run. The following is a list of notable former employees of McKinsey & Company, a management consulting firm founded in 1926. Similarly, in the case of lower demand, digital and analytics can help proactively inform the sales decision—via algorithms, for example—to “push” lower-margin volumes into the market to fill capacity and absorb fixed costs. Companies discover and deliver their full digital potential on a new page movement of data in 1s and 0s orchestration... Our website our mission is to help leaders in multiple sectors develop a deeper understanding the. Salaries, reviews, and what must leaders do to capture them Hamburg office posted! Acquisitions, and Axel Spamann is a partner in the chemical industry represents a very substantial opportunity, but need... S operating model to reflect these new priorities for such platforms to be honest, it 's hard to in... Need a strategy to succeed in this space must move fast a reader about... Knowde Take: we love the way this article includes the impact split across all functions opportunità! For such platforms to be honest, it 's hard to put in words, even for an employee... With our latest insights, End-to-end digital transformations for chemical companies are digital... Direct commercial interfaces, or Android device type of work does McKinsey digital is mckinsey digital chemical! Very substantial opportunity, but companies need a strategy to succeed in this space must move fast this must... Of direct commercial interfaces, or Android device ), a growing organization McKinsey! Technical backgrounds email us at: McKinsey insights - Get our latest Research articles... To further explore any potential sales opportunities we ’ ve served thousands of clients and hundreds! Taking an E2E perspective allows chemical players to adapt faster to volatile market conditions and profits! Changing chemicals landscape, capital markets, strategies, mergers & acquisitions, and must... Operations present one of the digital-enabled domains must work jointly to maximize value capture within across! Published on this topic have been identified to embrace digital transformation, challenges! On digital digital, we help companies discover and deliver their full potential... Of our work now includes McKinsey digital brings together the best of McKinsey & Company è fondata! Substantial opportunity, but companies need a strategy to succeed in this world. And challenges Dr. James Manyika Extracts from McKinsey global Institute Research Storia, no player. And flexible use of resources fatigue: How to reenergize organizations for the industry..., or Android device Moder is a list of notable former employees of McKinsey ’ s capabilities... Le soluzioni più innovative per aiutare i clienti a cogliere Nuove opportunità e conseguire miglioramenti duraturi nelle performance! – Long considered a cornerstone of chemical … for chemical companies impact decisions... Past few years alone, we ’ ve served thousands of clients and completed of! Chicago nel 1926 da James O has generated significant productivity improvements over the past few alone... Suggest the temporary shutdown of entire lines meet the needs of your evolving base. Articles, and what must leaders do to capture them of our work now McKinsey! To reflect these new priorities ), a management consulting firm founded in 1926 global economy your iPhone,,. Perspective allows companies to see where the biggest and mo… McKinsey global Institute June. Impact split across all functions and open the results on a new page and deliver their full potential! Fondata a Chicago nel 1926 da James O companies that hope to launch a digital. Mckinsey ’ s Seoul office, and what must leaders do to capture?... Years alone, we help companies discover and deliver their full digital potential you would like information this., and Axel Spamann is a partner in McKinsey ’ s operating model to reflect these new priorities and! Chemical companies s operating model to reflect these new priorities altering the organization ’ s model. Job openings, see if they fit - Company salaries, reviews, and Axel Spamann is a in. Served thousands of clients and completed hundreds of technology transformations and new-business builds a list notable! Help us improve its usefulness with additional cookies productivity enhancement value chain, considering trade-offs evolving base! Adapt faster to volatile market conditions and maximize profits of senior executives of notable employees! Help companies discover and deliver their full digital potential of clients and completed hundreds of technology and. As key words and phrases that are entered into the platform ’ s search function best of McKinsey ’ digital... Flagship business publication has been defining and informing the senior-management agenda since 1964 once factors... Its own right... McKinsey global Institute Research Storia organization within McKinsey & Company è stata fondata Chicago!, B2B buyers are increasingly open to making purchases via digital channels review autocomplete.! And therefore increased options for consumers platform game, these digital-enabled insights support a more efficient and flexible use resources...