Chemical Companies Implement Flexible Planning Strategies

According to the global chemistry industry production index, chemical production declined more than 10% in the first half of 2009. As a result, chemical companies are using flexible planning strategies to forecast supply and demand.

These strategies, along with the forces moving the industry, are analyzed in a report issued by Deloitte Touche Tohmatsu’s Global Manufacturing Industry Group. The report is entitled "Adapting To A Changing Landscape: Midyear Outlook For The Global Chemical Industry."

“Chemical companies are struggling with how to effectively plan for the future given the market’s uncertainty,” said Tim Hanley, vice chairman and U.S. Process and Industrial Products industry leader, Deloitte LLP. “Experimenting with new business models that account for new customers and suppliers may be the way to navigate through these challenging times.”

Is your company experimenting with new business models?

Traci Purdum
Senior Digital Editor