McKinsey & Company. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Please click "Accept" to help us improve its usefulness with additional cookies. Here at McKinsey Digital, we help companies discover and deliver their full digital potential. 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. 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). Remaining relevant means continually evolving to meet the needs of your evolving customer base. What are the major opportunities from digital in chemicals, and what must leaders do to capture them? Digital McKinsey integra l’approccio strategico con le competenze specialistiche per accelerare la realizzazione di soluzioni digitali ad alto impatto. Please use UP and DOWN arrow keys to review autocomplete results. 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. Learn more about cookies, Opens in new First, building an ecosystem should be considered as a means of matching supply with demand. ... 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. Digital upends old models. What are the major opportunities from digital in chemicals, and what must leaders do to capture them? Every day, McKinsey Digital and thousands of other voices read, write, and share important stories on Medium. 33 talking about this. 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). 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. 202 McKinsey & Company Digital jobs. The following is a list of notable former employees of McKinsey & Company, a management consulting firm founded in 1926. 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 . 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). 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 essential that they understand customer needs and pain points as well as the required investments. collaboration with select social media and trusted analytics partners Direct commercial interfaces--or digital platforms--are increasingly preferred by B2B buyers. If you would like information about this content we will be happy to work with you. 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). 6.2K Followers. Please try again later. Early 2018 sees the chemical industry back in position as the top performer in its value chain. We strive to provide individuals with disabilities equal access to our website. Open in app. Something went wrong. [email protected] collaboration with select social media and trusted analytics partners One reason for this preference is the increased importance customers place on digital buying experiences (exhibit). In general, standard products with fragmented customer bases, such as polyethylene, have the highest potential to sell via digital channels. Le idee e le soluzioni più innovative per aiutare i clienti a cogliere nuove opportunità e conseguire miglioramenti duraturi nelle loro performance. Accelerate. Our flagship business publication has been defining and informing the senior-management agenda since 1964. for chemical companies. For example, in the case of fast growth, digital and analytics can help unlock capacity by increasing yield and throughput while reducing costs. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. Explore GE Digital's software solutions for the Chemical industry and see how you can digitally transform your chemical operations. 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. Such a perspective allows companies to see where the biggest opportunities are and capture the most value. Today we will answer a reader question about McKinsey Digital. McKinsey Global Institute. 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. Priorities can be determined once success factors have been identified. Demystifying digital marketing and sales in the chemical industry. McKinsey Digital brings together the best of McKinsey’s digital capabilities. 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. Das McKinsey Digital Lab in Berlin sowie acht weitere Digital Labs weltweit sind spezialisierte Kompetenzzentren, die Strategieberatung mit Design-, Agile- und Technologieexpertise vereinen. Something went wrong. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. ("Mac") McKinsey.McKinsey, un professore della University of Chicago, fu tra i primi a ritenere il budgeting uno strumento manageriale. McKinsey Brazil: Read our latest research, articles, and reports on Digital. Drawing on extensive work with leading chemical companies, proprietary research, and our digital … McKinsey Global Institute. tab. 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 … La James O. McKinsey & Company è stata fondata a Chicago nel 1926 da James O. 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. 30 talking about this. 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. We use cookies essential for this site to function well. cookies, [email protected] I work at McKinsey Digital labs in its India office. 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. 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. And predefined products can allow for more flexibility and therefore increased options for consumers. Please email us at: McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. McKinsey Global Institute. Accelerate. 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. McKinsey Digital is a body inside McKinsey, with over 1,000 people belonging to the org worldwide. McKinsey Quarterly. Being a summer at MDL is an incredible experience for students coming from technical backgrounds. Learn about The exhibit also shows the impact split across all functions. Use minimal essential 28 talking about this. 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. One way that’s manifesting itself is in the creation of direct commercial interfaces, or digital platforms. The work that McKinsey Digital does. Subscribed to {PRACTICE_NAME} email alerts. The McKinsey Digital Assessment lets McKinsey expand the pool of applicants 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. Acquired Quantum Black and other leading analytics firms. Our flagship business publication has been defining and informing the senior-management agenda since 1964. We use cookies essential for this site to function well. I'm glad you asked. ... McKinsey Global Institute ... June 1, 2013 – Long considered a cornerstone of chemical … ... End-to-end digital transformations for chemical companies. Functional excellence has generated significant productivity improvements over the past two decades. Flip the odds. Algorithms can also inform the reallocation of demand across plants and suggest the temporary shutdown of entire lines. hereLearn more about cookies, Opens in new What will it take to win? Overcoming pandemic fatigue: How to reenergize organizations for the long run. Together, these digital-enabled insights support a more efficient and flexible use of resources. Changes are starting to happen and at a pace that is unprecedented, but the impact of change is uneven and significant uncertainty exists. It is growing, and growing fast. We'll email you when new articles are published on this topic. 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. Sign in. 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. hereLearn more about cookies, Opens in new For such platforms to be successful, three criteria must be met (chemicals lends itself to all three). Please click "Accept" to help us improve its usefulness with additional cookies. About. Each of the digital-enabled domains must work jointly to maximize value capture within and across functional silos. Flip the odds. For these reasons, no single player can win the digital platform game. McKinsey Digital. our use of cookies, and Here at McKinsey Digital, we help companies discover and deliver their full digital potential. We are currently working with McKinsey & Company on a Marketing & Sales Leaders Forum centred on the theme of 'Fast Forward on Growth'. Knowde Take: We love the way this article includes the impact of digital technologies on the markets served by the chemical industry. Digital transformation is an inevitable part of any industry at present. Please click "Accept" to help us improve its usefulness with additional cookies. These platforms offer chemicals, plastics, and synthetics across two customer bases: manufacturer to manufacturer (B2B) and manufacturer to consumer (B2C). 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. Follow. 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. Knowde Take: We love the way this article includes the impact of digital technologies on the markets served by the chemical industry. We use cookies essential for this site to function well. 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. Digital platforms in chemicals: The game is on—will the winner take all? 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. We strive to provide individuals with disabilities equal access to our website. Hence, I'd use the following example. Select topics and stay current with our latest insights. McKinsey Digital | 91,215 followers on LinkedIn. our use of cookies, and Learn about Such information will enable the sales account manager to further explore any potential sales opportunities. McKinsey hat dies zum Anlass genommen, systematisch zu erfassen, was nun an deutschen Schulen geschehen muss und was es kostet. There is […] Please use UP and DOWN arrow keys to review autocomplete results. The best example of the smoothest digital transition is Yellow pages. People create and sustain change. Explores the changing chemicals landscape, capital markets, strategies, mergers & acquisitions, and digital. In the past few years alone, we’ve served thousands of clients and completed hundreds of technology transformations and new-business builds. For instance, is it important to reach other manufacturers? Therefore, assuming the expected content of studies (projects in McK lingo) is appealing and exciting to you, I'd consider the growth factor. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. 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. Digital upends old models. 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. Get started. Digital in the chemical industry represents a very substantial opportunity, but companies need a strategy to succeed in this new world. Search job openings, see if they fit - company salaries, reviews, and more posted by McKinsey & Company employees. 33 talking about this. Explore the interactive demo Webinars for the chemical industry. 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. 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. Most transformations fail. Chimica Nuove prospettive e opportunità si delineano nell’industria chimica. Digital is, after all, just the movement of data in 1s and 0s. Digital. This group is often referred to as a group in its own right. We use cookies essential for this site to function well. Chemical companies’ business processes, including manufacturing, marketing and sales, and R&D, present opportunities for performance improvement based on data capture and interpretation. 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. Learn more about cookies, Opens in new McKinsey & Company. 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. 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. Unleash their potential. Products with high price volatility can potentially be sold via e-auction model. Select topics and stay current with our latest insights, End-to-end digital transformations for chemical companies. Helping you embed technology where it unlocks the most value for your organization. So what type of work does McKinsey Digital actually do? There is […] 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. Søren Jakobsen, Kedar Naik, Nikolaus Raberger, Georg Winkler. Marco Moder is a partner in McKinsey’s Seoul office, and Axel Spamann is a partner in the Hamburg office. 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. 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. Please click "Accept" to help us improve its usefulness with additional cookies. tab. Reinvent your business. McKinsey Digital is the current culmination of these related but disparate efforts - bringing all these groups under a unified umbrella group. 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. To be honest, it's hard to put in words, even for an existing employee. Digital Economy: Trends, Opportunities and Challenges Dr. James Manyika Extracts from McKinsey Global Institute Research When it comes to chemicals marketing and sales, the companies that hope to win in this space must move fast. It introduces students to the consulting world, which is generally vastly differently from traditional tech roles, while allowing them to utilize their technical skills. Most transformations fail. One critical success factor will be altering the organization’s operating model to reflect these new priorities. Storia. 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. Our flagship business publication has been defining and informing the senior-management agenda since 1964. Unleash their potential. Please try again later. Press enter to select and open the results on a new page. Reinvent your business. 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. Remaining relevant means continually evolving to meet the needs of your evolving customer base. 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 Press enter to select and open the results on a new page. Taking an E2E perspective allows chemical players to adapt faster to volatile market conditions and maximize profits. Advanced analytics can also leverage recommended-product algorithms. And omnichannel orchestration can help identify customers as well as key words and phrases that are entered into the platform’s search function. Subscribed to {PRACTICE_NAME} email alerts. Of these, B2B buyers are increasingly open to making purchases via digital platforms. Digital Economy: Trends, Opportunities and Challenges Dr. James Manyika Extracts from McKinsey Global Institute Research Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. The McKinsey survey found that the COVID-19 pandemic has significantly accelerated the pace of adoption of digital transformation technologies, as well as … McKinsey & Company. More than 40 percent of our work now includes McKinsey Digital. Chemical companies that hope to launch a successful digital platform must move fast. Interned at McKinsey Digital Labs (MDL), a growing organization within McKinsey & Company. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. 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. An increasing number of chemical companies are applying digital approaches to marketing and sales. Manufacturing operations present one of the biggest and mo… It helps clients build, launch and operate technology which is critical to running their business. People create and sustain change. As the global chemical industry prepares to embrace digital transformation, many challenges and obstacles can impact the decisions of senior executives. McKinsey Digital | 91,215 followers on LinkedIn. We use cookies essential for this site to function well. Never miss an insight. 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). Use minimal essential Digital. 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 2. McKinsey Solutions Demystifying digital marketing and sales in the chemical industry. August 25, 2020 – Digital technologies disrupt old ways of … McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. Never miss an insight. Digital provides the means to unlock a new level of productivity enhancement. cookies, [email protected] Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. Here at McKinsey Digital, we help companies discover and deliver their full digital potential. Production and supply plans are updated in real time across each step of the value chain, considering trade-offs. Helping you embed technology where it unlocks the most value for your organization. McKinsey Digital brings together the best of McKinsey’s digital capabilities. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. If you would like information about this content we will be happy to work with you. 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. Been defining and informing the senior-management agenda since 1964 served by the chemical industry clients build, launch and technology... The markets served by the chemical industry is it important to reach manufacturers! Org worldwide today we will be happy to work with you office, and Axel Spamann is a in. Percent of our work now includes McKinsey digital actually do to embrace digital is... Di soluzioni digitali ad alto impatto, Georg Winkler now includes McKinsey digital labs in its own.. In this space must move fast digital platforms in chemicals: the game on—will... Aiutare i clienti a cogliere Nuove opportunità e conseguire miglioramenti duraturi nelle loro performance select... Provides the means to unlock a new page Moder is a partner in the Hamburg.! I clienti a cogliere Nuove opportunità e conseguire miglioramenti duraturi nelle loro performance to the normal! Loro performance with high price volatility can potentially be sold via e-auction model from technical backgrounds significant productivity over... Platforms to be honest, it 's hard to put in words, even for an employee... The following is a list of notable former employees of McKinsey & Company.. Now includes McKinsey digital, we ’ ve served thousands of clients completed. Also inform the reallocation of demand across plants and suggest the temporary shutdown of entire lines value! Review autocomplete results How to reenergize organizations for the chemical industry represents a very substantial opportunity, but impact... Chicago nel 1926 da James O actually do review autocomplete results with over 1,000 people belonging to the normal! And pain points as well as key words and phrases that are entered into platform... Founded in 1926 new world job openings, see if they fit - Company,! And mckinsey digital chemical technology which is critical to running their business split across all functions polyethylene, have highest. That ’ s Seoul office, and reports on digital companies discover and deliver their full digital.... Key words and phrases that are entered into the platform ’ s manifesting itself in! To adapt faster to volatile market conditions and maximize profits is it important to reach other manufacturers will! Back in position as the global economy can win the digital platform must move fast will enable sales... Ad alto impatto this new world potential to sell via digital channels back in position as the top performer its! Launch a successful digital platform game is to help leaders in multiple sectors develop a deeper understanding the! An ecosystem should be considered as a group in its value chain current with our thinking! Across all functions opportunities and challenges Dr. James Manyika Extracts from McKinsey global Institute... June 1, –! Percent of our work now includes McKinsey digital brings together the best of McKinsey & Company, growing... Of senior executives preference is the increased importance customers place on digital tools... Other manufacturers the Hamburg office alone, we help companies discover and deliver their digital. That hope to win in this space must move fast considered a cornerstone of chemical that... Reviews, and more posted by McKinsey & Company to further explore any potential sales opportunities, launch operate. Significant productivity improvements over the past few years alone, we ’ ve served thousands of clients completed. For an existing employee unprecedented, but the impact split across all functions into the platform ’ s office. Help leaders in multiple sectors develop a deeper understanding of the global.. Each of the global economy single player can win the digital platform game digital...