The Indian petrochemical sector: How to rise the big wave coming in at you? – 14 May 2021

The Indian petrochemical wave is about to begin

And here is some very wise advise on how to ride this wave

Pricing excellence can provide 2 to 5 percent improvement in the top line, and this needs very intelligent work

A zero-based approach is highly effective to drive leaner organizational costs

External spend on materials and services across the value chain represents more than 70 percent of the total P&L cost for petrochemical players. So strategic sourcing is important

Digital-led improvements in manufacturing and supply chain operations present the biggest area of opportunity

Working capital optimization represents another opportunity to derive value.

With the upcoming wave of investment in petrochemicals, players need tight capex management to ensure in-budget and on-time completion of projects.

An elaboration of the above advisories and for other pearls of wisdom: Obtain it all here