Turnaround strategy in Chemicals
Context & Objectives

O&G chemicals company is facing many challenges in a volatile market and has been struggling with internal issues impacting its reputation as an innovative and high-quality supplier

Emertonhas been requested to the design and implementation of a turnaround strategy

Outcome

Sales aligned with Budget during first quarterafter start of implementation (first time in 6 quarters)

Our approach
Step 1: Identify main issues and challenges

-  Market challenges

-  Internal issues

Step 2: Build a turnaround action plan, covering:

-  Commercial plan

-  Innovation plan

-  Manufacturing performance plan

-  Supply chain plan

Step 3: Support the implementation, in various areas such as:

- Support for Investment Committee for selected Capex initiatives

- Design of a pricing tool

Our experts
Dan Dannenberg
Managing Partner
Nicolas Weissberg
Partner
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