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
Other Case-studies
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