Dr. Kai Pflug, Shanghai, Senior Expert - Chemicals Markets & China, ChemAdvice GmbH

Note: This paper is a progression of an article published in the magazine CHEManager in April 2020.

Covid-19 will likely have a substantial impact on many strategic and operational issues of chemical companies. In particular, global chemical supply chains will be reevaluated, with the goal of reducing the risk resulting from reliance on single, often distant suppliers. Furthermore, Covid-19 may lead to demand shifts that need to be incorporated into the product planning of chemical companies.

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Crisis management alone does not create a future

The corona crisis confronts companies with major challenges especially in the chemical and life science industries and forces them to act. Dr. Volker Schlüter, Managing Partner ChemAdvice GmbH, and Stefan Treiber, Managing Director candidus Management Consulting, recommend to not only react to the current situation, but to think beyond it.

Dr. Volker Schlüter is managing partner of ChemAdvice GmbH.		Stefan Treiber is the founding partner and managing director of "candidus management consulting"

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Dr. Volker Schlüter, Managing Partner ChemAdvice GmbH

Currently, many companies in the chemical and life science industries are faced with special challenges due to the corona crisis. In addition to concerns about the health of their employees, the supply of the company with raw materials and intermediate products must be ensured. Furthermore, product sales projections on the demand side must also be reassessed. Therefore, it is now necessary to develop flexible action plans and to adapt to new business scenarios in an agile manner.

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March 2020

ChemAdvice awarded again - in 2020 one of the best consultancies

In these difficult times, it is nevertheless a pleasure for us to inform you that ChemAdvice was again awarded in 2020 as "one of the best consultancies" in the category "Chemicals & Pharma" by the business magazine brand eins and by Statista. We would like to thank you for setting trust and confidence in us and we are looking forward to future cooperation.