The European chemical industry has always been a pioneer in innovation. But is it losing its edge? Factors such as increasing cost volatility, ongoing supply chain disruptions, stringent regulatory requirements, changing consumer sentiments, accelerated digitalization of operations, and historically high inflation are beginning to reshape dynamics. To continue its journey as a leader, the industry must proactively respond to these obstacles and reinvent itself.
Our team of procurement and supply chain practitioners is working with supply chain leaders in some of the largest chemical companies to help them transform their operations and meet these challenges head-on. Talk to us today!
Strategic Cost Management
Chemical companies are being hit by inflationary pressure across their supplier base, driven by a perfect storm of macroeconomic and global supply chain factors. GEP helps organizations manage price inflation and volatility, and unlock sustainable cost reduction through deep category insights, price analytics, sourcing capability, and cost management capability.
- Understand optimal pricing through our advanced category should-cost modelling and cost intelligence
- Identify new sources of supply through our sourcing and supply market intelligence capability
- Rapidly identify and execute expense reduction opportunities
- Enable end-to-end transparency and control of expense to sustain P&L benefits long-term
Supplier and Enterprise Risk Management
Supply chains today include multiple partners, more so since the pandemic, with services and sourcing spanning several countries, continents, and jurisdictions across many suppliers. Having the right framework to manage this space will aid in managing supplier risk and getting ahead of the curve throughout the sourcing lifecycle.
GEP helps organizations optimize their global supply chains and better manage supply risks through our capability to:
- Diagnose global supply risk and unlock mitigation strategies
- Optimize global supply network and enable for the future
- Streamline and integrate planning, forecasting, and replenishment
- Optimize logistics and transport management
Sustainability Program and ESG
GEP partners with leading enterprises to enable their procurement and supply chain functions to drive organizational ESG goals across the value chain. We execute best-in-class strategies and develop benchmarks for enterprises to become ESG leaders. We help our clients create insights into their ESG performance, set target and develop strategies to:
- Achieve net-zero emissions in the supply chain
- Reduce human rights issues in the supply chain
- Leverage spend power to support disadvantaged communities
- Collaborate with suppliers to develop communities
M&A Synergies & Divestment Opportunities
GEP provides M&A services, including M&A clean-room services, post-merger integration and synergy cost-reduction programs.
- Day 1 readiness and synergy assessment to identify and execute quick-win synergy opportunities across all functions
- Clean room output validation and Synergy capture across all direct materials with extensive use of clean sheeting (should-costs modeling)
- Synergy savings implementation across direct and indirect categories exceeded savings targets in 2 years
