The 17th Annual India Chemical Industry Outlook Conference organized by ICC comes at a critical juncture of a very uncertain geopolitical scenario of two wars – the Russia-Ukraine war and the Middle East flare-up.
Major concerns across the world are Energy, Security, Food and Commodity Security, Supply Chain Disruption and Economic stability. Businesses globally are building geopolitical impacts in their business strategies. Ocean politics, control and influence over major trade routes like the South China Sea and the Red Sea could pose a new set of challenges for Business and Trade.
Till last year, Climate Change and Sustainability were at the top of the agenda for business leaders – while they remain paramount, AI is fast emerging as a new tool of business. As the world grapples with a multipolar world, India emerges in the sweet spot of healthy GDP growth and a pre-eminent position of influencing global opinion.
ICC along with McKinsey&Company brings to you in this conference all these complexities. The current trends are how businesses should adopt and take advantage of the new opportunities and how to mitigate risks and downsides.
The Conference also brings to the fore major areas of functional excellence like AI and Digitalization, De-Risking Procurement Focused R&D and a quicker Lab to Market Route Innovation and Start-Ups. These functional excellences help in building resilience and build growth opportunities.
In addition to the above, to involve government as a key stakeholder, there is a panel discussion with State governments discussing enablers for the growth of chemical industry, and a keynote on Country Partnerships.
And lastly, a whitepaper by McKinsey&Company along the lines of securing competitiveness and protecting margins of the Indian Chemical Industry will be launched.