Leaders from six major industrial and manufacturing companies and groups operating in India gathered on a video call on March 13 to share how they were handling the crisis now, and how they were planning for what is to come.
Many chemical enterprises have implemented pilot programs as a way of taking the first steps toward digital transformation. But the conversations we have with boards and CEOs, combined with our own observations in the field, suggest that pilot programs rarely lead to transformation in the chemical industry.
The combination of 3G Capital’s ongoing acquisitions, margin pressure from discounters like Aldi and Lidl and the expectations of activist investors has thrown consumer packaged goods companies in the food space squarely on the defensive. Most have reacted by going into cost-cutting mode, slashing entire layers of marketing and R&D talent from their organizations.