27 posts categorized "Leadership"

February 27, 2015

Landscape evolving for global chemicals industry

Chemicals-landscape-blogDeloitte Global was proud to host its 10th Global Chemical Think Tank recently in Dusseldorf, Germany. The event brings together Deloitte member firm clients and Deloitte professionals from around the world to engage in forward thinking discussions on key trends and issues impacting the global chemicals industry. While several topics were featured on the agenda, let me highlight three topics which resonated with me. 

First, the chemicals industry landscape is continuing to evolve with companies that are better focused on providing solutions to emerging customer needs to become more globally competitive. In an industry which over the last decade has grown on average on par with gross domestic product (GDP), breakthrough performance will demand the ability to harness new exponential technologies and adapt business models to drive innovation and exceptional growth. This is an inflection point for the industry, which is poised for new developments in areas such as advanced materials, material-based systems manufacturing, and digital design. To cope with these opportunities and challenges, companies will likely need to deploy innovative talent strategies to have the right skills needed to drive the business forward as the industry competes in the digital age.

Secondly, the feedstock environment is changing, both with the volatility of oil prices, as well as with the potential for next generation bio-based feedstock becoming more important in the future. While lower oil prices continue to steal the headlines, there appears to be growing investments and collaborative innovation in bio-based feedstock as a sustainable energy alternative. Given the multifaceted dimensions of the feedstock prism, companies will likely turn to advanced analytics as a competitive tool to find the right feedstock strategy for their business. The recent steep decline in oil prices, which impacts the pricing of naphtha, will likely create short term opportunities and challenges, depending on the feedstock source for companies. While this decline may not be lasting, it is a development being closely monitored.

Finally, mergers and acquisitions (M&A) will likely continue to be robust in the global chemicals sector. In 2015, the U.S. is expected to continue to be of interest, driven by anticipated moves by chemical companies to realign their portfolio as well as by strategic investments to position as the shale gas opportunity gradually unlocks. Further, commodity deals are likely to lead the pack, but specialty deals is expected to rebound to 2012 levels. Among the challenges that could hamper M&A activity in the sector include debt availability in certain geographies, competition and regulations changes, use of spin-offs rather than divestitures to executive portfolio realignment, and a significant global conflict.  Read more in Deloitte's recently released 2015 Global chemical industry mergers and acquisitions outlook.

Some of the topics I share in this article highlight the dynamic opportunities that lie ahead for all manufacturers – not only in the chemical industry. Over the next few months I hope to continue to offer perspectives on different sectors and issues.

 


 

Tim HanleyTim Hanley is the Global Leader of the Manufacturing Industry group of Deloitte Touche Tohmatsu Limited (DTTL). In his global industry leadership role, he directs strategic initiatives and investments to grow Deloitte member firm market share within the manufacturing industry. During his distinguished 35-year career, Hanley has led teams serving all business aspects, including consulting with top management regarding organizational financial strategy development and execution, acquisitions, and market development.

January 21, 2014

Business must disrupt the status quo

Blog_joee_davos14_300x200It’s time for real change. It’s time for disruption.

In the last few years, the world has been lurching from financial crisis to financial crisis. As business leaders gathered last year at the World Economic Forum’s annual meeting, the U.S. government had just narrowly averted falling off the fiscal cliff. Less than a year later, the U.S. found itself in a similar situation, which resulted in the third-longest government shutdown in U.S. history.

Despite all of this, in the U.S., and globally, there have been positive signs of economic recovery and business growth. Momentum continues and that is why I’m optimistic for the upcoming year.

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January 20, 2014

Womenomics in action

Goto_yoriko_300x200This year I am attending the World Economic Forum Annual Meeting in Davos as a representative from Deloitte Japan and as a Deloitte Touche Tohmatsu Limited (DTTL) board member. Even as a third-time delegate, I am always thrilled to meet great people and be exposed to new perspectives and innovative ideas.

Last year, I emphasized the importance of including women in the boardroom for business development and innovation. In fact, DTTL has increased the percentage of female board members from 8 percent to 25 percent this year. It is a great honor for me to have been appointed as one of the DTTL board of directors in addition to a board member role in Deloitte Japan.

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September 30, 2013

Disruptive innovation: It's now the fast that eat the slow

Blog image fastDisruptive innovation is a subject we hear a lot about these days. But never have I heard its impact on the large versus the small quite so sharply represented as during a panel I recently moderated made up of business executives.

Let me set the stage. All of the panelists had experienced the perspective of the large, multinational enterprise. One panelist is currently serving as COO of a large bank with 40,000 employees. One had worked for large companies but now was the CEO of his own successful tech start-up. Another panelist was the former CEO and president of a multinational pharmaceutical company and is now a partner in a small private equity firm. Similarly, the last panelist had worked in large tech companies but is now a partner with a smaller enterprise.

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September 19, 2013

Holding the banner high: Innovation, value chains, and competitiveness in a new era of global growth

Gary with Mayor of TianjinThe World Economic Forum’s (WEF) Annual Meeting of the New Champions (AMNC, or Summer Davos) in Dalian, China, last week centered on the theme of innovation. With China’s growth no longer in the double digits, innovation and the energy it can bring to the world economy is looming large. Indeed, Chinese Premier Li Keqiang was emphatic in his remarks at the event’s opening plenary: “Innovation is the running theme and spirit of the policies adopted by the Chinese government, and it is the banner that we will always hold high.”

But innovation in a vacuum is meaningless, and Premier Li recognizes this. “We live in a global village” said Li. “No country can live in isolation of others like Robinson Crusoe.” Nowhere is this more true than when it comes to global value chains (GVC). Value chains are now the ties that bind countries together and bring public and private innovation to the world.

Continue reading "Holding the banner high: Innovation, value chains, and competitiveness in a new era of global growth" »

August 22, 2013

Running in the red in 2013: HR leaders under pressure

As I work with Chief Human Resources Officers (CHROs) at leading companies around the world, I am seeing talent challenges boiling to the surface, and HR is under pressure. 

Earlier this year Deloitte’s Global Human Capital consulting group conducted a global survey of 1,300 executives in 59 countries to rank the most relevant human capital trends facing their organizations; we were a bit surprised to find that the issues they face -- regardless of country or industry -- are very similar. The Human Capital Trends 2013 report Resetting Horizons details 13 trends which HR and business leaders need to place front and center as they shift their focus beyond the recession to the new growth opportunities ahead. The list of critical current and emerging trends includes both areas where HR needs to do new things – exploration-- and areas where HR needs to do thing better -- execution.

Not surprisingly, given the changes afoot, leadership pipelines and readiness is the top concern:  84 percent of global business and HR executives reported they must look for creative ways to develop new leaders as traditional leadership models are not keeping pace with today’s rapidly changing business and work environment. 

Continue reading "Running in the red in 2013: HR leaders under pressure" »

January 30, 2013

Making a genuine gender difference

Blog_woman_waitingroom_300x199It is one of the enduring paradoxes of working life: Advancing women in business life seems common-sense but in practice appears to flounder and not make the headway we all expect. The reasons for this were a topic of discussion at the recent OECD Gender Forum – Closing the Gender Gap: Act Now, where I joined a distinguished group of participants, including government and business leaders. It was clear from our discussion that challenges remain.

Take diversity for example. Deloitte Australia has recently carried out ground-breaking research (“Waiter, is that inclusion in my soup?”) in the manufacturing, retail, and healthcare sectors. When modelling the relationship among diversity, inclusion and business performance, the research found that when both diversity and inclusion were high, there was an uplift of some 80 percent in perceptions of business performance. Buoyed by these results, the research was widened to include customer service, innovation and engagement. And the same thing happened: Perceptions of business outcomes are always significantly higher with high diversity and high inclusion. Another finding was that where employees perceive their organization is committed to and supportive of diversity, and where employees feel included, they are 80 percent more likely to believe they work in a high-performing organisation.

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January 24, 2013

Bringing female perspectives in the boardroom – Challenges in Japan

Dttl_YorikoGoto_DeloitteJapan_300x200I have the honor to attend the World Economic Forum in Davos as one of the five representatives from Deloitte this again year. Deloitte LLP, the U.S. member firm, was the first professional firm that launched an initiative for the retention and advancement of women in the United States. Started in 1993, the Women’s Initiative changed the firm culture to retain and advance female professionals with leaders’ solid commitment.

Within 20 years, the U.S. firm achieved quite a number of goals: closing the gender gap in retention and promotion (female partner ratio from 7% to 23% and female board member from 1% to 30%). This was, of course, a turbulent journey, but does prove that we can make it happen if we believe in it.

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September 13, 2012

Can innovation be underpinning a Manufacturing Renaissance?

Tim in AustraliaI had the privilege of speaking a few weeks back at the Australian Industry Group National Forum, the premier industry event which is held annually at Parliament House in Canberra, Australia. More than 350 CEOs, senior executives, and government officials listened to an array of local and international speakers address some of the major issues and big ideas on Australia’s national agenda together with strategies to improve the industry competitiveness. It was quite an honor to be invited to participate in this session.

During my presentation, which was featured in ABC TV’s The Business program (see video clip) I shared perspectives of how innovation is at the heart of what some are calling a “Manufacturing Renaissance” or an industry revival. Often overlooked as a place for innovation, manufacturing continues to be on the leading edge of innovation. You just have to look at the bold innovation plays that are happening today in areas such as advanced materials systems, additive manufacturing, and sustainable mobility.

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June 06, 2012

Share and share unalike

Simon Holland, Global Head of Strategic Change & Organizational Transformation, looks at how perceptions of leadership influence stock market analysts

Want a premium rating from financial analysts? Don’t just focus on the bottom line. Think about sustainable leadership

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  • “A company should not only seek short-term profit, but should always have long-term vision and seek to contribute to society.”
  • "I look for senior managers who work collectively well—teams rather than superheroes.”
  • "There are many different types of leader, and I wouldn’t ascribe any one trait over another … If I had to name just one, I would say the ability to recognize their own weaknesses and supplement those with other people … Building up the senior leadership team’s confidence allows the strategy to be implemented effectively, and improves the execution.”
  • “I don’t view financial performance as that important because I think it is only a result.”

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