The Indian petrochemical sector: How to ride the big wave coming in at you?

NEW DELHI - May 17, 2021 - PRLog -- Prominent petrochemical website, indianpetrochem.com, has said in a news article, quoting from an AT Kerney Report, that the Indian companies will have to to be ready to catch the impending petrochemical booom that is coming.
In a news filing it said:
"The Indian petrochemical wave is about to begin
And here is some very wise advise on how to ride this wave
Pricing excellence can provide 2 to 5 percent improvement in the top line, and this needs very intelligent work
A zero-based approach is highly effective to drive leaner organizational costs
External spend on materials and services across the value chain represents more than 70 percent ofthe total P&L costfor petrochemical players. So strategic sourcing is important
Digital-led improvements in manufacturing and supply chain operations present the biggest area of opportunity
Working capital optimization represents another opportunity to derive value.
With the upcoming wave of investment in petrochemicals, players need tight capex management to ensure in-budget and on-time completion of projects.
An elaboration of the above advisories and for other pearls of wisdom: Obtain it all here. Click on the attachment for more