Chemicals

The chemical industry has been impacted more than most by the effects of geopolitical and supply disruptions—from port congestion and skyrocketing shipping costs to challenges sourcing critical metals and minerals, including nickel, aluminum, titanium, and iron. At the same time, ESG pressures are seeing chemical companies make the shift toward more eco-friendly products, while improving supply chain resilience and adopting digital tools to become more robust and agile.

ESG has long been on the radar of chemical companies, but they’re now under even more scrutiny from regulators and stakeholders to ensure environmental transparency and compliance. While many chemical companies already have an ESG framework in place, new regulatory pressures and stakeholder demands are advancing timelines. They’re also under pressure to improve diversity, equity, and inclusion in the workforce, particularly as they face a global shortage of skilled workers.

With an inflationary economy impacting the manufacture of consumer goods, bulk chemicals are susceptible to input commodity prices, thus leading companies to look for ways to offset those costs. At the same time, with the industry’s ongoing portfolio transformation, they need to stay nimble in the mergers and acquisitions (M&A) arena. Remaining viable means chemical companies must adapt to a different business environment and those that are most agile are expected to be best placed to capitalize on new market opportunities.

KPMG is a leading provider of advisory, audit, and tax services to the chemicals and materials industry. Whether you’re a base, consumer, specialty, or fine chemicals producer, or part of the supply chain for industrial companies, our professionals understand the new realities of today’s chemical industry. We have extensive experience working with the world’s leading chemicals and performance technology companies, from reporting on ESG to digital supply chain transformation to contract compliance for pass-through pricing and quantities.

Through our global network of member firms around the world, we can help you navigate this changing landscape, whether you’re a specialty chemicals producer with operations in Canada or a global player with significant asset investment. Here are just some of the services we offer on the issues that matter most to you.

• Manage profit margins
• Deal with mergers, acquisitions, and disposals
• Integrate sustainability in day-to-day operations
• Enhance your supply chain
• Build foundations for the future through innovation
• Attract and retain talent
• ESG reporting and strategy development

• Enhancing operational efficiencies
• Evolving distribution channels
• International trade and customs
• Market entry and expansion
• Mergers and acquisitions
• Plant locations, closures, and relocation
• Supply chain and procurement