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Petroleum: Surviving in the post-COVID-19 era

The pandemic has created a perfect storm for the global petroleum industry, combining oversupply with a dramatic fall in demand – all at a time when ongoing requirements to decarbonize economies are gathering pace. We look at potential scenarios for the future, analyzing the impact on different...

Chemicals: The old normal or the new normal?

Given its central position to the global economy, the chemical sector has felt the full force of COVID-19, though some players have suffered more than others. We analyze who the winners and losers currently are, and focus on the steps that all chemical companies need to take now to seize future...

Pharma: Strategic realignment for a better future

Amid the search for effective COVID-19 treatments and vaccines, the pandemic will have long-term side effects for the global pharmaceutical industry. As our article explains, companies will need to focus on change in three areas (portfolio reprioritization, accelerated R&D and technology...

The Company of Tomorrow

The COVID-19 crisis hit the world as this edition of Prism was in preparation. Needless to say, the outlook for business, at least in the short term, has changed radically in just a few weeks. Nevertheless, it’s becoming increasingly clear that one effect of the crisis has been acceleration of...

How to enable the company of tomorrow

Businesses have traditionally organized themselves to ensure optimal effectiveness in each of their business functions. However, shorter product lifecycles, demand for customization, rising consumer expectations, and the growth of automation and data challenge this model. This article explains how...
Strategy

The laboratory of the future

Industrial research and development has been transformed by factors such as globalization, specialization and open innovation. To meet growing challenges, R&D needs to change again to create the laboratory of the future, which will focus on putting people at the heart of innovation. We explore...
Technology & innovation management

Turning customers into subscribers – How to successfully make the shift

What customers expect from manufacturing businesses is changing, moving away from outright purchase- to subscription-based models. This offers opportunities and risks for traditional players, providing them with access to greater customer insight, but also lowering barriers for competitors. Based...
Marketing & sales

Unleashing innovation using low code/no code – The age of the citizen developer

As the saying goes,“software is eating the world,” forcing companies to change their business models and operations. In a highly competitive environment, ensuring they have the required software capabilities is a challenge. This article shows how adopting low-code/no-code techniques enables...
Digital problem solving, Information management

Realizing the potential of the Internet of Things with 5G

Despite the hype, the Internet of Things (IoT) has yet to deliver its promised benefits to industrial companies. The advent of 5G removes many of the technical barriers to its successful adoption, accelerating digitalization. However, as this article explains, realizing the potential of the IoT...
Strategy

Blockchain in transport – Awaiting the breakthrough

Blockchain seems the perfect solution for the complex, decentralized supply chains of the transport sector, but results to date have been disappointing. In this article, we analyze the latest global research with industry executives and use the findings to determine what needs to happen for the...
Strategy