Manufacturers did not display agility when global competition disrupted supply chains. Of the top 20 global chemical companies in 1990, 17 had disappeared by 2010. Dow survived by being able to pivot on a global scale.
State-owned enterprises have a different business model – to employ people. They receive subsidized capital, labor, and energy. If they commoditize faster than you innovate, you die. In today’s manufacturing environment, you must innovate faster than they commoditize.
Now there is the merger/split with DuPont…Dow continues to pivot to compete globally!
Where does your company need to pivot globally?
