The session which took place on 3 March addressed the topic ‘Leveraging technology post crisis: The compass to guide new growth’, attracting senior industry leaders from 19 GPCA member companies
On 3 March GPCA hosted its fourth Members Dialogue session on the topic ‘Leveraging technology post crisis: The compass to guide new growth’. The session hosted 32 industry leaders, including 9 CEOs and 13 c-suite executives from 19 member companies, registering record attendance for the series.
Participants had the opportunity to exchange knowledge with one another about the opportunities and challenges related to technology and digitalization prior and during COVID, and learn about SABIC’s digitalization journey led by Murhaf AlMadani, VP Corporate Digitalization program, (SABIC), who was a speaker at the members event.
The session was organized in collaboration with Boston Consulting Group (BCG) under the theme ‘Leading in the New Reality’. It was facilitated by Mirko Rubeis, MD and Partner, Boston Consulting Group (BCG) and moderated by Hasan Alkabeer, Partner, Boston Consulting Group (BCG).
The session started with opening remarks by Dr. Abdulwahab Al-Sadoun, Secretary General, GPCA, who welcomed attendees and highlighted the Arabian Gulf’s chemical industry’s position in the global digital leadership map.
He remarked: “Prior to the COVID-19 pandemic, the GCC chemical industry’s digitalization score was higher compared with the overall score of the region, although the sector was still considered a ‘digital follower’ on a global scale. What this means is that companies were mostly implementing proven technologies and digital models, which still lead to incremental benefits.”
“Today we have a fantastic opportunity to innovate and truly excel in our digital transformation journey,” he added, emphasizing on the role of collaboration and innovation.
The session enjoyed great engagement from the session participants, underscoring the value of this important topic for GPCA members in the region, and explored critical questions, such as:
- What are the areas (along the value chain) with the highest value potential from digital?
- What will happen to chemical companies not sufficiently investing in digital?
- What are the key challenges you face in pursuing the digital journey?
- What role will digital play in helping to address other emerging long-term priorities of the chemical industry, e.g., sustainability, shifting demand pockets, etc., and how?
The GPCA Member Dialogue is a series of sessions designed to build insight and understanding on how to lead in the new reality ‘Post COVID ‘ with a focus on tangible recommendations and next steps that leaders and CEOs can bring to their business. To learn more, visit this page.