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Chemicals are a €2 trillion global enterprise. The sector’s international character makes it intrinsically sensitive to the effects of globalization. Rising oil and energy prices, changing legislation, widespread consolidation, health and environmental restrictions, low cost competition and the scarcity of natural resources are just some of the challenges that leaders of chemical companies face. They need to focus on developing sustainability within a sector that feeds a society largely dependent on fossil fuels. And all the while, customers demand ever-greater levels of service and more competitive pricing.
The pursuit for more competitive pricing has further contributed to the globalization of the sector. For example, the 170 major chemical companies in the US operate with more than 2,800 facilities outside the US and 1,700 foreign subsidiaries or affiliates. As a result, chemical executives must fully engage in understanding and managing the impact of their company’s global aspirations on society and on its employees working in remote locations.
To add to those pressures, the number of chemistry graduates in the US and Europe is decreasing while the workforce is aging. Less than 4% of process operators are under 25 years of age, while 23% are over 50 years.
Borderless is committed to assisting the chemical industry in its pursuit to attract highly skilled senior-level talent. By offering executives ample opportunity for growth and preparing them for exciting careers worldwide, the sector promises to successfully navigate today’s challenges and come out a leader.
Borderless Executive Search is a specialist in the chemical sector, as well as related process and converting industries. We find talented senior executives worldwide, mirroring the borderless needs of our transnational clients.
Contact us to find out what we can do for you.
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