Strategy and Outlook for the Global Chemicals Industry in 2025: In Conversation with Priyank Shah

In a rapidly evolving post-pandemic landscape, stability and growth in the supply chain and chemical industries are top priorities for 2025. In this interview, Priyank Shah, Former Global Business Leader – Renewables and Oil & Gas for a market leading coatings manufacturer, shares his expert insights into building resilience through strategic sourcing, fostering strong partnerships, and investing in high-growth regions like Asia-Pacific. He also discusses the critical role of embracing digital transformation to enhance supply chain efficiency and the importance of hiring adaptable talent with technical skills and a sustainability mindset. With a focus on innovation and strategic foresight, Priyank offers practical guidance for companies aiming to secure stability and unlock growth in the year ahead.

What are some strategies for establishing stability in 2025, given the recent disruptions in global demand and supply chains?

In my experience, achieving stability in dynamic environments often comes down to building resilience in key areas. One critical focus is on developing robust sourcing strategies and cultivating strong partnerships. These efforts are essential for navigating cost fluctuations effectively, ensuring that operations remain both agile and cost-efficient.

Equally important is prioritising strong customer relationships. By staying attuned to customer needs and being adaptable to shifts in demand, I’ve found that it’s possible to provide more tailored support, which not only enhances customer satisfaction but also strengthens overall business stability.

Another game-changer has been the adoption of digital solutions, particularly in supply & demand forecasting and management. Leveraging technology in these areas has consistently proven its value by enabling better decision-making, streamlining processes, and fostering a more proactive approach to potential disruptions. Together, these strategies form a foundation for resilience, helping organisation stay steady even in challenging circumstances.

What growth strategies do you see emerging in the market for 2025?

When it comes to driving growth, differentiation is key, especially as markets continue to evolve and customer expectations shift. One strategy that has proven successful is focusing on specialised product lines, particularly those tailored to meet emerging renewable and sustainable standards. By leveraging standardised datasets to enhance transparency and compliance, these products are well-positioned to capture demand in a rapidly changing landscape.

Expanding footprints in high-growth regions, especially across Asia-Pacific, has also opened significant opportunities. The industrial demand in these markets is robust, making them a natural fit for investment and expansion. However, success in these regions often hinges on collaborating with local partners and regulators. These partnerships not only facilitate smoother market entry by navigating regulatory complexities but also help establish a brand presence that resonates with local audiences. By aligning with regional priorities and building strong relationships, it becomes possible to drive meaningful and sustained growth in these high-potential areas.

How can hiring help companies achieve both stability and growth goals?

Hiring the right talent plays a pivotal role in driving both stability and growth within an organisation. For stability, it’s crucial to bring in individuals who excel at navigating uncertainty and have a strong understanding of their local regulatory and competitive landscapes. These qualities enable teams to remain agile and responsive, even in challenging circumstances, helping to safeguard the business against potential disruptions.

On the growth side, talent with key competencies – such as digital expertise, a sustainability-focused mindset, or advanced technical skills – can be a gamechanger. These individuals not only bring fresh perspectives but also provide the momentum needed to capitalise on emerging opportunities and drive innovation.

From my experience, building teams that combine a growth mindset, adaptability, and niche expertise creates a powerful dynamic. This blend of qualities fosters both steady performance and the ability to seize new opportunities. When a team can operate with resilience while embracing forward-thinking strategies, it lays the groundwork for sustainable growth and long-term success.

If you would like to discuss any of the topics raised in this piece or if you need support with your leadership resourcing strategy, please get in touch with Matt Harman on: matt.harman@beaumontbailey.com.