Global chemical companies will increase R & D investment and attach importance to personnel training

PwC said recently that the global chemical industry will increase investment in research and development in the next three years, and attach importance to talent reserve and training PwC recently surveyed 1198 industry leaders around the world, including 46 CEOs of chemical companies According to the survey results, 65% of the CEOs of the chemical companies surveyed said they planned to increase R & D investment in the next three years, which is second only to the entertainment and media industry (74%) Among them, 30% of the CEOs of the chemical companies surveyed said they planned to significantly increase R & D investment; 83% of the CEOs of the chemical companies said they planned to increase investment in leadership and talent training PwC said that in the global M & a business, the number of chemical companies engaged in cross-border M & A transactions was significantly higher than other industrial sectors According to the survey results, 33% of the chemical companies surveyed have completed at least one M & a transaction in the past 12 months, and 46% of the chemical companies plan to conduct such M & A transactions in the next year Most of the cross-border M & A transactions will take place in Asia Over the next year, 84% of chemical companies said they would conduct more M & A transactions in Asia, while only 52% of their CEOs predicted more M & A transactions in North America With R & D and M & a spending likely to increase, costs in other areas could be cut Of the chemical companies surveyed, 87% said they would take various measures to cut costs in the next three years.