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HORIZON SCANNING The Investment Litmus Test Chemicals Industry
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An orderly method Here we use the SATERPLIDE acronym to prompt the scan for future events and their consequences. The segments are: Social (See Maslows’s Hierarchy of Human Needs) Approach (First response to an issue) Technology (Applying our innovation to reliable approaches) Economic (The benefits in productivity from technology) Resources (Human and Natural, required and consumed) Political (Ownership rights of tribes to resources) Legal (Administration of political resolutions) International (Resolution of international differences) Demographic (Population shift to better circumstances) Environment (Built by Humans and by Nature, our impact) 2
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An orderly method Note that there is a series of cause-and- effect relationships going around the circle. This discovery technique ensures thorough scanning in our due diligence process. 3
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SOCIAL Segment Maslow’s Hierarchy of Human Needs Creativity Respect Acceptance Comfort Survival If your life is at risk, you may compromise on the items above survival A roof over your head Observing local customs What do you know? Problem Solving 4
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Human Need: High quality chemicals as ingredients for our products 5 Hydrocarbons are basic ingredients in short supply in most parts of the world, onshore and offshore.
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APPROACH Segment What to do if your human needs are being frustrated? NEEDAPPROACH SurvivalFlee, Fight, ComfortBuild, Adapt AcceptanceJoin, Communicate RespectLearn, Teach CreativityDesign, Invent Perhaps avoid burning hydrocarbons for energy 6
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TECHNOLOGY Segment How to make a successful approach re-useable & reliable? Research into chemicals for medical purposes may help change the priorities away from energy generation. 7
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ECONOMIC Segment How does the technology improve the quality of life? 8 Research into medicinal use of chemicals may improve life expectancy
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RESOURCES Segment What are the human and natural resources required to sustain the economic activity? – Hydrocarbons & Internet to start with 9
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POLITICAL Segment The chemicals industry supply chains have political intersections between the regulators and suppliers of the various resources. 10 Chemical warfare is an important current issue.
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LEGAL Segment Chemical manufacturers require detailed regulation for their success. Occupational health and safety issues are important. 11 Many chemicals are inflamable.
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INTERNATIONAL Segment How are differences between international systems resolved? 12
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DEMOGRAPHIC Segment What is the impact of economic success of chemicals manufacturing on population mix and location? In the case of China, the chemicals industry has supported development activities of all kinds. These have resulted in migration towards the east coast. 13
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ENVIRONMENT Segment What is the impact of economic success of chemicals on the natural and the built infrastructure? It seems that chemicals, particularly from hydrocarbons, may be a significant polluter. 14
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15 Next steps: Identify the future event labels
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