The Basic materials sector can employ several strategies to improve its ROIC. First, it can focus on cost reduction and efficiency improvements in its operations. This can be achieved through process optimization, automation, and the use of advanced technologies. Second, the sector can explore new markets or expand its product portfolio to increase its revenue. Third, it can manage its capital more effectively, for example, by reducing unnecessary investments or optimizing its asset utilization. Lastly, the sector can also consider strategic partnerships or mergers and acquisitions to gain competitive advantages and improve its profitability.
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