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Five key challenges for specialty chemical Posted - 2021-04-19 04:01:39

Infiniti research recently released a report on the main obstacles facing specialty chemical companies, highlighting the major challenges in the industry and explaining how they affect the performance of specialty chemical companies. Infiniti said that although the global specialty chemicals market continues to expand, declining profitability and intensified market competition are affecting the performance of specialty chemicals companies. The major challenges facing Specialty Chemical Companies

Chemical manufacturer is reviewing Posted - 2021-04-13 02:02:36

1. The storage requirements of chemical companies are very complex. In the case of hazardous chemicals, caution and adherence to safety guidelines are necessary. Chemical manufacturer needs to optimize their warehouse operations to maintain the profitability of their plants while offering competitive prices in the fierce competition. 2. A perfect chemical warehouse management system ensures that everything in the industry runs in the best way. Common warehouse activities may include arranging inventory,

More and more chemical companies are Posted - 2021-04-08 06:11:53

A industry analyst told Sinopec update that the market value of chemical companies could increase by $4.4 billion with the right combination of digital technology, but the industry is still lagging behind other industries. "The lifeblood of any effective digital strategy is data, ironically, that the chemical industry has collected a lot of data over the past few years, but the chemical industry is not as advanced as some other industries," said ojas wadivkar, managing director of Accenture and

What are the opportunities and risks Posted - 2021-04-07 02:20:12

For most chemical companies, vigilance is rapidly becoming a key theme, especially as we enter a new decade full of disruptive opportunities and risks. Some of the opportunities and risks include: Through prediction model and machine learning, we can establish new business model and optimize operation Business platform technology is widely adopted to expand industry boundaries and create an ecosystem driven by collaboration, integration and innovation Continuing threats from high cost of capital,

In what ways is the digitization of Posted - 2021-04-02 03:19:35

Address process challenges before realizing industry 4.0 opportunities Some of your business processes, as well as the relevant roles of your contributors, will already be closely linked to creating the best possible customer value, and there may be viable opportunities to make them more productive in your industry 4.0 initiative. Other processes may meet operational requirements, but may not be as clearly linked to customer value creation as they are at each stage. In lean terms, they are wasteful.

Chemistry 4.0 is emerging Posted - 2021-03-31 02:37:42

Over the years, we have been told that digitization will profoundly change the business model of the chemical industry. But has the world of chemistry 4.0 become a reality? Or is it just a fantasy? Or, as some people still think but rarely say, chemistry 4.0 is more of a hype, just like the e-commerce hype about 20 years ago. Once the business cycle deteriorates and companies' willingness to spend money on fancy innovation disappears, it will implode? Chemistry 4.0 is really on the rise, though

Differentiation of competition in chemical Posted - 2021-03-29 05:15:32

Preventive maintenance. Many facilities in the chemical industry are mature and often require more frequent maintenance. Many chemical plant maintenance departments are still in a large extent in the reaction mode. Those who use outdated maintenance processes such as paper work orders or Excel spreadsheets are often the most active. However, some organizations using CMM still use very passive thinking to operate, which can not maximize the value of the system. When we talk about maintaining digital,

Chemical companies should invest in Posted - 2021-03-19 04:56:34

According to a study by Accenture, 55% of chemical companies that invest in digitalization increase their profits by 5-20%, while about 25% increase their profits by more than 20%. The current industry trend has increased the demand of chemical enterprises for supply chain digitization Commercialization: the increasing commercialization of chemicals has become a challenge for American chemical companies. Cheap raw materials and low transportation costs have led to the influx of essential chemicals

Digital technology is changing the Posted - 2021-03-16 02:50:51

According to a new Deloitte study, "chemical innovation - choose to create long-term value", digital technology is rapidly changing the basis of competition and the speed and manner of chemical supplier research and development. The report explores how new materials informatics startups - combining material science with computer science - explore open digital platforms and advanced digital technologies, such as artificial intelligence and machine learning, to accelerate and expand new products and

Maximize the value of used car trading Posted - 2021-03-15 14:30:45

Used car trading is Achilles' heel in the process of car purchase, because it is difficult for dealers to give you the full value of used cars. However, understanding how to trade in and how to collect preferential information will help you maximize the value of trade in and get a better overall deal. When you discount an old car, the value of the old car is deducted from the price of the new car. In order to get the highest price, you have to know that you can negotiate the trade in value and the

What is the definition of a chemical Posted - 2021-03-12 02:23:33

The term "chemical dealer" or "raw material dealer" has many different interpretations in the global chemical industry. In the world list of chemical dealers, the term is defined by companies that meet the following criteria: Ownership of the chemicals and ingredients they sell Chemical, ingredient and raw material distributors and traders are companies that have ownership of the chemical substances or ingredients and / or cause the products to enter the market. Distributors usually sell and distribute

2 Strategies for Chemical Companies Posted - 2021-03-10 03:01:38

These findings show that chemical companies do have the opportunity to improve profit margins and sales. But to achieve this, we need to have a deeper understanding of the different needs of customers in different industries. To make progress in this regard, they should consider two key actions: Committed to data driven: chemical companies have a considerable amount of customer data, which comes from a series of activities, including delivery information, complaints and sales quotations. But they

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