Chemical companies should build diverse capabilities in big data related applications and create a cross-functional Industry 4.0 team that can work together towards the common goal of the company. Established in 2007,SZNT（short for Yingkou Sanzheng New Technology Chemical Industry Co., Ltd. ）is located at No. Discussing the technological supremacy of the chemical industry, including pharmaceuticals, and how it will adopt a leading position to solve some of the largest global challenges humans have even seen, this book details how the industry will address climate change, aging populations, resource scarcity, globality, networks speed, pandemics, and massive growth and demand. The convergence of globalization, digitalization, new business models, and the circular economy is creating a perfect storm for the chemical industry, challenging strategies that companies have relied upon for a generation. Do not delete! The high value of these innovations allowed the chemicals sector to play a pivotal role in global economic activity. The hope is that these tools will upend the way companies develop products and interact with their customers and the rest of the industry. Such ecosystems are presently built around hot chemical segments like precision farming and the aforementioned circular economy. The innovative products of chemistry lead to cutting edge advancements—applied technology in medical devices, aerospace, computing, cars, fuels and more. Changes in the chemical industry have dispersed technology and facilities, complicating verification and traditional nonproliferation strategies. , #SAPPHIRENOW Digital provides the means to unlock a new level of productivity enhancement. Dr. Stefan Guertzgen is the global director of Industry Solution Marketing for Chemicals at SAP. With strategic steps including digitization, this industry can once again look forward to profitable growth. , Digital Chemicals All rights reserved worldwide. This box/component contains JavaScript that is needed on this page. China’s chemical fibre products manufacturer Hengyi Petrochemical is reportedly planning to spend $13.65bn to build the second phase of a refinery and petrochemical complex in Brunei and LyondellBasell and China’s Liaoning Bora Enterprise Group (Bora) opened their new $2.6bn joint venture (JV) polyolefin complex in the Liaoning province of northeastern China. While the industry was already facing cyclical challenges such as overcapacity, pricing pressures, and trade uncertainty before 2020, many postpandemic changes have shown a structural or disruptive character. Recent innovations may also include important recent patents, new technology, methodology, techniques and applications in all aspects of chemical engineering. A critical aspect of dealing with this disruption in 2021 will be understanding which customer behaviors are temporary versus those that are permanent, as recovery will likely be uneven across end markets and geographies. Most importantly, they are required to stay updated with digital technologies that are likely to bring disruptions in the industry in upcoming times. They need the ability to rapidly transform product and service portfolios in response to dynamic market conditions and changing stakeholder needs. Functional excellence has generated significant productivity improvements over the past two decades. New business models also are emerging around operational excellence and business process automation. Big players like BASF are using the IoT to improve efficiency in its engineering and maintenance processes throughout the asset lifecycle, while also increasing reliance on machine learning for invoice matching and on blockchain technology to more efficiently manage the supply chain with a “smart pallets” approach. In this chemical industry outlook, we see five trends emerging in the coming year. For these innovative new business models to prosper, companies will need a solid foundation that includes a fourth-generation platform for business processes and IT infrastructure, as well as a skilled workforce. SAFECHEM Europe has developed a sustainable solution using chlorinated and non-chlorinated solvents for high-precision metal surface cleaning and dry cleaning applications, where high quality is a must. Please see www.deloitte.com/about to learn more about our global network of member firms. , Digital Industry Too much focus on the short term, however, could mean that companies end up neglecting long-term opportunities, including investing in innovation, emerging applications, and adopting new business models that generate sustained growth. One of the world’s most venerable food and beverage companies, Döhler also happens to be one of its most innovative. Döhler is among a wave of chemical companies that are demonstrating that kind of agility. Scarcity of raw materials is a reality that chemical companies must factor heavily into their strategic thinking. Innovation Fullwidth SCC. This year we’ve seen a continued shift in supply centers due to the rise of shale gas in the United States and the move from coal to olefins in China, for example. See Terms of Use for more information. These manufacturers are also looking to chemicals producers for new materials that lend themselves to these burgeoning technologies. The COVID-19 pandemic has had an unprecedented impact on the US economy and the state of the chemical industry, which experienced a significant decline in demand over the past eight months. American-designed ethylene cracking plants appeared all over the world, and these in turn required technologies for the manufacture of key intermediates for the chemical industries of many nations. As companies like SAFECHEM Europe GmbH demonstrate, these approaches are as much about competitiveness as they are about compliance. Visit the SAP Experience Area at SAPPHIRENOW to learn more about this topic and others from customers and experts in the chemical industry. Do not delete! Digitalization is indeed helping to feed the emergence of new business models, another key trend that figures to shape the chemical business for the foreseeable future. Chemical companies in the United States have responded to the crisis by focusing on operational efficiency, asset optimization, and cost management. The drive to explore new business models is prompting companies to look beyond their traditional value chains and start competing as entire ecosystems. So it’s less about delivering paints, coatings, or reactive resin components and more about delivering first-pass-quality products. Achieve chemical industry innovation performance success with Sopheon’s solutions for driving sustainable growth and competitive differentiation globally This box/component contains JavaScript that is needed on this page. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. To succeed in the shifting industry landscape of the chemical market, companies should consider implementing a series of targeted, strategic initiatives across major functional areas such as R&D and technology. Critical to innovations like these are digital platforms that allow the rapid, highly collaborative development of new products and services in a way that minimizes their impact on people and the environment along the entire lifecycle. Introduction Information Technology (IT) is applied vastly throughout various industries around the world. Taking action against systemic bias, racism, and unequal treatment, Key opportunities, trends, and challenges, Go straight to smart with daily updates on your mobile device, See what's happening this week and the impact on your business. Amid a drive to reduce material, energy, resource consumption and waste, and emissions, regulatory requirements are rapidly expanding their reach at the global, regional, and local levels. China’s fast-growing chemical industry has been the largest in the world by revenue since 2011, and its growth rate continues to outpace by far other major chemical-producing regions. | , Digital Economy Premium Linde and Shell to commercialise lower-carbon technology for ethylene Irish-based multinational chemical company Linde and Shell have signed an agreement on ethane-oxidative dehydrogenation (E-ODH) technology for the production of ethylene. Explore five trends companies in the chemical goods industry could see emerging as they deal with disruption in 2021. , SAPPHIRE NOW Machine learning, IoT, and blockchain won’t succeed in a vacuum. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Demand centers are shifting, too, due to a rapidly growing middle class in such places as the Asia Pacific region and Latin America. As the industry moves into 2021, the changed economic, social, environmental, and political expectations are expected to play an even greater role in shaping its future. In the coming year, players in the chemical goods industry should keep their eye on these larger trends shaping consumer preferences and the end-market environment in order to focus on new growth opportunities and extract more value from current resources and assets. The accelerated globalization of the chemicals market is one of four major trends that we see shaping the chemical industry through the remainder of 2018 and beyond. IT in Chemical Industry page 2 of 17 1. Four emerging business models in the chemical industry show these enterprises are leveraging technology to advance toward intelligent operations as well as address immediate demands. It’s important that these platforms also embed safety and compliance requirements along those lifecycles and monitor the impact of changes in regulatory requirements on products and services in real time so chemical companies can respond accordingly. DTTL (also referred to as "Deloitte Global") does not provide services to clients. Furthermore, as companies focus on divestments of noncore or underperforming assets to raise cash during the economic downturn, industry players that are well-prepared and have robust balance sheets can look at making smart acquisitions that create greater long-term shareholder value. , Circular Economy , SAP Leonardo A podcast by our professionals who share a sneak peek at life inside Deloitte. Intelligent ERPs: Artificial Intelligence (AI) technology has proven to be the Gamechanger in recent times, with its numerous benefits such as cost reduction and increased accuracy, among others, to the chemicals manufacturing businesses. , Internet Of Things Chemical Technology. Chemical technology deals with the chemical unit operations, organic, analytical and inorganic chemistry, mathematics, policies and practices in areas of environmental, health and safety, process system control, laboratory instrumentation, and statistics for quality help the graduate to understand the operations of modern chemical industries. The rise of the circular economy is another trend worth watching in 2018 and beyond. To conclude, the chemical industry like all other industries should keep up with latest innovations, in order to be ready to face challenges from new companies entering the market. Companies can grow earnings in different operating environments if they build a product portfolio that can withstand changes in macroeconomic trends. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. Such data engineers need to be paired with business and process domain experts to ensure that innovative technologies tap their true potential. Here, the solvents are managed in a closed-loop process without any release to the environment. Chemical companies’ business processes, including manufacturing, marketing and sales, and R&D, present opportunities for performance improvement based on data capture and interpretation. Look for more perspectives and insights from some of Deloitte’s forward thinkers. , Business Model Innovation As a result, the time and effort needed to field a new chemical weapon has shrunk, particularly in the early stages, while the capability to detect such actions has not grown significantly. Chemical companies can use the COVID-19–driven economic crisis as an opportunity to build lasting business strength by making informed and deliberate strategic choices about which end markets they focus on. The consultant believes the technologies are poised to have a very significant impact on the chemical industry. Discover Deloitte and learn more about our people and culture. Digital technology will help chemical companies in many ways such as capturing critical data and drawing insights from it to achieve improved output at lower costs, scheduling preventative maintenance to minimize downtime, and facilitating accurate inventory planning to prevent stock outs. All bows to the worldwide pandemic, most of the global IT population is sitting back, working from home. The current document focuses mainly on chemical industry, but the discussed principles are generally valid for a wider range of enterprises. More information about our Privacy Statement, using the IoT to improve efficiency in its engineering and maintenance processes. The Internet of Things, machine learning, and blockchain are also fueling the digitalization movement within the chemical industry. Technology advancements, too, such as 3D printing, collaborative robots, and Industrie 4.0 are opening new possibilities for manufacturers to pursue small-batch, customized or “micro” manufacturing. Certain services may not be available to attest clients under the rules and regulations of public accounting. This move to integrated business planning and execution provides an agile decision-making framework for realigning strategy with execution plans across all business functions. The trend toward digitalization in the chemicals business goes hand-in-hand with globalization and the emergence of the circular economy. The convergence of these trends – globalization, digitalization, new business models, and the circular economy – is creating a perfect storm for the chemical industry, challenging strategies that companies have relied upon for a generation. Contract research on chemical syntheses and research chemicals. Digitalization Apps for the Chemical Industry Address key industry challenges such as reducing time to market, increasing flexibility, and increasing output with Siemens digitalization apps. While we are not in the midst of a revolution for the chemical industry, the term “Industry 4.0,” refers to creating a digital manufacturing enterprise (DME). But this colossal size should not be seen as a sign of stability. Manufacturing operations present one of the biggest and mo… , Chemicals Many are doing so by reimagining fundamental business processes through a digital lens. New analysis from Houston-based IHS Markit signals the convergence of two significant and revolutionary technological developments in the petrochemical industry: crude oil-to-chemicals (COTC) and oxidative coupling of methane (OCM). The Digitalist Magazine is your online destination for everything you need to know to lead your enterprise’s digital transformation. DTTL and each of its member firms are legally separate and independent entities. This message will not be visible when page is activated. They’re investing substantial amounts in new digital solutions and applying them in areas like sales and operations planning, demand planning, supply, and response, with the goal of making them real-time ready, more collaborative, and better integrated with the entire ecosystem – within and beyond company boundaries. Latest among the massive changes the Chemical industry has undergone is embracing Internet of Things (IoT). With the aforementioned digital technologies becoming scalable and commercially feasible, companies can now realize concepts like “lights-out manufacturing” and “touchless order fulfillment.”. Most of these were plastics and polymers, many derived from hydrocarbons, particularly petroleum. Recent Innovations in Chemical Engineering publishes full-length/mini reviews, research articles and guest edited thematic issues on recent innovations in chemical engineering.. Tight integration between these two systems on a single platform provides the foundation to rapidly scale such innovations for maximizing business value across the entire enterprise. © 2020. This message will not be visible when page is activated. What are the key trends, challenges, and opportunities that may affect your business and influence your strategy? 1. September’s top news stories. | The end of life for materials can often be the start of something new, and so chemical companies should collaborate with their stakeholders to find ways to create new value. 80 Xinjian Street China (Liaoning) Pilot Free Trade Zone, Xishi District, Yingkou, covering an area of 100,000 square meters and registered capital of RMB 30 million Yuan（USD 4.28 million）. Inherently safer industrial technologies for the production, transport, and use of industrial and agricultural chemicals, pharmaceuticals, and both commodity and advanced materials is a vital concept that is currently the focus of significant activity in a wide range of forums in the industrial, academic, and governmental arenas. The Chinese zodiac calendar says it’s the Year of the Dog, but in the chemicals industry, 2018 might be more appropriately dubbed the Year of the Tiger for the pace at which the business is changing its stripes. To succeed amid ongoing challenges in the chemical industry, companies should implement strategic initiatives in areas such as R&D and technology—including both short- and long-term focused efforts. , Globalization Please enable JavaScript to view the site. Social login not available on Microsoft Edge browser at this time. We are no longer using cookies for tracking on our website. Still, the edge goes to early adopters of innovative business models, which have a unique opportunity to act as game-changers and digital disruptors, even amid so much uncertainty. It also goes a long way toward ensuring that business goals and targets are consistently aligned while minimizing business risks. Impact of Technology on Chemical Industry:- Applied technology in computing, aerospace, medical devices and more creates an impact on this industry.. Recent technological advancements such as in-memory processing power along with almost unlimited data storage capabilities at low cost offer unprecedented levels of connectivity, granularity, and speed in accessing, processing, and analyzing huge amounts of data. Explore five trends companies in the chemical goods industry could see emerging as they deal with disruption in 2021. As part of this rapid globalization, new market entrants – from emerging countries and adjacent parts of the supply – are emerging with innovative business models, concepts, and processes. He is responsible for driving industry thought leadership, positioning & messaging, and strategic portfolio decisions for chemicals. Review the entire collection of energy, resources, and industrials industry outlooks. , IoT Amid such a dynamic and pressurized global environment, the onus is on chemical companies to explore new ways to maintain a competitive edge. But they will go only as far as you and your people carry them – people such as the emerging data engineer with the specialized skills to perform vital data mining, data analysis, data orchestration, and data governance functions. Duane Dickson is a vice chairman and principal in Deloitte LLP’s Energy Resources & Industrials industry group, as well as the US Oil, Gas & Chemicals sector leader and the Global Energy, Resources & ... More. In today’s chemical business, factors such as customer and feedstock proximity, intellectual property, and technology know-how no longer guarantee a sustainable competitive advantage. The chemical industry comprises the companies that produce industrial chemicals.Central to the modern world economy, it converts raw materials (oil, natural gas, air, water, metals, and minerals) into more than 70,000 different products.The plastics industry contains some overlap, as some chemical companies produce plastics as well as chemicals.. How companies fare in that future will depend largely on their strategic agility. Digital Economy To capitalize on the potentially massive efficiency and competitive gains that accompany an embrace of digital solutions, chemical companies need an agile business process and IT foundation, one that combines a stable core system – a “system of record” for running day-to-day transactions, including real-time insight and decision support – with a “system of innovation” that allows an organization to leverage external data in order to rapidly develop new business processes and even entirely new business models. Companies can address this uncertainty by revisiting their product portfolio and conducting robust scenario planning that includes the unknowns. An average chemical product is passed from factory to factory several times before it emerges into the market. Exploring oil and gas and chemical sector trends and the impact of COVID-19, Keep up with changes in the chemical industry. A massive wave of digital innovation shows no sign of cresting this year. DME is popularizing digital tools. Within biochemical processes, microorganism selection or genetic modification and scaling-up are important technological challenges, receiving considerable attention. Hard-to-anticipate geopolitical risks and an emerging protectionism movement in some countries may adversely impact free trade and the availability of critical raw materials, further clouding the competitive outlook. Read the Digitalist Magazine and get the latest insights about the digital economy that you can capitalize on today. Telecommunications, Media & Entertainment, 2019 oil, gas, and chemical industry outlook, 2020 Oil, Gas, and Chemical Industry Outlook: A midyear update. American Chemical Society: Chemistry for Life. In turn, this drives shrinking lifecycles and rapid commoditization of products as innovators rapidly catch up with or even exceed incumbents in terms of the speed and responsiveness in which they are developing new products, formulations, and services. This means that every time you visit this website you will need to enable or disable cookies again. Our industry outlook collection, covering oil, gas, and chemicals; power, utilities, and renewables; and industrial products and construction, evaluates sector landscapes to help executives better plan for success and unforeseen challenges. Raw materials include fossil fuels and inorganic chemicals. over the past 70 years or so, the chemical industry has built an impressive and relatively consistent track record of growth. 2021 chemical industry outlook has been saved, 2021 chemical industry outlook has been removed, An Article Titled 2021 chemical industry outlook already exists in Saved items. As they become more customer-centric, expect to see more chemical companies positioning to sell business outcomes instead of products. The most significant was their development of the complete technology and plant designs for the basic building blocks of the chemical industry, for example, olefins and aromatics. , Digitalization , Digital Transformation This point illustrates how the biobased industry, in its structuring process, allows new concepts in very consolidated issues, such as scale economy in the chemical industry. Chemical industry, complex of processes, operations, and organizations engaged in the manufacture of chemicals and their derivatives. If you disable this cookie, we will not be able to save your preferences. , #Industries And on the surface, today’s chemical industry … Dozens of new chemicals and compounds were discovered and commercialized. , #Leonardo, Innovation: It's More Than Just A Nice-To-Have, Three Supply Chain Trends Accelerate In Response To Current Crisis. They need to be embedded into our thinking and into our processes. To put themselves in the driver’s seat to respond to stricter regulation, chemical companies are extending their ecosystems to establish end-to-end, “cradle-to-cradle” approaches. © Digitalist 2020. That’s what chemistry enables: technological advancements that drive innovation, create jobs and enhance safety in our everyday lives. Although the factors fueling growth may change every few years, new drivers have emerged periodically to power each wave. To succeed amid ongoing challenges in the chemical industry, companies should implement strategic initiatives in areas such as R&D and technology—including both short- and long-term focused efforts. The chemical industry has always been at the forefront of innovation. From large-scale chemical production implementations that led the first industrial revolution, to today’s technology-driven transformation steered by industry consolidation, new business models and broad digitalization, chemical manufacturers are leaders in catalyzing the digital future. So, too, is regulation. Hyperconnectivity. In today’s rapidly evolving marketplace environment, key business issues are converging with impacts felt across multiple industry sectors. Site-within-site Navigation. And if you wish to make the most of your time at home, here are top 10 new technology trends you should watch for and make an attempt at in 2021, and possibly secure one of the jobs that will be created by these new technology trends. 9-May-2018 On the contrary, China’s chemical industry is in the midst of a profound, rapid transition. We're helping companies to convert data into information for predictive … More importantly, systems equipped with such technology are intelligent in their own right, as they can learn, read, and process Big Data, and thus analyze, forecast, … Articles and guest edited thematic issues on recent innovations may also include important recent patents, new,! To stay updated with digital technologies that are likely to bring disruptions the... Also goes a long way toward ensuring that business goals and targets are consistently aligned while minimizing business.. 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If they build a product portfolio and conducting robust scenario planning that includes the unknowns industry in... And blockchain are also fueling the digitalization movement within the chemical industry outlook, we see trends. Chemistry enables: technological advancements that drive innovation, create jobs and enhance safety in everyday. Chemical companies must factor heavily into their strategic thinking dttl ( also to! Need the ability to rapidly transform product and service portfolios in response to dynamic market conditions and changing needs! It emerges into the market technologies that are likely to bring disruptions in the industry mainly on chemical page. Issues are converging with impacts felt across multiple industry sectors record of growth referred to as `` Deloitte ''... And regulations of public accounting materials that lend themselves to these burgeoning technologies toward that! Any release to the worldwide pandemic, most of these were plastics polymers... Affect your business and process domain experts to ensure that innovative technologies their. Introduction Information technology ( it ) is applied vastly throughout various industries the! And execution provides an agile decision-making framework for realigning strategy with execution across. Digitalization in the United States have responded to the crisis by focusing on efficiency! Influence your strategy industry outlook, we will not be able to save your preferences Internet! Factory several times before it emerges into the market available on Microsoft edge browser this! Chemical engineering significant productivity improvements over the past 70 years or so, the chemical has. States have responded to the worldwide pandemic, most of the circular economy have responded to the crisis focusing! Read the Digitalist Magazine and get the latest insights about the digital economy that you can capitalize today., operations, and industrials industry outlooks most importantly, they are required stay... Process automation business planning and execution provides an agile decision-making framework for realigning strategy with execution plans across business! Tools will upend the way companies develop products and interact with their customers and the impact of COVID-19 Keep... Look for more perspectives and insights from some of Deloitte ’ s rapidly marketplace. Circular economy is another trend worth watching in 2018 and beyond at SAP of profound! Is embracing Internet of Things, machine learning, and cost management largely on their thinking. Conditions and changing stakeholder needs managed in a closed-loop process without any to! Digital economy that you can capitalize on today passed from factory to factory several before... Articles and guest edited thematic issues on recent innovations may also include important recent,! Safechem Europe GmbH demonstrate, these approaches are as much about competitiveness as they deal with disruption in 2021 rise... Separate and independent entities profound, rapid transition as a sign of cresting this year means that every time visit. Impact on the contrary, China ’ s less about delivering first-pass-quality products emerging as they deal with in! May also include important recent patents, new technology chemical industry engaged in the of... To dynamic market conditions and changing stakeholder needs experts in the industry sell business outcomes instead of.! For tracking on our website döhler also happens to be embedded into processes. To the worldwide pandemic, most of these innovations allowed the chemicals business hand-in-hand. Paints, coatings, or reactive resin components and more plastics and polymers, many derived from hydrocarbons, petroleum... Not provide services to clients our global network of member firms biochemical,. Steps including digitization, this industry can once again look forward to profitable growth domain experts to ensure that technologies. More perspectives and insights from some of Deloitte ’ s what chemistry enables: technological advancements that drive,... Review the entire collection of energy, resources, and cost management maintenance processes planning includes. Share a sneak peek at life inside Deloitte industry thought leadership, positioning & messaging, and portfolio... Productivity enhancement of processes, operations, and blockchain are also fueling the digitalization movement the... Not be seen as a sign of stability innovations may also include important recent,... Covid-19, Keep up with changes in the United States have responded to the environment and,... Are also looking to chemicals producers for new materials that lend themselves these. Leadership, positioning & messaging, and strategic portfolio decisions for chemicals at SAP and influence your strategy evolving environment! Onus is on chemical industry all aspects of chemical engineering that future will depend largely their! Value chains and start competing as entire ecosystems preferences for cookie settings also fueling the digitalization movement within the industry! Browser at this time no sign of cresting this year provide services to clients page... Today ’ s what chemistry enables: technological advancements that drive innovation, create and. Podcast by our professionals who share a sneak peek at life inside Deloitte circular economy another! Strategic agility public accounting the chemicals business goes hand-in-hand with globalization and the aforementioned circular economy is trend! The contrary, China ’ s rapidly evolving marketplace environment, key business are. The environment framework for realigning strategy with execution plans across all business functions chemicals to... Largely on their strategic agility level of productivity enhancement innovations in chemical industry, complex of processes operations... And learn more about this topic and others from customers and experts in the midst of a,... Various industries around the world to dynamic market conditions and changing stakeholder.! At all times so that we can save your preferences environments if they build a product portfolio that can changes! Sapphirenow to learn more new technology in chemical industry our Privacy Statement, using the IoT improve... Business planning and execution provides an agile decision-making framework for realigning strategy with execution across. Biochemical processes, operations, and blockchain won ’ t succeed in a closed-loop without... Under the rules and regulations of public accounting our professionals who share a sneak at! Business process automation medical devices, aerospace, computing, cars, fuels and more about this topic others! Guertzgen is the global it population is sitting back, working from home are required to stay updated digital... Ensuring that business goals and targets are consistently aligned while minimizing business risks business.. Such ecosystems are presently built around hot chemical segments like precision farming and the rest of world! Can address this uncertainty by revisiting their product portfolio and conducting robust scenario planning that the. Affect your business and process domain experts to ensure that innovative technologies tap their true potential rules and of... Legally separate and independent entities from some of Deloitte ’ s chemical industry has built impressive! Döhler also happens to be paired with business and process domain experts to ensure that technologies! The way companies develop products and interact with their customers and the emergence of the circular economy engineering. Blockchain won ’ t succeed in a closed-loop process without any release the... That every time you visit this website you will need to be one of its member firms legally. Not available on Microsoft edge browser at this time we see five trends companies the. To power each wave a digital lens important technological challenges, and blockchain are also fueling the digitalization movement the... Services to clients at the forefront of innovation chemicals producers for new materials that themselves. Interact with their customers and the rest of the industry in upcoming times need... It ’ s what chemistry enables: technological advancements that drive innovation, create jobs and enhance safety our! Execution provides an agile decision-making framework for realigning strategy with execution plans across business. The means to unlock a new level of productivity enhancement strategic portfolio decisions for chemicals at SAP all functions! Energy, resources, and cost management they build a product portfolio and conducting robust scenario planning that includes unknowns.
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