Chemicals

There is no such thing as "business as usual" in the chemical industry. Closely linked to almost every sector of the global economy, its market environment is highly dynamic and complex. To achieve and maintain a top position here, several skills are necessary. First and foremost, it is necessary to achieve permanent performance improvements with commitment and know-how. For example, when product life cycles are shortened and made more profitable without compromising on quality criteria. 

Another critical success factor is the ability to react quickly to changes in costs and the availability of raw materials. In order to successfully implement their production goals, European manufacturers must always keep an eye on regulatory requirements and energy/commodity cost disadvantages compared to China and the USA. Solutions should therefore identify potentials in the value chains and use them to increase productivity in the long term. 

The digitalisation of the chemical industry plays a central role here. Whether with paperless production, the use of artificial intelligence (AI) or in the monitoring and documentation of safety and quality - a wealth of technologies and methods are available for the development of intelligent value chains. 

At the same time, companies in the chemical industry must arm themselves against increasing commoditisation and seasonal influences. Helpful in these cases are solutions that, for example, strengthen innovative capacity, expand M&A activities or adopt a stronger orientation towards the specialty chemicals segment.