To capitalize on growing demand, chemicals companies are modernizing planning, development, and production – and finding new ways to differentiate.
Extreme weather, geopolitics, and changing regulations are impacting chemical supply chains. Companies are using new tools to better anticipate disruption, simulate contingency plans, and mitigate risk.
Rising costs of energy and raw materials – combined with resource scarcity, demand fluctuations, and supply chain disruption – are creating high market and price volatility in the chemicals industry.
Chemicals customers have shifted from buying products to buying outcomes. For example, instead of a pesticide, they seek the promise of an abundant crop. Leaders are working as an ecosystem to deliver.
Chemicals producers play a key role in mitigating climate change, and investors are taking note. Commitments to net-zero emissions, the circular economy, and enabling their customer to reach their sustainability goals are center stage.
Chemical manufacturers are under pressure to adopt advanced technology like AI and the Internet of Things (IoT) to co-innovate, better anticipate demand, and drive safety, efficiency, and agility.
Making strategic decisions based on sustainability-related data helps you reduce your environmental footprint. You can establish a unified approach to sustainability risk assessment and manage operational risk and compliance by using standardized, workflow-enabled processes to record incidents and trigger investigations.
Enabling digital twins and IoT connectivity of assets allows you to continuously monitor asset health, process quality, through-put, workers safety, waste, and emissions. By combining asset information with predictive analytics, you can predict the likelihood of asset failures, plan maintenance, and adjust production plans accordingly.
Getting deep market insights enables proactive development of innovative products that exceed customer expectations. You can increase your margins by offering value-added services to improve customer loyalty and satisfaction.
Achieving real-time data visibility through interdependent SAP Digital Supply Chain solutions helps transform supply chain planning and execution. You can establish automated and standardized planning processes, collaborate through business networks, and react faster to ever-changing downstream demand and supply disruptions to remain resilient.