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With the average company investment into digital transformation increasing 148% in 2020 your competitors are racing to disrupt your business. Can you afford to be left behind?
The chemical industry might seem light-years ahead, but adapting to disruption in the industry is enough to set off a sector-wide reaction. New challenges - and opportunities - lie on the horizon. Are you ready to take them on?
Mirroring the fundamentals of a technological overhaul, this industry is expected to treat innovation, growth strategies, and boosted efficiency as its core principles for the future. From utilising technology to rethinking chemical plant practices, to reimagining how the business side of the industry is run, this forward-thinking sector is not to be underestimated.
And that’s where we come in.
There are 2 sides to the chemical industry - and rethinking the business side of the sector is essential for the eventual overhaul needed to stay competitive in a disrupted field.
Even outside of the plant, streamlining the workforce within specialty chemical companies and restrategising is central to the technological gains to be made by a business. Identifying the new technology for implementation across the entire business - most importantly the plant as a part of production - is fundamental to its future growth.
The core of this is predictive insights to ensure the efficiency of the plant is in check, and cyber-security that is protective of the industry secrets a business needs to keep close to its chest. Infusing this approach across sales and marketing is also key to your business’ future.
And we can unlock it for you.
Whilst the business-based approaches to digitalisation mirror other industrial transformations, it’s the chemical plant that sets itself apart from others.
Thus, pinpointing technology that will ensure safety, streamlining of specialty chemicals production, and identification of potential issues is key.
Specifically, the tech solutions that can streamline your plant-based business include tapping into the IoT with mobile sensors, wearable technology, and analytics to effectively track the work of your employees. Monitoring the value chain can also be rooted in the automation of non-productive work.
New technology always seek to put people first, with the clientele at the forefront of the changes - but your employees need to be included within this, too.
Director of Technology, Simply Brands
Chemistry is all about change. But these days, change no longer belongs in the science lab. Businesses operating in such a scientific field are often expected to already be harnessing the power and potential of the technological world, but this doesn’t mean one update will keep your business competitive in the market.
You need to be constantly adapting to new contenders in the field via business transformation, and you need to be constantly evolving your business inside-out. From rethinking the strategy keeping the business afloat via innovative business models, to the industrial plant monitoring efficiency and keeping tabs on your employees, an eventual overhaul is now a necessity.
For those with an ear to the ground, this process is also known as a Digital Transformation. A Digital Transformation is the rethinking of how you manage your employees', your clients’ and your business’ data, and how you carry out your business operations. Or, in simple terms, a DT is the technological revamp your business needs to stay competitive.
The specific technology this encompasses includes analytics, the cloud, the Internet of Things, and wearable technologies that allow monitoring across the entire supply chain. Matching this with innovative business models that are open to being re-assessed and re-defined completes the incomplete process.
Simply put, this industry is devoted to dangerous products that seek to perform an exact purpose for a customer’s exact need. And your business needs an exact and expertise-based solution.
CONSIDER YOUR CLIENTS - AND YOUR BUSINESS
Bring together the essentials of digitalising your operations with the need to support customer satisfaction via industry-wide solutions that rethink your entire business.
PUT PEOPLE FIRST
The customer is always right - but they aren’t the only people you need to bear in mind. Your employees need the personalised experience that protects and promotes efficiency.
STRATEGISE YOUR CUSTOMER SERVICE
With our techno know-how under one wing, and analytics and insights under the other, we can provide a personalised experience for your business that can have knock-on effects for your customers.
Your customer’s demands are higher than ever. Constantly changing, your products need to do the same, harnessing data-driven insights to tap into their relevancy for your clientele.
INNOVATE, INNOVATE, INNOVATE
Keep your customers on the edge of their seats with groundbreaking innovation set to put the products they need in front of them and ensure the service they expect is always within grasp.
EXCEL IN CUSTOMER SERVICE
With a mix of technologies determined to pinpoint the relevancy of your products, the power of connectivity is firmly in your grasp, allowing you to deploy marketing strategies that can engage.
DIGITALISE THE PLANT, NOT JUST THE OFFICE
Small steps towards digitalisation might not seem monumental, but the consequential overhaul from the senior partners to the interns is necessary to streamline each facet of the business.
MANAGE RISK THE RIGHT WAY
'Efficiency' might be the buzzword of the industry, but this is not to say it should come at a cost of your workers’ well being. Using technology to detect risk in the workplace and to the business can raise issues at pace, and allow solutions at speed.
STREAMLINE THE SUPPLY CHAIN
It's time to step back and look at the bigger picture: your business is no longer separated into the boardroom and the plant. Consider the complete supply chain and rethink all areas of your business.
+ What is the chemicals sector?
The chemical industry is comprised of companies that produce industrial chemicals by converting raw materials into finished products. A number of industries depend on this sector including polymer and plastics, oil and energy, and the chemical industry itself.
+ Is the chemicals sector growing?
Prior to the Covid-19 pandemic, the chemical sector was on a strong course for growth despite a slowing of economic growth. With consumer demand growing especially in the US, manufacturing sectors were dependent on this industry to fuel their own operations.
+ How has technology changed the chemicals sector?
Similar to the global fight against climate change, operations have been streamlined in terms of energy and raw material production. This has lowered production and elevated efficiency alongside providing close monitoring of field workers and their responsibilities. Data-driven insights have just begun to reinvent the sector.
+ What is the future of the chemicals sector?
A number of digitally-driven alterations to this sector have already been put into practice - but the future of it looks something like this: most chemical companies will be general-purpose production foundation businesses that support a number of different ecosystems. Advanced analytics can help provide this move to a new business model.
+ What are the trends for the chemicals sector?
At the fore of the future of this business is data-driven analytics. Automation is set to streamline large scale processes and wearable technologies dedicated to the field worker provide in-depth technology across the entire supply chain. Trends also include new opportunities in end markets and strategies to overcome slow chemical demand growth.
Taking things technological might be set to create chemicals reactions in this industry, but with Lolly Co at every step of the way, weighing up the changes need be as simple as a science class. In fact, with our tech-team assessing your business’ exact needs and walking you through each step, you don’t need safety goggles, either! But, if you do fancy finding your way around tomorrow’s business technology, you can start with our chemical consulting.
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