The Chemical Manufacturing Industry has always been a prime
target for regulators. This has forced the industry to engage in greener and
safer technologies and manufacturing of their products. From food chemicals to
new age fuel cells the chemical industry has undergone a huge paradigm shift
towards R&D.
Long gone are the days when companies manufactured a
standard set of products. The industry has been forced to rethink their
strategy towards their customers and markets.
Chemicals alone amounting to over $20 Billion in R&D
investment in 2013 of which the US accounts for over 30%. This has led to
newer, safer products and subsequently a bigger challenge to adopt to newer
manufacturing methods, equipment and systems.
IT transformation is synonymous with this change. The
chemical industry is now outgrowing their conventional systems which have been
largely deployed for qualitative benefits, and are now moving into quantitative
benefits. Optimization of Supply Chain, Order Capture and Mobility are a few of
the areas where the industry stands to gain.
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