
Pharma Outlook 2025
The environment for pharma in 2025 is diverse and challenging: New treatment options are being brought to market in ever shorter cycles.
The environment for pharma in 2025 is diverse and challenging: New treatment options are being brought to market in ever shorter cycles.
In its latest European Chemicals Pulse Check, Deloitte surveyed senior executives in the European chemical industry and industry associations about their views on current market challenges, trends and opportunities.
Artificial intelligence (AI) has become one of the supporting pillars for digitalization in many areas of the business world. The pharmaceutical industry and its GxP-regulated areas also want to use AI in a beneficial way, but only a small fraction of companies follows a systematic approach for the digitalization of their operations and validation. However, the assurance of integrity and quality of outputs via computerized system validation is essential for applications in GxP environments.
Olefins and polyolefins giant Ineos is switching auditors after a breakdown in communication between long-term partner PriceWaterhouseCoopers (PwC), which has audited the chemical group since its 1998 creation, and Ineos chairman and controlling 60% shareholder Jim Ratcliffe.
“68% of chemicals worth $76 billion will be sold online within the next five years.” This was the message from leading market research institutes and consultants in 2000, at the start of the new millennium.
Since their invention after the World War II, plastics started to grow faster than any other standard material.
The traditional business model of chemical distributors is currently fundamentally challenged on one side by digitally enabled activities from principals, logistics providers, customers, start-ups, larger chemical distributors or combinations of smaller players, who try their own online channels, and on the other side by general e-retailers like Alibaba or Amazon, who explore to enter also into chemical & material categories.
Global competition in the chemical market has been intensifying the past decade.
Digitalization in chemicals and chemical distribution is the monetarization of data to significantly cut costs („Operational Excellence“) and to capture additional profitable growth areas (“New Business Models”).
Industry 4.0 sparks intensive discussions within the chemical industry. The question is whether this is really new or just a fancy label for some well-known practices.
The Chemical Logistics Vision 2020 Report predicts higher transport volume concentration around chemical clusters and longer, more complex supply chains by the year 2020.