Is the Chemical Industry Ready for the Future?
Many chemical executives say their companies have made significant progress in their digitalization efforts in the last two years – and they are even more excited about it now.
Digitalization
Planning for the Unexpected
Dorothee Arns, Director General of FECC, discusses current challenges, market trends and her vision for the chemical distribution industry in Europe. The interview was conducted by Michael Reubold and Ralf Kempf.
The Time Has Come
For many years, fine and specialty chemicals markets were on a robust growth path.
The Upswing of the Superstars
For its annual report "Value Creation in Chemicals 2021 – Ten Years of Steady Growth – and a Few Superstars," the strategy consultancy Boston Consulting Group examined the performance of leading international chemical companies from 2011 to 2020. The long-term perspective shows that the industry has mastered serious market downturns with astonishing confidence.
The Transition to Digitalization in the Pharmaceutical Industry
ISPE and its members are developing the roadmap to introduce Industry 4.0, also called the Smart Factory, at the pharmaceutical industry as Pharma 4.0 – an operating model that is interconnected, meaning that the digital tools allow for a fully connected network to enable direct communication between all levels in an organization.
The Future of Biopharma
Porsche Consulting presents a vision of a high-end smart biopharmaceutical production unit and a corresponding operating model.
Working with Data Instead of Documents
Cloud-based web applications offer substantial benefits for the digital transformation of the chemical industry.
A Roadmap for Pharma 4.0
Industry experts Josef Trapl, Wolfgang Winter, Christian Woelbeling, and Thomas Zimmer – all members of ISPE’s Pharma 4.0 group – talk about the idea behind ISPE’s Pharma 4.0 initiative and the challenges on the way to realize the digital transformation of the pharmaceutical industry.
Virtual Construction Planning and 4D Construction Modeling
Within a $32 million project to upgrade a drug production plant, Bentley Systems Synchro 4D digitalized the construction monitoring to reduce project delivery time.
Taking an Active Role in the Industry Transformation
Fernando J. Gómez, head of the Chemical and Advanced Materials Industry at the World Economic Forum (WEF), discusses the chemical-industry-related topics that are high on the WEF’s agenda.
Sustainable Supply Chain Management in the Chemical Industry
Besides digitalization, sustainability and the circular economy are the key issues facing the chemical industry at present and in the coming decades.
The IIoT Needs You and Me
The IIoT continues to evolve, with countless solutions touting end-to-end process automation. However, one of the most important elements of IIoT — the human element — has taken a back burner in this hype cycle.
Connected Work
We are in an increasingly volatile global climate, from health and economic crises, to trade wars on multiple fronts, to political unease, to name just a few.
A Virtual Formulation Assistant
BASF has created ZoomLab, a virtual formulation prediction and optimization tool, to help address the challenges of drug product development.
Chemical Industry on the Edge of a Disruptive Digital Revolution
While the focus of digitization in Europe and North America is on process efficiency and costs, the focus in Asia-Pacific is on market and customer access.
Accelerated Drug Discovery
In January, Schrödinger, a provider of integrated software solutions, and the life sciences company Bayer announced a 5-year technology alliance to develop a comprehensive de novo design solution to accelerate the discovery of innovative, high-quality drugs.
Webinar Series on the Digital Transformation in the Process Industry
The pressure to reduce costs and to improve production efficiency is increasing during the corona crisis. Digitalization offers corresponding levers here, but the mid-sized process industry in particular is not yet able to implement them profitably.
Changing Customer Needs in the Supply Chain
As customers engage in more multi-channel interactions, having a deep understanding of these journeys is an essential component for the customer service function, and for ensuring excellence in the overall customer experience.
Chemical Distribution 4.0
“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.
Chemondis: B2B Online Marketplace for Chemicals
Chemondis is the B2B online marketplace for the chemical industry, connecting buyers and suppliers and helping them to benefit from the digitalization of both sales and purchasing processes, including research, negotiations and more.
Yokogawa Introduces “Profit-driven Operation”
As digital transformation ensues to disrupt, transform and re-shape industries – the imperative to change for process industries is clear and very present.
