
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.
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.
BASF has created ZoomLab, a virtual formulation prediction and optimization tool, to help address the challenges of drug product development.
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.
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.
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.
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.
“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 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.
As digital transformation ensues to disrupt, transform and re-shape industries – the imperative to change for process industries is clear and very present.
Growing complexity, with a strong focus on digitalization and connectivity as megatrends for the whole industry, dictates the business world.
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.
Times are changing, and we are changing in them. An old saying that goes back to Ovid - but still true today. The business world has become more VUCA (volatile, uncertain, complex, ambiguous) than ever.