The digitalization of the chemical distribution industry seems to be a big step for a sector which is both mature and conservative. But, as Neville Prior, president of the European Association of Chemical Distributors (FECC) writes in his feature on page 14: “the chemical distribution market is ready for this digital age and [the sector] is increasingly looking to digital technologies as a way to better access customers.”
FECC has chosen the theme “Chemical Distribution 4.0” for their Annual Congress 2017, to be held in Warsaw, Poland, in mid-June. Thus, we have asked experts to share with our readers their opinions on the impact of digitalization on the chemical value and supply chain.
Dr. Frank Jenner, Global Chemical Industry Leader with Ernst & Young, explains that “digitalization makes it possible to put the customer in the focus of all business activities.”
Dr. Wolfgang Falter, Global Chemicals & Specialty Materials Sector Leader with Deloitte, predicts that “digitalization […] will accelerate the separation between well-run and differentiated chemical distribution winners and less well-run losers.”
And David Strauss, Director Customer Solutions at E2open, provides “five tips that are important to remember as digitalization sweeps through the chemical industry.”
We wanted to know from spokespersons of leading chemical distribution companies, which risks and which chances for their organization could arise out of the digital transformation of the industry and how they are preparing for the digital age. Their answers may reflect different strategies, but one thing holds good for all: focus on the chances and try to live up to the challenges. Because as one of the interviewees put it: “Digitalization is both a blessing and a curse.”
Find out yourself if the chemical distribution market - as FECC president Neville Prior claims - is ready for this digital age. Read here excerpts of what the company leaders have told us. You will find the complete statements here.
most read
Circular Solutions
The path to a sustainable, net-zero future for the chemical industry is paved with challenges – and also opportunities.
Making Waves
Global water scarcity is now urgent due to climate change, population growth, and unsustainable practices. 700 million people could be displaced by 2030, warns UNICEF, especially in water-intensive industries like personal care, textiles, food production, and paint.
The Future of Demand for Chemicals
The chemical industry is shifting to sustainability-related products, with demand growing 4.5 times faster than conventional ones. Companies must revise their market strategies to capitalize on this opportunity.
Substances of Concern
The EU Chemicals Strategy for Sustainability (CSS) highlights the shift to a hazard-centric approach in EU chemical regulation, emphasizing 'Substance of Concern' over risk-based measures.
From Data Silos to a Digital Future
Chemical producers in Germany are grappling with rising costs, high energy prices, global competition, and an impending knowledge gap due to demographic shifts. Kuraray, a global leader in specialty chemicals, is addressing these challenges with a comprehensive digitalization strategy.