Agility in The Chemical Industry Through Data Analytics
“Being agile is particularly difficult for chemical companies given the breadth and scope of their target markets. Specifically, the challenge lies in the application of their products and that the industry is usually at least one step removed from the ultimate consumer. Thus, chemical companies must be agile on many fronts to be successful. This requires a thorough understanding of the dynamics associated with the value chains for each major product/application/market combination they serve – no small feat given the complexity associated with a single value chain in today’s reality! If attained, this level of insight will not only ensure that chemical companies are providing the appropriate level of resources to support these target segments but that they are focused on the right ones to begin with.”
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