Four ways of applying artificial intelligence and machine learning in chemical industry In the application of tools and technologies for artificial intelligence and machine learning, each chemical manufacturer has its own blueprint to follow, but in the chemical industry, some broader areas may be common. Let’s look at these four aspects 01. Data processing and […]
For manufacturing, the challenge is not new. However, the cowid-19 pandemic has dealt an incredible blow to manufacturers, especially those specializing in food, beverage and chemicals. Food processors are preparing for a new normal. The problems facing food and beverage manufacturers are similar to those that the industry has been solving for years, but in […]
After a period of silence, the chemical industry is slowly and steadily recovering its charm. After being at the wrong end of the global economic crisis, this highly cyclical industry is finally struggling in difficult waters. In 2018, driven by the U.S. market, the global chemical industry is expected to usher in a good start. […]
PwC’s 2016 Global CEO survey came to an interesting but inconsistent conclusion. In the survey, 72% of the CEOs of chemical companies said there were more growth opportunities now than three years ago. Their optimism is well founded. Changes in technology, regulations and consumer preferences in developed and emerging markets are opening up new prospects […]
How should multinational chemical manufacturer reposition themselves The major changes that are taking place in China’s economy may help multinational chemical manufacturer as they try to enter China’s specialty chemicals market in new ways – especially if they can learn from past mistakes. As China’s economy becomes more consumption driven and environmental standards become stricter, […]
Digital technology subverts the old way of working, but it also reveals opportunities for improvement. Chemical manufacturer can obtain value by digitizing the whole value chain. Three major trends are reshaping the operation mode of chemical manufacturers: great progress in technology and innovation, rapid changes in customer demand, and rising costs and productivity. Of course, […]
For the chemical industry, R & D is a big business – more than $51 billion is invested in R & D every year, and two-thirds of CEOs pursue new products and services to drive revenue. Given the high cost of development, company leaders need to be strategic in new product development, because the nature […]
Kearney’s view on the merger and acquisition of chemical enterprises in the future Based on the recent changes and some long-term changes of M & A, as well as the economic situation and prospects, we predict six major trends of chemical environment: The overall competition is fierce, for a limited number of attractive targets to […]
Houston (ICIS) – chemical companies face five challenges this year that affect their growth, sales and profits, Simon kucher & partners, a consulting firm, said in a report on Tuesday. The German based international consultancy said the challenges came from volatility, innovation, online portals, customer relations and M & A. Volatility and pricing The consultants […]
