DIGITAL STRATEGIES FOR THE CHEMICAL INDUSTRY
Comparing to other Industries, now in Chemical Industry there are remarkable success,
delivering better value to Stakeholders especially shareholders. In between 2000 and 2016
the Industry delivered a 9.1% annual increase in total return to shareholders (TRS) commodity
and specialty chemical companies posted TRS gains (10.9% and 11.5% respectively) Digital
technologies are affording new business opportunities that hitherto did not exist.
Digital technology opens the way for new products and services. At its most basic, the rise of
digital technologies creates demand for associated chemicals, such as ultra-pure chemicals
used in electronics production, battery chemicals, and ABS or PLA filaments,1 which are used
in 3-D printing. Successful transformations start by examining how digital is changing
customer needs, the value chain and competitive offers. Companies should assess their own
digital initiatives (current and planned) and identify their capability gaps, their readiness for
change, and the execution risks.
Digital strategies, such as online sales, can serve as an important extension of traditional sales
channels, especially for commoditized business wherein products are brought and sold on well
established, mutually agreed technical specifications (that specify purity, impurity profile
The sophisticated methodical engines to mine data and unearth insights can expand business
and improve margins. Data analysis can be used to more precisely target marketing initiatives,
analyze role of market influencers, adjust prices on a dynamic basis taking into account Plant
utilization, storage levels, real time customer demand etc. Digital strategy can embrace the
ability to get quick quotes, monitor equipment remotely, manage inventories at customers and
offer preventive maintenance over the web. In business, enhanced customer satisfaction is
the Key to sustainable development of goals. Introducing and expanding digital sales channels,
increasing automation and digitizing end-to-end processes in commercial operations will help
chemical companies to increase their growth and profitability.
To maintain competitiveness, businesses must ensure that their organization is ready to meet
new digital challenges to respond to customer needs, and where possible, define the future of
FOUNDER'S DAY CELEBRATION & TEAM DINNER HELD ON 1ST FEBRUARY 2017
AT 'PRAKASH HOUSE" , GORWA , VADODARA
AWARD DISTRIBUTION â 1
ST RUNNER-UP - AHMEDABAD TEAM &
ND RUNNER-UP - VADODARA TEAN
EXCELLENCY AWARD IN PROPER IMPLEMENTATION OF SYSTEM OPERATION
GIVEN TO MR. BHAVIN DESAI
MARKET UPDATES - CHEMICALS
The pharmaceutical industry has asked the Government to bring in more clarity in terms of Tax
structure and provide incentives on Research & Development(R & D) as part of its budget wishlist.
Specialty Chemicals constitute a significant part of the Indian Chemical Industry and find use across
a wide multitude of end use segments. The growth for specialty chemicals is driven by both
domestic consumption and exports. Specialty chemicals finding application across consumer, industrial
and infrastructure segments are driven by the overall growth of the Indian Economy
The digital transformation of the chemical industry offers exciting new potential to
visionary companies. Companies can use their data to create safer, smarter, and more efficient
processes. And that will allow them to move forward in a responsible manner thatâs good for the
The chemical industry can play a major role in making India a global manufacturing hub. Realising this
potential, the Government has already included the chemical industry amongst the key sectors under
its âMake in Indiaâ initiative. The outlook for the Indian chemical industry is positive over the long
term, considering government announcing a number of measures to improve competitiveness in the
ONGC Petro Additions (OPAL), has commissioned its mega petrochemical complex at Dahej, India and
started production at some of the units, the company has announced. The multi-billion dollar project
was expected to start production in 2014 but suffered numerous setbacks and cost escalations. OPAL
is currently operating the polypropylene (PP) unit at 50% of capacity but plans to ramp up production in
about four months to its design 340,000 metric tons/year capacity
Alkali Manufacturers Association of India (AMAI) is organizing an International Conference &
Exhibition at Vadodara on 7th & 8th March, 2017 aimed at catalyzing development of Vibrant Chloro
ADevelop a Growth Mindset.....
We spend a lot of time and energy at work trying not to fail. However, most people describe their
failures as an important part of learning and growing. Adapt a growth mind-set and accept that failure
is part of the process of Skill Development. People with a growth mind-set fell smart when theyâre
learning, not just when theyâre succeeding. Donât limit yourself to do things that you know you can do- -
you wonât grow that way. Instead, try things that are above your ability and set high goals that you
arenât sure you can reach. You might surprise yourself and succeed, and if you donât, you will learn
TAX YOUR BRAIN - PRIZE WINNING PUZZLES
1) It flies whole day and night but never goes
2) Finger is to hand as Leaf is to _____
3) The word which comes most similar to
4) Which English word retains the same
pronunciation even if we take away 4 words
5) I don't have mouth, I need air, I am not
alive and no lungs but grow water kills me,.
what am I ?
6) It runs for ever but very old, it never moves,
no lungs or throat but still a mighty roaring call.
What is it?
7) What gets bigger if we take something out of
8) It always goes down only and never goes up.
9) It goes up and down but not moving
10) It always flies without wings