Chemical Companies Deliver Outstanding Customer Experiences Through Digital Transformation

KIM CUSTEAU | January 15, 2018

article image
At Schneider Electric Software’s Innovation Summit in October, representatives from industry-leading chemical manufacturer BASF delivered a keynote presentation addressing their digital transformation goals. It really gave me an opportunity to see just how large an impact digital transformation is making in modern industrial applications and how it’s helping companies large and small cut costs, improve productivity and decrease operational risks to the enterprise. In today’s chemical industry margins are increasingly thin and competition grows fiercer by the day.

Spotlight

Redox Pty Ltd

Redox markets a range of close to 1,000 different organic and inorganic raw materials, sourced from leading manufacturers throughout the world. Our products are supplied to 140 different industries throughout Australia, New Zealand, Malaysia and the United States. Whatever your chemical raw material or ingredient need, Redox can help.

OTHER ARTICLES

How Chemical Companies Benefit from the Experience Economy

Article | February 10, 2020

To feel or experience from a business engagement started with customer experience mainly in the consumer products business. Today it has extended to even knowledge industries like the chemical industry where experiencing or feeling can be leveraged to include all stake holders from customers primarily to employees to supply chain people & suppliers and all else. With digital technologies this has become easier than before. The benefits from promoting the ‘feel’ or ‘experience’ emotion could be multifarious for the chemical industry as described in this article.

Read More

What the Coronavirus could mean for the global petrochemical industry?

Article | March 10, 2020

Coronavirus (covid-19) has developed rapidly and is already impacting significant parts of the global economy. Within this context the petrochemical industry is also being severely affected through short-term market uncertainties, pricing volatility and declining consumption in many of its key segments. The most visible outcome is emanating from China where economic activity has declined sharply in February and is forecast to remain low over the next few months. The effect of China’s economic slowdown is now resulting in consequences in other regions – “when china sneezes, the whole world catches a cold”.

Read More

The supply-chain inflation threat to petrochemicals demand

Article | May 9, 2021

Petrochemicals themselves remain in short supply. This is partly because of reduced feedstock from refineries, a consequence of the pandemic-related collapse in transportation fuels demand.Global petrochemical supply is still edging back to something like normal following the US winter storms in February, during which most US capacity was shut down. A point of discussion is whether containers will become available in the right places at the right prices to relieve tightness in the European polyethylene (PE) market, once US supply has normalised. The container issue is making it difficult to move PE and polypropylene (PP) cargoes from Asia to Europe.Market intelligence from the US-based ICIS CDI team indicates that enough container freight space will be available to resume significant shipments of US PE to Europe, albeit at high prices. It will be several more weeks before domestic pipelines have been refilled, enabling US producers to refocus on exports, added CDI.

Read More

Organic Oil Recovery improves productivity of existing reservoirs

Article | May 10, 2021

MAY 2021 ///Vol 242 No. 5 FEATURES Organic Oil Recovery improves productivity of existing reservoirs A transitional technology producing excellent results in extracting hard-to-reach oil is attracting the attention of many large operators. Ancient, resident microbes are used to liberate large oil deposits in depleted reservoirs, thanks to science uncovered by studying the humble Australian koala. Roger Findlay, Organic Oil Recovery It began in almost outlandish fashion, with a scientist’s fascination with the complex digestive system of an Australian marsupial, the koala. Today, it has evolved into a green technology that is helping major producers around the world potentially reach billions of dollars of oil that they feared they could never access or bring to the surface. As the pressure on the oil and gas industry continues to grow, to find new ways to operate with less impact on the environment, Organic Oil Recovery (OOR) is reducing the need for further exploration. Instead, it is helping producers focus on the reservoirs already in situ to extract even more precious resource—at very low cost—from deep below the ground or seas, across a myriad of jurisdictions and geographies.

Read More

Spotlight

Redox Pty Ltd

Redox markets a range of close to 1,000 different organic and inorganic raw materials, sourced from leading manufacturers throughout the world. Our products are supplied to 140 different industries throughout Australia, New Zealand, Malaysia and the United States. Whatever your chemical raw material or ingredient need, Redox can help.

Events