How Chemical Companies Benefit from the Experience Economy

February 10, 2020 | 429 views

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.

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Imporquímica SA

Imporquímica is a leading technical chemicals distribution firm based in Lisbon. As a research-focused chemical company, Imporquímica discovers, develops and provides innovative products and services that deliver significant benefits to all of our clients in Portugal, Angola, Brazil, Cape Verde, and Mozambique.

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Chemical Technology

Boom in petrochemicals demand guaranteed but we must grow sustainably

Article | July 20, 2022

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Chemical Technology

IoT in Chemical market trends you Can’t miss in 2020: Here’s What Will Happen in the near future?

Article | July 20, 2022

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Chemical Technology

Energy portfolio restructuring: Charting the future

Article | June 6, 2022

Consumer needs and preferences in the energy industry are evolving. Environmental, social and governance (ESG) concerns are becoming more acute—inspiring action and shifting value towards low-carbon solutions. These trends accelerated in 2020 and for the first time, market capitalization of leading low-carbon solutions companies began to overtake those of oil and gas (O&G) majors. This is despite the majors laying out energy transition strategies, setting low carbon energy targets and generating higher revenues by an order of magnitude.1 In response to this radically changing landscape, energy companies are charting divergent courses for their futures. Some continue to bet on their ability to generate returns from the O&G value chain. They are focusing on growing margins and lowering carbon intensity. Others are supplementing their capabilities with low-carbon energy solutions or exiting hydrocarbons altogether. This blog focuses on the path forward for the energy majors in Europe who are betting big on diversification.

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Chemical Management

Petrochemical buyers, after a very difficult pandemic, can gain from China-driven deflation

Article | May 6, 2021

BUYERS OF polypropylene (PP) and other polymers and petrochemicals have had an incredibly difficult pandemic. Firstly, the converters and brand owners expected doom and gloom last March. At the time it seemed logical to expect a cratering of demand as the global economy pretty much imploded. Just looking at forecasts for GDP, parallels were drawn with the Global Financial Crisis when collapses in growth led to a cratering of polymers demand. The US is a good example where PP demand declined by 12% in 2008 over 2007. Demand then fell by a further 5% in 2009 over 2008.But what we all missed was the complete dislocation of polymers and petrochemicals demand from GDP. As economies registered historic declines, consumption went up. PP demand went through the roof, firstly for food packaging and hygiene applications.Then consumption for the durable goods made from PP also smashed through the rafters as we bought white goods (PP is used to make components of washing machines), consumer electronics (PP is used to make some electronic components) and carpets (PP fibres are used here).

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Spotlight

Imporquímica SA

Imporquímica is a leading technical chemicals distribution firm based in Lisbon. As a research-focused chemical company, Imporquímica discovers, develops and provides innovative products and services that deliver significant benefits to all of our clients in Portugal, Angola, Brazil, Cape Verde, and Mozambique.

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