Tackling with New Supply Chain Challenges of the Chemicals Industry

Customer Objective:
Client was facing high cost pressures due to intensifying competition and commoditization in the chemicals industry. Client needed new supply chain management solutions to meet the changing customer needs vis-à-vis pre- and post-sales services to stay ahead of the competition amid globaldemand shifts and market consolidation trends in the chemicals industry.

Solution:
The global chemicals industry has been growing by leaps and bounds, and with increasing competition in the market, stakeholders are making a move towards adopting newer strategies to sync with the changing trends. As there is a significant rise in complex consumer demands, ChemView Consulting suggested the client to take up technology-driven supply chain management solutions to fix the basics with falling behind the competition. We proposed an innovative supply chain management strategy which included

 Improvements in the transparency and structure of supply chain

 Building new merger & acquisition strategies with the ultimate focus on strengthening the supply chain

 Differentiating supply chain services from competitors, while competing on price levels

 Bolstering digitalization with advent of Industry 4.0 to reduce cost and improve performance in supply chains

 Introducing premium services with the use of the Information Technology for process integration, in order to sync with their custom needs

 Identifying the client’s products that do not incur significant sales with the ultimate focus on mitigating non-profitable complexities in supply chain

 Automating processes related to supply chain with a technology, which can quickly respond to the changes in the logistics and supply chain trends