Supply Chain Transformation In The Chemical Industry

This document focuses on the imperative for supply chain transformation within the chemical industry, highlighting that as much as 65% of a barrel’s value can be lost due to inefficient supply chains that struggle to adapt. Over 70% of organizations have experienced at least one supply chain disruption, underscoring the urgent need for change. The paper emphasizes that the next generation of supply chains will be digitized, leveraging AI and blockchain for managing products, services, and data, and utilizing predictive analytics for decision-making and operational optimization. Despite a 50X increase in supply chain data over five years, less than a quarter is currently analyzed and utilized, indicating a significant opportunity for improvement through digital solutions. Digitizing legacy supply chains is presented not as a radical choice, but a pragmatic one with limited downsides and boundless upsides, promising to reduce working capital by up to 25% and cut costs by an average of 15%. Read this eBook to discover how supply chain solutions can drive excellence and significant cost savings in the chemical industry.