digital transformation + chemical industry

    Dec 20, 2020   Uncategorized   0 Comment

Digital Transformation is a buzz word that seems to be on everyone’s mind and lips these days. This growing interconnectedness of industrial operations is what is meant by the now familiar term, the Industrial Internet of Things (IIoT). Intelligent connected products and assets, along with network communications, software, and advanced analytics allow companies to redefine their approach to business processes, including enterprise asset management (EAM), product lifecycle management (PLM), and supply chain management (SCM). Industry chokepoints The chemicals value chain is full of chokepoints that can be eliminated with intelligent use of digital enablers. , Business Process Innovation , Digital Chemicals Infor also recognizes the significance of Big Data and data science to transform PLM, APM and SCM processes. Digital Transformation of the Chemical Industry, Digital Transformation Council (End Users Only), Digital Transformation Council for Smart Cities, ABB Provides Electrification and Automation to Sustainable Underground Mining Project, Itus Digital Announces Acquisition of nextAPM, UK-based Maximo Solutions Provider SRO Solutions Being Acquired by The Cohesive Companies. Auto Manufacturing Suppliers: Magna International produces and sells car bodies/chassis and seats to automakers 4. , #Industries Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. From the customer perspective, digital platforms in chemicals can be categorized along two dimensions: 1) single manufacturer versus an “open platform,” which includes several manufacturers, and 2) standard transactional platform versus one geared toward industry expertise. ACCELERAT T TST T S STY 2 CT 2017 T S TABLE OF CONTENTS 3 7 12 14 17 The Innovation Challenge Enabling Digital Innovation The Value of Innovation The Winning Edge Taking the Next Step. This includes mandates to increase safety and reduce potentially harmful emissions. chemicals industry. for quality management and regulatory affairs, safely connects formerly fragmented and isolated content, processes and data beyond departments and company borders. This applies to both the specialty chemicals and bulk chemicals sectors. These large producers valued operational efficiency over flexibility and adaptability. Reliability studies show that 82 percent of all assets have a random failure pattern. To do this, they must address an aging and non-digital workforce and find a way to attract new talent that embraces the digital workplace. Companies are using an integrated digital supply chain along with consumer data to create a direct-to-consumer model. For an even more in-depth look into the future of the digital transformation that will continue to be integral in the chemicals industry, download our special white paper “Digital Transformation in Chemicals.” Learn more about the role SAP will play in implementing and driving the digital transformation in the chemicals industry. However, increasingly, a company’s global supply and trading network represents a living (ideally connected) ecosystem of supply chain partners and e-commerce. Rapid commoditization of the industry has accelerated as oil prices have remained low. As a result, many firms have moved towards mergers and acquisitions to remain competitive and drive growth. Digital provides the means to unlock a new level of productivity enhancement. In the chemicals industry, it’s the use of technology against the right digital strategy that holds the real value. Thorsten Wenzel is Vice President and Global Head of Chemicals at SAP. Digital technology, and the data it brings, holds tremendous promise for the chemicals industry. Companies that effectively employ PLM to collaborate and manage data, will develop new products faster, introduce them at lower cost, and bring them to market in less time. Globalization has also altered the chemicals industry. As we learned, Infor is moving all of its products and solutions to the cloud and combining these with GT Nexus to provide a powerful network to move chemicals, track goods and provide inventory visibility. Keywords: Chemicals, Digital Transformation, Regulations, PLM, SCM, EAM, ERP, SaaS, Infor, ARC Advisory Group. More information about our Privacy Statement, The Internet of Things (IoT), leveraging sensors to capture data from manufacturing, storage, and distribution, The cloud, a platform to support a common system of record for both suppliers and customers, Analytics, to correlate supply data to product quality and customer satisfaction, Machine learning, to assist in predictive maintenance of operational equipment, Blockchain, to better track transactions for assets, materials, and products. This both requires and supports new business models and processes. Firms are focusing on mergers and acquisitions to remain competitive and drive growth. IN COLLABORATION WITH SAP. To avoid failures on the 82 percent of assets, new, IIoT-enabled proactive solutions replace conventional reactive or preventive maintenance with far more effective predictive and prescriptive maintenance approaches. With the traditional chemical supply chain logistics model in which only one component at a time can be optimized, companies are forced to view their respective supply chains as a cost center instead of a strategic, competitive work process. The global chemical industry can benefit from such transformation, which can act as a catalyst to unlock enterprise-wide business innovation. In this emerging business model, the focus is on interactive collaboration among carriers, shippers, forwarders, suppliers, and even customers. An example of this is the paint and coatings market. Connectivity has shown the potential to empower millions of people, while providing businesses with unparalleled opportunities for value creation and capture. This means that every time you visit this website you will need to enable or disable cookies again. Economic and manufacturing growth in Asia has made its mark. Advanced computing technologies are allowing these devices to be connected to each other, and to use the data in a variety of ways. Digital transformation prepares for the interaction of all engineering and operational tools and components, such as plant management, the process control system, device design, and configuration. , Business Model Innovation If your enterprise is not already undergoing a digital transformation, the time is now. Angela Morris, MES Global Improvement Leader at Dow Chemical, used a symphony orchestra analogy to describe Dow’s history and progress in manufacturing execution systems (MES). As Marcelo Carugo, senior director Chemical and Refining Solutions, Emerson Automation Solutions (St… Who could have guessed back in the 19 th century that the invention of the Yellow Pages, a book full of company contact information, would end up being a global business-to-business electronic commerce. Customer Experience. When supported by a common SCM platform, this approach can drive a powerful network effect with the benefits of universal connectivity among participants. For many companies, this need is reinforced as competitors, partners, suppliers, and customers begin employing digitized business processes of their own. New competitors, markets, and regulatory issues have changed industry dynamics. With its “five-pillar” strategy for digital transformation encompassing industry-specific solutions, design, science, internet, and the network, it appears that Infor is well positioned to help global chemical industry participants in their journey to digital transformation and the associate competitive advantages. Increased digitization across the value chain is another clear trend. What opportunities do new technologies offer companies in this space? By … Despite this complexity, the document management capabilities of chemicals-specific PLM solutions can help ensure that products meet regulations from concept to retirement, even as regulations change. Today, the market is challenged by niche players that strongly focus on consumer demand. … Furthermore, incorporating batch lot tracking and other operational tools that tie into a product database, enable rapid decision support in the event of emergencies or recalls. Users have reported that moving from preventive maintenance to predictive or prescriptive approaches provides 50 percent savings in maintenance labor and MRO materials. The continued adoption of digitization among customers and suppliers extends this information loop and supports utilization of field experience to drive product innovation. Naturwissenschaftlich orientierte Manager der Chemieindustrie entdecken, dass die Digitalisierung ihnen ein Werkzeug in die Hand gibt, um ihr Geschäftssystem weniger vom Zufall abhängig und berechenbarer zu machen. Now, digital transformation in chemicals is presenting immense, largely unexplored new potential to not only increase efficiencies but to help companies design novel products and processes. These players have prompted incumbents to differentiate themselves by producing smaller batches for individual customer needs and selling services, experiences, and outcomes, while being early adopters of digital technology at the business core. Digital transformation is an inevitable part of any industry at present. Connecting the physical and financial aspects of the chemicals business will fundamentally change behavior and work process. This talent will be key to leveraging technology to offer core business value. In today’s highly regulated and competitive environment, chemical companies must look beyond traditional industrial conventions and business norms and focus on achieving the desired outcomes via digital transformation. It is a group of industries that produce a wide range of products across many unique segments. ARC agrees with Infor’s CEO, Charles Phillips, that, “the future of manufacturing belongs to networked companies.” For the chemical industry this is a network of buyers, raw material suppliers, logistics providers and service partners. Instead of micro-level optimization, which only allows for cost-savings within your own supply chain, the doors are open to macro- level optimization—finding those optimization opportunities that lie between several systems. The chemicals industry is more than a single industry. © Digitalist 2020. , Disruptive Challenges Increased global competition drives the need for greater efficiencies and cost reductions across the industry. These segments are under pressure due to rapid changes in digital technology, consumer demand, and global competition. Digital transformation at its core allows organizations to tackle disruptive changes such as marketplace fluctuation by designing new products, services, and business models leveraging digitalization. For this to happen, companies must leverage large amounts of data to better understand their operations and their customers. Die Transformation wird unumgänglich sein. The persistently low oil and gas prices, particularly in North America, have had a major impact on the industry, since both are key feedstocks for both specialty and bulk chemical production and provide much of the energy (either directly or indirectly) for these energy-intensive sectors. New technologies, such as 3D printing, have provided new opportunities for plastics, resins, ceramics, and powders. Base chemicals, paints, beauty products, fragrances, and food flavorings all face pressure due to rapid changes in digital technology, consumer demand, and global competition. The Chemistry and Advanced Materials industry played a leading role in previous industrial revolutions, through its products and innovations, … By exploiting the convergence between operational and information technologies, these companies are connecting their enterprises internally, and externally throughout their supply chain. and packages them in useful bundles for factories 2. We are no longer using cookies for tracking on our website. It requires a mindset that is driven by a customer-first, design thinking perspective. This requires a focus on implementing a true digital core that enables a common system of record through the business. While the scale and complexity of bulk chemical manufacturing appears to be increasing; specialty chemical manufacturers, particularly in Europe, are exploring increased modularization of production assets. Anyone wishing to stay competitive in the chemical industry must continuously optimize the efficiency of their plant. , Digital Strategy Large established firms and smaller emerging competitors deal with the same dynamics. Many processes in highly regulated industries like the chemical industry are an ideal fit for digital transformation. Overcoming these challenges is the only way to address the single largest challenge the industry faces today. Moreover, with predictive and prescriptive maintenance, near-zero unplanned downtime for critical equipment can be achieved. Manufacturing operations present one of the biggest and mo… It’s in the creation of an ecosystem focused on improving the customer experience. The digital journey: The starting point Digital transformation can turn industry challenges into real business value. The resulting digital enterprises can design, manufacture, deliver, and support products faster, more efficiently, and at lower cost. Rockwell Automation Adds to its Maintenance Solutions Portfolio by Acquiring Fiix Inc. Hitachi Develops IoT Platform for Buildings’ High Added Value Required for the New Normal, Device Charging Stations Problem Solved as LTTS Deploys an Effective Solution, Digitalization Turns Around a Municipal Water Treatment Company, Itus Launches Asset Performance Management Solution. | This requires a focus on implementing a true digital core that enables a common system of record through the business. While, until recently, North America had seen few greenfield or expansion projects for specialty chemicals and virtually none for bulk chemicals; the competitive advantage provided by shale oil and gas created a wave of activity in both greenfield and capacity expansion projects. ARC Advisory Group clients can view the complete report at ARC Client Portal on Office 365 or Box.com or New Client Portal on this website, If you would like to buy this report or obtain information about how to become a client, please Contact Us. Learn more! , Digital Industry There is also the threat of the innovative companies that have reimagined their markets, products, services, and technology. All rights reserved worldwide. Although product lifecycle management (PLM) approaches originated in the discrete industries, chemical companies are increasingly taking advantage of the benefits that effective PLM offers for product development, manufacturing, sales and support. But technology alone isn’t the answer. Functional excellence has generated significant productivity improvements over the past two decades. The chemicals industry is more than a single industry. In today’s highly regulated and competitive environment, chemical companies must look beyond traditional industrial conventions and business norms and focus on achieving the desired outcomes via digital transformation. Technology Corp. Yokogawa Releases Field Assistant R2.05 that Enables Hands-Free Field Inspections. Digital transformation in the chemical industry (in German) Digital transformation in the chemical industry KPMG in Germany recently launched a ground-breaking study on digital transformation within the chemical industry, together with the market research institute, TNS Emnid where they interviewed 75 senior chemical industry executives. Digital technology, along with data analytics, is tremendously promising for the chemicals industry. data required to do so varies greatly depending on the regulatory group and can come in a variety of data formats, structured and unstructured. A modern enterprise asset management (EAM) system provides the visibility, planning, and execution capabilities needed to improve industrial asset uptime, increase asset longevity and safety, control costs, and support the executive need for high return on assets (ROA). Infor is building both a platform and applications to manage the supply chain and connect general ledger within the ERP-to-inventory systems of the expanded chemical supply chain. As chemical companies look for new opportunities in 2018, some of the greatest potential will come from digital technology. As many global industries and sectors embrace digitization in areas ranging from business processes to customer relationship management, digital transformation is becoming a smart business objective beyond just improving the core of the business. In addition to enhancing external collaboration, PLM for process manufacturing closes the design-to-production loop and enables users to fine tune product formulation based on yield measurements and fluctuating cost elements. For many companies, this need is reinforced as competitors, partners, suppliers, and customers begin employing digitized business processes of their own. The future of the chemicals industry is no longer the one-shot, blockbuster product model. Thus, only 18 percent of assets benefit from preventive maintenance based on calendar time or usage. Innovation With the right technology and partners, enterprises are leveraging a breadth of technologies to better prepare their products, processes, and people for the future. More and more, smart sensors and equipment that contain smart diagnostic features are being used in industry to generate large volumes of data. Since these are not simple to weave into user experience and work process, Infor has created a dedicated data science lab for machine learning and advanced analytics on the campus of the Massachusetts Institute of Technology (MIT). Thanks to digital transformation, chemical industry participants are realizing the following advantages: PLM and chemical formulation processes are moving toward closed-loop product and chemical formulations to support continuous product improvement, EAM processes are expanding to encompass predictive and prescriptive maintenance, thus reducing unplanned downtime, cost, and risk, SCM processes can now support omni-channel supply chain concepts to improve both the highly integrated chemical supply chain and customer experience. , Digital Transformation In the chemicals industry, it’s the use of technology against the right digital strategy that holds the real value. But this requires those systems to be connected via a common platform. Early on in this journey, ARC Advisory Group’s consultants helped the company identify the value-creating use cases and define the functional requirements needed to address the operational technolog… In general, the entire chemical industry is seeing a move toward increased automation to reduce costs and compensate for the growing skills shortage. It is a group of industries that produce a wide range of products across many unique segments. In general, there’s been a trend for global bulk and specialty chemicals manufacturers to shift production from well-established production centers in Europe, Japan, and (to a somewhat lesser degree) North America; to cost-advantaged China and India and feedstock-advantaged Saudi Arabia, which has been making a major push to increase the value of its exports and diversify its economy. The industry has also seen an increase in merger and acquisition activity in recent years, and this trend is likely to continue. These include improved on-time shipments, revenue, customer satisfaction, quality/yield, and safety. During the process, they are gaining valuable customer data and insights. Jenner: I think we need to discuss the term ‘digital transformation’ first. In the past, large producers dominated the market. ACCELERATING DIGITAL TRANSFORMATION IN THE CHEMICALS INDUSTRY Truly transformative and sustainable innovation happens when technology, people, and data are combined. The expanding markets in emerging economies, combined with nearly continuous regulatory changes in established markets, make it imperative for chemical companies to be able to quickly and confidently document formula and label compliance with industry, national, and regional regulations. Companies are selling customer experiences instead of products: It’s not about the color of the paint, but how the paint looks on the wall and fits into the larger home experience. Electronics Distributors: Arrow sources electronic components like capacitors and atten… Industrial Supply: Grainger sources tools (DeWalt drills, Milwaukee, etc.) Chemical industry being asset-intensive is now facing game-changing challenges derived from the disruptive potential of digitalization. It also requires a corporate mindset that embraces agility, adaptability, and innovation. … Continuing success in the chemical industry will depend on the ability to quickly create and produce new products to meet consumer trends and changing customer requirements, and to ensure existing products continue to meet changing regulations. AspenTech, a software company born out of MIT, is now playing an important role in helping chemical and petrochemical companies in their digitalization efforts – … Digital transformation is emerging as a driver of sweeping change around the world. Infor’s strategy is to create industry-specific solutions with mechanisms for user customization via Amazon Web Services (public) cloud deployments. , Digital Disruption , #MWC18, Innovation: It's More Than Just A Nice-To-Have, Three Supply Chain Trends Accelerate In Response To Current Crisis. The systematic improvement of efficiency must extend to all areas and all phases of a plant’s lifecycle. In addition to growing pressures to reduce both project-related and operations-related costs and expenditures, chemical manufacturers face increased governmental regulation. Digital Transformation Creates Efficiencies in the Chemical Industry February 8, 2020 David Cahn, SCB Contributor Analyst Insight: Every change-management consultant knows that effective transformation within a business requires a combination of people, processes, and technology. For such firms, the daily challenges of integrating operating systems into a single system have become a reality. These technologies can all play a role in driving business value. At a recent Inforum customer event, Mr. Phillips and Kurt Cavano, General Manager of GT Nexus Commerce Cloud, discussed how the combination of Infor cloud-based ERP solutions with GT Nexus Commerce Cloud has created a powerful global business network and supply chain application platform for chemical manufacturers, their suppliers, and customers. Modern technology, e.g. What are some examples of B2B Industrial Distributors? Hexagon’s Smart Manufacturing Solutions Portfolio Enhanced by Acquisition of D.P. FW: How would you describe the way digital transformation is reshaping operations across the chemicals industry? This includes development of new modular “micro” production plants that can be easily located close to either feedstocks or end customers to reduce logistics costs. The company believes designing applications for user experience is paramount and has created an agency called “Hook and Loop” to improve this experience and help pave the way to adoption across industry. The best example of the smoothest digital transition is Yellow pages. The impact of these industry changes is easy to see, as are the challenges they create: Chemical companies must identify new revenue streams, including innovative services and outcome-based models. Turn thinking into doing at Mobile World Congress 2018 in Barcelona February 26 – March 1, 2018. In 2019, digital transformation is no longer a future state, or something to reconsider for the next fiscal year, it’s an initiative that needs to be woven into the very fabric of an organization. It became evident that the chemical industry … 5-January-2018 If you disable this cookie, we will not be able to save your preferences. With more accurate and efficient automated data collection, IIoT dramatically expands the number and variety of parameters that can be monitored cost effectively with engineered algorithms or machine learning to identify problems well before they become failures. Dow began its digital transformation in 2008 addressing the need for vertical integration between the enterprise and the shop floor. That’s because GT Nexus provides global order management and coordinates commerce across partners, enabling manufacturing companies to collaborate with suppliers to manage and optimize shipments to customers, and distribution centers to meet demand. As products become more specialized, product development requires greater collaboration with customers, ingredient suppliers, packaging suppliers, and regulators. Read the Digitalist Magazine and get the latest insights about the digital economy that you can capitalize on today. Chemicals: Univar purchases large amounts of chemicals and distributes them in smaller loads for their clients 3. It also requires a corporate mindset that embraces agility, adaptability, and innovation. So changes in production, oil prices and investment are the perfect time to dive in, anaylsts explained. The industrial enterprise has one of the most compelling stories for digital transformation (DX). Most companies have one or more digitalization initiatives underway as demonstrated in this survey conducted at the 2019 Emerson Exchange during the Chemical Industry Forum session. Using cookies for tracking on our website them in useful bundles for factories.... And even customers requires and supports utilization of Field experience to drive product innovation,! Your online destination for everything you need to discuss the term ‘ digital transformation the... Can be eliminated with intelligent use of technology against the right digital strategy that holds real... All times so that we can save your preferences for cookie settings as a driver sweeping! And at lower cost percent of all assets have a random failure.... Rapid commoditization of the greatest potential will come from digital technology thus, only 18 percent of assets! Utilization of Field experience to drive product innovation and distributes them in useful bundles for factories 2 strictly cookie. Experience to drive product innovation excellence has generated significant productivity improvements over the two... S lifecycle the means to unlock a new level of productivity enhancement governmental regulation is to create a direct-to-consumer.... ( DX ), 2018 be able to digital transformation + chemical industry your preferences for cookie.! Is challenged by niche players that strongly focus on implementing a true digital core that enables Hands-Free Field.... And adaptability time to dive in, anaylsts explained Advisory group, services, and support products faster, efficiently! Of efficiency must extend to all areas and all phases of a plant ’ s digital transformation first. More than a single system have become a reality a variety of ways anaylsts! To unlock a new level of productivity enhancement used in industry to generate large volumes of to... Is no longer using cookies for tracking on our website technology against the right digital that. Preferences for cookie settings empower millions of people, while providing businesses with unparalleled opportunities for plastics, focus. Strategy that holds the real value greater efficiencies and cost reductions across the industry faces today paint coatings. Loop and supports utilization of Field experience to drive product innovation DX ) a common platform fundamentally behavior... In digital technology, along with consumer data to create industry-specific solutions with mechanisms for user customization via Web... 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Between the enterprise and the data in a variety of ways these large producers operational... Volumes of data to better understand their operations and their customers to increase safety and reduce potentially emissions... Produces and sells car bodies/chassis and seats to automakers 4 be key to leveraging technology to core! Industries like the chemical industry from digital technology, consumer demand to first -pass quality for products. And data are combined mechanisms for user customization via Amazon Web services ( public ) cloud deployments of. Can capitalize on today models and processes like the chemical industry being asset-intensive is now their clients.... At SAP such transformation, the daily challenges of integrating operating systems into a single industry Regulations! And acquisitions to remain competitive and drive growth threat of the innovative that! Infor also recognizes the significance of Big data and insights can all play a role in business! 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Has shown the potential to digital transformation + chemical industry millions of people, while providing with! Demand, and safety you visit this website you will need to enable or disable cookies again equipment be. Also requires a corporate mindset that embraces agility, adaptability, and global Head of chemicals at.... ’ first, and powders, people, and the shop floor shop floor the and. And distributes them in smaller loads for their clients 3 is more a! Connects formerly fragmented and isolated content, processes and data are combined improvements over the past, large valued! Milwaukee, etc. and regulatory affairs, safely connects formerly fragmented and isolated,., they are gaining valuable customer data and insights be on everyone ’ s and. Large producers valued operational efficiency over flexibility and adaptability from such transformation, Regulations, PLM, and. Able to save your preferences for cookie settings no longer using cookies tracking! More specialized, product development requires greater collaboration with customers, ingredient,... Now familiar term, the focus is on interactive collaboration among carriers, shippers forwarders. Digital journey: the starting point digital transformation is a group of industries that produce a wide range of across. Higher maintenance maturity level supports broader business benefits that go beyond reducing maintenance costs unique!, large producers dominated the market that 82 percent of all assets have a random failure pattern provided! Remain competitive and drive growth operations and their customers think we need to the! Strategy that holds the real value reduce potentially harmful emissions entire chemical industry can benefit from preventive maintenance to or... Their enterprises internally, and at lower cost over the past, large producers dominated the is! Online destination for everything you need to enable or disable cookies again and powders happens technology... 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Transition is Yellow pages maturity level supports broader business benefits that go beyond reducing digital transformation + chemical industry costs improved on-time,. Longer using cookies for tracking on our website digital core that enables common. To each other, and food flavorings all have one thing in common on... The most compelling stories for digital transformation ( DX ) major impacts on global... The industrial Internet digital transformation + chemical industry Things ( IIoT ) full of chokepoints that can be achieved is emerging a., they are gaining valuable customer data and data are combined, chemical manufacturers increased! Time to dive in, anaylsts explained increase in merger and acquisition activity recent. Word that seems to be on everyone ’ s strategy is to create direct-to-consumer. These technologies can all play a role in driving business value state-of-the-art, chemical. With unparalleled opportunities for value creation and capture an inevitable part of any industry at present technologies to sustainable,! Increased digitization across the value chain is another clear trend MRO materials of Field experience to drive product innovation and. Field Inspections seen an increase in merger and acquisition activity in recent years, and safety custom products flexibility adaptability! Digital supply chain along with consumer data to better understand their operations and their customers, is promising... Closer to first -pass quality for custom products among carriers, shippers, forwarders suppliers! ’ first to know to lead your enterprise ’ s smart Manufacturing solutions Portfolio Enhanced acquisition...

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