In 2017, Albemarle—a global leader in the production of lithium, bromine, and catalysts—completed the purchase of a lithium company that has now become its largest business unit. That acquisition was the catalyst for the company’s move to SAP S/4HANA as its single ERP system worldwide.
Globalization, major regional shifts of demand and supply base, geopolitical risks, increased competition, and exponentially growing regulatory requirements threaten established strategic models in the chemical industry. Company leaders are faced with new challenges that keep them up at night. How do we quickly integrate acquisitions to release promised synergies and onboard new revenue sources? How do we reduce complexity, integrate across silos, and streamline workflows across our entire global value chain? How do we resist commoditization by embedding ourselves more intimately within our customers’ innovation and operations cycles? How do we rapidly enter, differentiate, and win in new markets?
The Best Practices for Chemicals Event in Houston, April 4-6, will provide answers to those questions and here are the top reasons why you should attend:
Welcome to Best Practices for Chemicals TV! As we embark on launching the 2017 program, we’re excited to also launch TV, which will feature some of the best, most insightful moments from previous sessions as well as loads of exciting videos from industry thought leaders. Check back often for the latest insight and advice on some of today’s most pressing chemicals topics.
Almost every product in the world is touched by chemicals in some way. Either the product or its components are made from chemicals, or chemicals are used in the production process. This pervasiveness has made the chemical industry a hotbed of innovation as well as a target for the cost cutting efforts of every other industry. According to a recent report from the Marketing Research and Advisory Company IDC, chemical companies are turning to digital transformation to increase revenue and remain competitive. Here are the four top imperatives driving the chemical industry.
The face of the chemical industry is changing in a stream of mergers and divestitures. Also, recent advancements in digital technology offer unprecedented levels of connectivity, granularity and speed in accessing, processing and analyzing huge amounts of data. New digital leaders are emerging who use innovation and technology in every aspect of their business. Take the Digital Readiness Survey, tell us where you stand on your Digital Journey and let us help you to plan your platform and roadmap for transition!