New York, Jan. 23, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Digital Transformation in the Global Chemicals Industry" – https://www.reportlinker.com/p06383517/?utm_source=GNW While the chemicals industry was relatively slow to adopt these technologies, the transformation rate in the industry has increased considerably in the past 5 years. The global spread of the COVID-19 pandemic has accelerated the digital transformation in the industry to enable companies to rapidly address remote and hybrid working practices, prolonged and sometimes broken supply chains, and changing end-user demands. Frost & Sullivan, in its March 2018 study, Impact of Digitization on the Chemical Industry, identified 7 domains of digital transformation and provided an overview of enabling digital technologies. This new study analyzes the market using 6 emerging themes: Digitalization for Sustainability, Empowered Workforce, Digitalization for Innovation, Enhanced Customer Experience, Digital Transformation of Supply Chain, and Transformation because of Emerging Technologies. Each theme will cover 1 or more of the 7 domains. While attaining operational excellence is at the core of digitalization strategies of larger petrochemicals, chemicals, and formulation companies in this industry, there is a general rise in awareness among organizations about the importance of adopting a holistic approach by placing their internal […]
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