Change is coming. Again.
Despite strong recent performance, challenges abound for the chemical industry. Companies must adapt to seemingly ceaseless change, whether in feedstock costs, regulatory environments, workforce demographics, or customer expectations. But more than anything, the industry must respond to the accelerating pace of technological advances.
As attention now turns to artificial intelligence (AI) and blockchain, the chemical industry will need to bring all its inventiveness to the fore once again. This report explains how the disruptive power of AI and blockchain can shift the nature of competitive advantage. It offers insights for industry executives to maximize the opportunity—and ensure their businesses aren’t left behind.
AI’s value is a given. What’s stopping you from taking advantage?
Bringing together tools like machine learning, computer vision and speech recognition, AI has quickly embedded itself into numerous social and B2C interactions. Industrial and B2B applications are the next frontier.
AI has the potential to disrupt every aspect of a chemical company’s business model, from customer interaction and operations, to sales and R&D. At the same time, it can open the door to new product and service offerings and enable chemical companies to:
Blockchain promises to solve several long-standing challenges in the industry—not only streamlining track and trace across the supply chain, but also exposing previously unseen patterns in the downstream value chain.
It will help chemical companies with:
Embrace the change. Create new value.
AI will reinvent the nature of work. Blockchain will revolutionize how organizations interact across the value chain. Together, these two technologies will help reshape the chemical industry and the companies within it.
The report sets out five recommended steps to make sure your business is ready.
Every company in the chemical industry will be impacted by both AI and blockchain in the years to come. The time to prepare is now. Will your business be a leader—or one of the left-behinds?