From various analyst reports and recent discussions with Executives from clients, I got the feeling that CEOs are quite confident in prospects for the future. However, concerns remain in particular about energy costs, raw material prices, skills shortages and overregulation. Technology, climate change and resource scarcity are expected to transform business over the next years and innovation, be it product, process or IT driven, continue to be essential for chemical companies. The new middle class in the emerging countries, along with the advent of new opportunities from shale gas in the US creates shifts on the demand as well as on the supply side and, hence, drives supply chain transformation towards more resilient and responsive supply networks.
Also, new competitors entering the market, mass customization of products, and new buying behaviors, driven by the “always on” networked economy, make demand more erratic and reduce product lifecycles. At the same time customers want sustainable products with reduced or no environmental impact leveraging new production technologies like e.g. bio refineries.This not only calls for accelerated innovation but also for proactively managing product and operational risks.
Last but not least, in order to develop the workforce for the future and ensure availability of critical skills, talent management and recruiting strategies will need to evolve as well.
In order to achieve profitable growth and sustainable margins while containing costs in a highly regulated environment, it is imperative for chemical companies to not only look at product and chemical process innovation, but also to take advantage of latest information technology, New disruptive opportunities on the IT side arising from big data, the cloud, mobility or social media will drive adoption of new business models, facilitate standardization and harmonization of IT infrastructures and simplify consumption of IT processes and services, hence overall support strategic company goals.
With all this in mind we would like to invite you to come visit us at our SAPPHIRE NOW and ASUG Annual Conference this year in Orlando and hear about SAP’s latest innovations in support of above business trends and needs. In particular hear how to
- Foster Process Innovation for Chemical Companies in the Cloud, powered by HANA
- Align Supply and Demand in Real Time for Profitable Process Industries
- Modernize Procurement Processes at DuPont via B2B and the Cloud
- Count on Consistent Data for Actionable Intelligence Across the Enterprise
- Enable Sustainable Innovation in Process Industries
- Solve the Unique Talent Challenges Faced by Asset-Intensive Industries
- Protect Your Assets with Access Control and Cybersecurity
- Improve Productivity with Better User Experiences in the Process Industries
Visit our Chemical Expert Table and discuss with innovative concepts like Best Run Chemical Roadmaps, Chemical Company in a Box, Augmented Reality, Predictive Analytics, The Internet of Things or Precision Farming. Download your sample agenda with most relevant sessions for Chemicals here
Jump start your experience with an afternoon focused on the chemicals process industry. Join us for the pre-conference, half-day session at the Hyatt Regency in Orlando, Florida in the Barrel Spring II room (2nd floor in the convention area) on Monday June 2, from 1:00-5:00pm as we explore new developments with SAP in the manufacturing industries. This session is free with your SAPPHIRE NOW conference registration, register now for
the half-day chemicals process industry session.
In case that was not enticing enough – Don’t miss the unique concert event at Wednesday Night featuring Jon Bon Jovi and his Kings of Suburbia! We look forward to seeing you soon in Orlando!
Please also follow us on Twitter at #SAPPHIRENOW and @SAP4Chemicals and share your ideas and impressions with us at this year’s SAPPHIRE and ASUG Conference.