Solulever2023 / Mega-trends-Driving-Chemical-Industry---Success-Priorities-Pt.2.2

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Mega-trends Driving Chemical Industry - Success Priorities Pt.2.2 #1

Open Solulever2023 opened 1 year ago

Solulever2023 commented 1 year ago

Collaboration Via Business Networks Product-based value chains have forced chemical companies to push their boundaries. Chemical producers, along with a partner network, now plan to develop sustainable, customer-specific solutions and applications that serve industries such as automotive, pharmaceuticals, high-tech, aerospace, defence, and consumer products. This collaboration can enable them to deliver outcome-based applications and services, while also providing flexibility in redesigning networks and relationships according to market dynamics and ongoing portfolios. Chemical companies can begin by collaborating with their customers to understand their needs and sustainability requirements. They can co-innovate with them in product development, and share data to maintain transparency. At the same time, they can use the ecosystem to connect with business networks and expedite and improve support for product development, production, and delivery. Partners can range from raw material suppliers to equipment manufacturers and service providers, to contribute to rapid delivery and lower the cost of production. This will enable chemical companies to develop differentiating and innovative products, services, and business models that support a higher purpose and circular economy.

It is expected that by end of 2023, 60% of manufacturers will start building R&D labs as cloud-based platforms that are open to external ecosystem participants, realizing a 25% greater product success rate than competitors. DRIVING SUSTAINABILITY: FROM TRADITIONAL BATTERY VALUE CHAIN TO CIRCULAR ECONOMY The adoption of electric engines by the automotive industry is considered a major step towards the decarbonization of transportation. However, concerns from regulatory bodies and end consumers have increased due to the production of batteries and the impact of battery raw materials on the environment and society as a whole. These concerns have motivated automotive manufacturers to expand beyond their traditional value chain. They are increasing visibility and consumer transparency while moving towards a circular economy. The supplier can enable complete transparency and tracing of raw materials for batteries such as cathodes, electrolytes, anodes, and enclosures using a digital passport. Problems in Traditional Scenarios Linear sequential battery value chain with poor visibility into raw material provenance or end-of-life management, resulting in inefficient resource utilization. Solutions offered by New World Scenario

Top Value Drivers

  1. CO2 footprint Improvement
  2. Greater Traceability across the value chain
  3. Stronger partnership across the value chain.
  4. Increased resource Utilization through circularity To Read full article click https://www.linkedin.com/pulse/mega-trends-driving-chemical-industry-success-priorities-solulever-1f/?trackingId=%2F%2FRj8SuQSiSch4u0x4FcWg%3D%3D Solulever, a Dutch Technology Startup, is based on the principles of Industry 4.0 and delivers top industrial connectivity platforms to help manufacturers in taking up the digital transformation of their plant. Solulever's Brabo Edge Platform® is a platform that allows seamless connectivity to different tools and equipment on the shop floor. It performs data mashups that are therefore available to the development teams on a real-time basis.
Solulever2023 commented 1 year ago

At Solulever, we deliver unique Edge platform, industry-specific solutions and services that simplify the digital manufacturing transformations. We are passionate about bringing the power of ‘Data at Speed’ to manufacturing and about bringing ‘Beauty’ to manufacturing systems. We deliver the promise of digital manufacturing through ‘Continuous Value Realization Programs’ leveraging our Edge platform and solutions.

https://solulever.com/brabo