WAITING TO BE DISRUPTED – THE CHEMICAL INDUSTRY AND PORTER’S FIVE FORCES

The global chemical industry is undergoing rapid change. Both demand and consumption of chemicals are shifting eastwards as new manufacturing facilities come up and China’s consumption levels rapidly increase. New production capacities are being developed in the Middle East and in other non-traditional areas. How does all this impact the incumbent chemical companies? What are …


HOW CHEMICAL BUYERS CAN OVERCOME QUALITY ISSUES BY BUYING ONLINE

Chemical consumers face the challenge of identifying suppliers who can deliver raw materials of the required quality at a fair price. Once they have found a reliable vendor, buyers have a tendency to continue the association even if there is a possibility of finding alternative sources that are more economical. Why should the purchasing department …


MAINTAINING AN UNBROKEN CHEMICAL SUPPLY CHAIN– THE CASE FOR ONLINE TRADING PLATFORMS

The price volatility of raw materials can result in rising costs, lower profitability, and a desperate last-minute hunt for new suppliers. But finding alternative sources of supply for chemicals is a time-consuming process involving the verification of the seller’s reputation and its ability to honor its commitments. Chemical consumers have evolved various methods to tackle …


FLEXIBILITY IN CHEMICAL SUPPLY PROCUREMENT

Large chemical companies have elaborately designed supply chains that are capable of meeting fluctuations in demand for raw materials. They have several suppliers for each of their requirements. A supplier is approved only after a rigorous process that involves verification of the quality of the chemicals supplied, adherence to time commitments, and compliance with regulatory …