DIGITALIZATION IN PETROCHEMICALS – PART 4: SHIFTING DEMOGRAPHICS

You may have heard the term: “Never change a running system (or machine).” If you are German or have lived in Germany for quite some time I would be quite surprised if you have never come across it. This term is in fact a German pseudo-Anglicism. It comes from the expression: “Never change a winning team.” …


DIGITALIZATION IN PETROCHEMICALS – PART 3: THE STATUS QUO

We wanted to spend some time talking about the current status quo in the order-to-cash and procure-to-pay processes within the petrochemical industry. Interactions between buyers and sellers in our industry typically rely on tools and techniques that have been around for decades and they have not changed very much – for good reason! The standard …


DIGITALIZATION IN PETROCHEMICALS – PART 2: THE IDEAL SITUATION AND DEALING WITH CHANGE

In Part 2 of our blog series: Digitalization in Petrochemicals, we would like to give you a little more detailed view on online portals in practice. In the perfect situation as a supplier, you would run your own e-commerce platform and have it linked with your own ERP system in order to efficiently manage customer …


DIGITALIZATION IN PETROCHEMICALS – PART 1: SETTING THE STAGE

When we first came up with the idea for Kemgo, over two years ago, there was very limited information that we could find around digitalization in the petrochemical industry (unless it was around innovation on the product development side or the startups we saw at the beginning of the century). Essentially, what we were finding …


BUYING CHEMICALS FROM INTERNATIONAL SUPPLIERS – E-COMMERCE SITES TO THE RESCUE

Buying raw materials from overseas suppliers holds many attractions for chemical consumers. The primary benefit, of course, is a lower price. If a company in Europe or the US can establish a low-cost supply chain that sources materials from China or the Middle East, it can gain a tremendous competitive advantage. Buying raw materials from …