tom lee

tom lee

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For example, by using complex analytical tools for collaborative research and development, companies can quickly accelerate innovation to gain competitive advantage.Many companies are turning to predictive models to make hypothetical simulations based on data to achieve strategic agility and operational brilliance.Digital transformation enables companies to simulate the impact of price changes on consumer demand and final profits, which enables them to make real-time quotes for their prospects.In addition to mobility, cloud computing and memory computing, the industrial Internet of things, machine learning and blockchain will also start to become game changers for chemical manufacturers.These three trends are jointly challenging the existing strategy and creating a perfect storm for the chemical industry.Proximity of customers and raw materials, intellectual property and know-how may no longer ensure sustainable competitive advantage.
This paper discusses the deployment of industry 4.0 in the region and the world, and provides the latest development and challenges of GCC chemical industry.Deployment status of industry 4.0 in global chemical industryMost industries around the world recognize the role of digital technology in promoting innovation, efficiency and growth.According to the data of consulting firm Accenture [1], most manufacturing enterprises, including chemical companies, have passed the proof of concept stage and are now in the pilot stage or partially expanding scale.Among all industries, the industries that have made good progress include upstream oil and gas, aerospace and national defense, chemical and high-tech enterprises.The digital maturity of the global chemical industry is 42.2%, higher than 39% of the manufacturing industry, which means that most chemical manufacturers in the world are in the stage of expanding the pilot and deploying digital solutions in various locations or functions of the company.Deployment of industry 4.0 in GCC chemical industryIn the GCC region, companies are increasingly using digital technology to unleash new sources of competitive advantage, growth and value.These include, but are not limited to, Saudi Arabia's vision 2030 and 2020 national transformation plan (also including digital space), "smart Dubai", Qatar's "connect 2020" ICT policy, and Oman's digital strategy (e-oman).With the advent of New Coronavirus at the end of 2019, the pace of digital transformation is quickening.For GCC chemical industry, the impact related to product and service demand, supply chain disruption, and changes in labor force and customer interaction all emphasize the need for digital transformation.Data is the new fuel of chemical industry, and digitalization is the competitive advantage.
Four ways of applying artificial intelligence and machine learning in chemical industryIn the application of tools and technologies for artificial intelligence and machine learning, each chemical manufacturer has its own blueprint to follow, but in the chemical industry, some broader areas may be common.Data processing and analysis of molecular activity researchIt usually takes years of analytical research, laboratory experiments, clinical trials, farm trials, etc.to understand chemical products and use them to achieve the desired results.This data analysis will help to isolate chemicals that are effective but have little or no side effects, as well as those that are not expected to be effective or toxic.In addition to using artificial intelligence and machine learning in the pharmaceutical and pesticide industries, possibilities can also be explored in manufacturing industries that rely heavily on chemicals.Applying artificial intelligence and machine learning to the chemical industry can also accelerate the efforts to deal with climate change by assessing the damage caused by harmful pollutants.
Driven by the expansion of application base of special chemical products, increasing demand for crop quality and rapid industrialization, the market of special chemicals will accelerate growth at a compound annual growth rate of 5.5% in the forecast period (2020-2030).Demand for these chemicals will be driven by growth in the automotive, textile, food and beverage industries, especially in developing countries.Special chemical products are used as additives to produce the desired effect in the substance and final product.These chemicals have different characteristics and are compatible with other chemicals.Similarly, methyl oleate, a special chemical substance, is used as an active ingredient in many kinds of creams and lotions.One of the key factors driving the market for specialty chemical products is the strong industrialization and urbanization of emerging economies such as China, Brazil and India.Due to rapid urbanization, the living standards of the people in these countries have been greatly improved.This in turn stimulates the consumption of cosmetics, packaged foods and medicines.In addition, the expansion of China and India's auto industry has also contributed to market growth due to the increase in disposable income.The market for special chemical products is subdivided into lubricants and oilfield chemicals, pesticides, adhesives and sealants, construction chemicals, surfactants, polymer additives, cleaning chemicals, special coatings, food additives, electronic chemicals, paper and textile chemicals and plastic additives.
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Increasingly fierce competition, changing customer needs, evolving regulatory environment and dynamic cost equation have put heavy pressure on today's chemical suppliers.In the face of this challenging environment, many chemical enterprises are focusing on reshaping their business and operation mode through the transformation trend from other industries.52% of the chemical enterprises surveyed lack digital strategy and transformation roadmap.Deloitte global consumer and industrial products industry group and China Petroleum and Chemical Industry Federation (cpcif) were jointly published.The analysis of the report is based on the collection of survey responses from 102 senior executives of more than 50 chemical suppliers in North America, Western Europe and Asia.""Taking it into the context of China, we observe that most Chinese chemical manufacturers adopt digital terms in precocious clusters, even though China is one of the most digital mature markets in the world with its unique ecosystem," said Li Jiaming, consulting leader of chemicals and special materials division, Deloitte China.In addition to organizational agility, one of the major challenges Chinese chemical manufacturers have identified is to expand digital initiatives from pilot projects to the enterprise level.
The digital maintenance technology of today's chemical industry can improve the performance of enterprises in the global competitive environment.For many chemical suppliers, digitization can be a confusing word.A simple definition is that digitization is the use of digital technology to change business models and provide new revenue and value creation opportunities; it is a process of transferring to digital business.According to the latest MarketResearch.com Blog in the chemical industry trend, digital technology can help chemical suppliers in many aspects, such as capturing key data and drawing insights, at a lower cost, to improve production, arrange preventive maintenance, minimize downtime, promote accurate inventory planning, prevent shortage.After reading the interest areas pointed out by the market research blog, as mentioned in the previous paragraph, a computerized maintenance management system (CMMS) like maintenance connection is the first step for chemical suppliers to go digital, because it provides value in three key areas:Collect assets and maintenance data, provide reliable reports and KPIs, transform them into operational intelligence, and help reduce maintenance costs.Support preventive maintenance plan based on specified trigger, and provide automatic work order generation to predict and prevent unplanned downtime.Optimize inventory management through parts serialization and integrated barcode scanning.In operation, the application of digital technology in maintenance and other functions has improved the performance of the plant and network, and minimized downtime.According to 2017 chemical trends, the operating cost has been reduced by 2% to 10%.Although passive maintenance has been the standard for many years, it is no longer an acceptable maintenance strategy for companies that want to excel.Chemical suppliers are in different stages of transformation from passive maintenance to passive maintenance.Some are still using paper work order system, others are using electronic form, many have implemented CMMs, but may not make full use of its ability.A CMM can lay a solid foundation for steering preventive maintenance, and ultimately predictive maintenance.
India's demand for the chemical industry is growing.If used improperly, they may have adverse effects on human health and the environment.In this competitive era, digital transformation has helped chemical manufacturers create more opportunities.Chemicals can be classified into organic, inorganic, harmful and other categories.These chemicals are used in automobile, hardware, electronics, white appliances, jewelry, power, aviation, railway and defense industries.This will help to improve safety, reduce costs, compliance and digital transformation of product life management, and bring new value and added value to chemical manufacturers.1.Here, the role of digital transformation begins to show.
Digital technology and the data created and managed by it are bringing great growth and change to the chemical industry.But they are all under pressure from digital technology, international competition and changing consumer demand.That's why leaders in the chemical industry are joining other industry leaders to improve their organization's operational efficiency, provide high-quality customer service and innovate in sales and marketing by leveraging their digital capabilities.The new technology guarantees the right digital strategy."The business processes of chemical manufacturer, including manufacturing, marketing, sales and R & D, provide performance improvement opportunities based on data capture and interpretation.Over the past two decades, remarkable productivity gains have been brought about by excellent functions.customer satisfactionConsumer expectations for buying are evolving.They want the "always online" information to be up-to-date, and all their interactions with suppliers' designated companies are a single entry, a self-help digital experience, a fully responsive mobile user interface, and the ability to buy at their own time.
In view of the core position of the chemical industry in the global economy, the industry has fully felt the impact of 2019 coronavirus disease, although some industries have been more affected than others.We analyzed who is the winner and who is the loser at present, and focused on the steps that all chemical companies need to take now to seize future opportunities - rethinking their goals, commitments and portfolios to drive future growth, value creation and adaptability.Never before in human history have so many regions shut down most of their economies in close sync.As an important part of each economy, chemicals and materials exist in daily life products, which exposes the sector to this broader market stagnation.This paper will explore how the industry responded to the new coronavirus crisis at the beginning, focus on the eye-catching actions taken by individual participants, and analyze the potential direction of the industry in the future.Our analysis is based on a six-month time frame, including the three months before the crisis (the baseline before the crisis) and the first three months of the crisis itself (providing a complete time span to show the resilience of different industries, sectors and participants).Impact of operationLike other companies, chemical companies are adjusting their core business in three different ways:Accelerating digital efforts: social distance rules make it mandatory - Companies in many departments are suddenly forced to switch to collaborative virtual work environments.This is relatively easy to achieve for office / management staff, although the real "light out" manufacturing is not in place yet, chemical companies have achieved highly automated production in the past decade.More difficult are activities that historically relied on geographic distance: meeting new people, exchanging ideas, and of course advocacy, persuasion, and negotiation.
When you think about buying a new car, you need to think about some factors carefully to find the most cost-effective deal.You can check the price of the selected model on the website, or you can go to several dealers to compare the prices.Choose the car that suits you You should choose the vehicles that fit your needs and your budget.Second hand car or car loan - which one is the best If you can't invest more money in cars, you can consider getting car loans from major banks or financial institutions.When you expect car loans, remember that you should not have any credit reports that are in arrears or sagging, or you may not get the loan.As a result, it is possible to find a low interest rate, which will make total financing and monthly instalments lower.
Thanks to the digital transformation movement, we have the most amazing and wonderful technologies to drive business performance and operational excellence - and more than ever before.In other words, time may seem scary.The usual business challenges are bigger and worse: global competition, complex supply chains, new rules.In the digital economy, things that used to be very useful are no longer applicable.Dan Schulman, chief executive of PayPal, succinctly pointed out: "the biggest obstacle to a company's future success is past success.At the 2017 Conference on best practices for chemicals, I am honored to speak with mark Thome, global information technology director of zinpro.Mark's company has a story about chemical manufacturing and digital transformation.Zinpro produces micronutrient supplements farmers add to livestock feed to support the health of their animals.The company's products have also recently been under new FDA regulation.In order to develop the company and shorten the listing time, zinpro must recognize and face the reality of the digital business environment:The speed of change is faster than it - chemical enterprises need more choice and flexibility, the ability to act quickly on information, and most importantly, speed is needed.Business leaders need to be implemented immediately - the pressure to lead competitors and quickly deliver results is growing; it requires the ability to manage massive data and in a simple way.Explosive growth of data, equipment, and decision-making - businesses need to be simplified and integrated.Zinpro has encountered a tough but not unfamiliar inventory challenge.
Incumbents must reassess their opportunities and adaptEstablished producers in Europe, Japan, South Korea and North America will have to take measures to adapt to the decline in the overall growth rate of demand for chemical products in their own markets.Obviously, in the mature and developed market, some sectors continue to enjoy good prospects and are relatively safe in the new competitive environment.These are subdivided into two main areas, high-end market and low-end market, in which there will be relatively unbreakable niche markets.The first area is the chemical industry segment that needs customer affinity and high-level service support.For example, fragrance and fragrance companies have developed excellent customer insight and exclusive manufacturing technologies to support customer demand; coating companies that manage automotive coatings in production lines; leather chemical companies work closely with luxury goods manufacturers; and water treatment and construction chemical products.In all of these cases, close relationships with customers make them less vulnerable to the invasion of low-cost overseas competitors.These are, and will continue to be, regional markets.Those in office must be particularly careful about the many segments between the poles.
Optimize the investment portfolioManagement teams often lack data or processes to discuss the advantages of one portfolio over another.On the contrary, they may pursue a basket of default projects year after year, or simply cut down on expenses, but they do not actively shape the investment portfolio to optimize it, which can not only maintain operation, but also promote growth.In contrast, the most successful chemical companies determine the optimal project portfolio based on three factors:Priority.This helps to improve the transparency of the business issues that projects want to address and helps to determine which projects can be postponed or cancelled.This, in turn, releases money for the most attractive projects.Here, there is a clear business case to show that return on investment helps to prevent projects from being pushed just based on their classification.
Common mistakes in used car tradingPeople make some common mistakes in the used car trading.Here are some ways to avoid them:Repair cars: people sometimes try to repair dents on cars or replace a new set of tires, believing that this will significantly increase the value of their old for new ones.Dealers are usually able to repair defects and replace new tires at a much lower price than you.Overestimation: people tend to have emotional attachment to their cars, and often think that their cars are more valuable than their actual value.They are evaluating the site to find the highest car value for their vehicle and treat it as fixed.But valuations are average, which means that some traders offer less to people, while others offer more.Instead of arguing about the value of the car, spend your efforts negotiating the price of your new car.Hidden information: some shoppers lie, claiming there is a high discount, hoping that dealers may try to beat it.
Digital technology allows chemical suppliers to release more than $200 billion in new value by reducing service costs, increasing pricing, and gaining growth from competitors.In the past decade, the chemical industry has achieved great success, bringing more value to shareholders than its upstream suppliers and downstream customers, or even the entire global stock market.But experience shows that we cannot be complacent.Among the top five chemical suppliers from 2000 to 2004, nearly 50% of them no longer exist from 2010 to 2014.If today's chemical suppliers continue to follow the same path, they can not expect to continue to get higher returns than the market.This is because this road is largely built by the progress of productivity.However, many traditional productivity levers are now exhausted.Where can companies look for the next change in financial performance?We believe that digital technology will enable them to tap new value pools and grow from their competitors.
Vegetable foods, including cheese, ready to eat, seafood and egg substitutes, are the biggest opportunities for the vegetable food industry, according to an important new survey.Proveg international, an international vegetarian Support Alliance, surveyed 6221 consumers in nine European countries, including the UK, and found that consumers would like to see more plant-based cheese, with plant-based seafood and egg substitutes as the main growth opportunities.More than three quarters (76%) of the respondents were plant dieters (mainly or only eating plant food), and 24% were dieters (reducing or trying to reduce the intake of meat and / or other animal products).The results food and nutrition in Europe survey show that although consumers tend to be more satisfied with some plant products, they also believe that there are not enough plant products to choose from in almost every food category.choiceConsumers want to see more changes in product types, raw materials, tastes and tastes, as well as more products suitable for different lifestyles and uses, the report said.Vegetarians say they most want to see more vegetarian cheese in supermarkets.Nearly two thirds (65%) of the respondents said they would like to see more vegetable cheese in supermarkets because they think there are too few choices at the moment.Plant based ready to eat products are the second most popular product, and the third most popular is plant-based weight loss products.Vegetarians also want to see more plant-based meat substitutes that mimic meat, while plant dieters are looking for more plant-based baked goods and chocolate.Seafood and egg substitutesIn particular, vegetable seafood and egg substitutes show great growth opportunities.Only 16% of vegetarians have bought and tried vegetable seafood, while the consumption rate of egg substitutes is lower, only 11%."Vegetable cheeses and ready to eat foods represent huge growth opportunities," said Verena Wiederkehr, director of food industry and retail at proveng international.We recommend that manufacturers focus on expanding the range of these best-selling products, especially plant cheese, and strive to improve taste and texture.
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Dynamic pricing for chemical manufacturerThe adoption of dynamic pricing requires the transformation of the whole business organization of chemical manufacturers in three parts.Third, it requires the change of thinking mode, behavior and ability from top management to front-line sales staff.Tools and systemsIn order to ensure the successful implementation and sustainability of dynamic pricing impact, enterprises must have appropriate it, analytical infrastructure and performance management capabilities.These factors are quantified, and then the algorithm can group customers whose purchases can be priced in a similar way.Advanced analysis enables the NBA's approach to extend to hundreds of customers, including small customers, and use it to inform pricing and gain more profits.As a part of the implementation of dynamic pricing, chemical manufacturer can also bring stronger market intelligence and greater predictability of downstream market demand and upstream supply to improve their pricing strategies.In view of the sensitivity of the chemical industry to oil and gas price fluctuations and supply chain disruption, this is particularly important in the chemical industry.A large amount of information can be collected and analyzed, from "big picture" elements, such as crude oil market, to detailed market information.The latter includes news about trade flows, competitor disruptions or capacity increases, as well as developments in customer industries, such as regional construction trends and consumer preferences for different types of vehicles.
It is listed on the Frankfurt Stock Exchange, London Stock Exchange and Zurich stock exchange.BASF has about 111000 employees, six Verbund factories and nearly 370 production bases around the world, serving customers and partners in almost all countries.BASF Group has subsidiaries and joint ventures in more than 80 countries, and operates six integrated production bases and 390 other production bases in Europe, Asia, Australia, America and Africa.In 2011, BASF reported sales of $73.5 billion and revenue of $8.4 billion excluding special items.The role of chemical manufacturer BASF's market intelligence is to support the realization of strategy, whether it is investment project, M & A, economic and competitor intelligence or daily research.Globally, BASF's market intelligence unit in Germany has more than 100 employees, while much smaller units are located in different regions.With such a large number of employees, it is very necessary to make use of the efficiency of resources, budget and local knowledge management to obtain market intelligence in the region more effectively.A survey of regional business units in Asia shows that business managers feel that they often waste time looking for information on their own that could be better used for other tasks.In fact, some of our reports are generated at a global level, which we find more cost-effective and ensure consistent quality standards are maintained in our organization."method"Because we offer a lot of product lines, there is a degree of complexity in our organization and business.
Animal protein is more easily absorbed by the body and contains essential amino acids, but its disadvantage is that its saturated fatty acids can affect the heart and cerebral blood vessels.With the improvement of people's quality of life, the demand for protein is also increasing, but the production gap of protein is still large, so people began to pursue different sources of protein - plant protein.According to the prediction of professional institutions, the plant protein market will grow rapidly in the next 10 years.By 2030, the global plant protein market will soar from the current US $4.6 billion to US $85 billion.Seaweed food rich in nutrients and other health factors is promoting the development of its global market.Similar to traditional sources such as soybean, whey and pea, seaweed protein has great appeal in the nutritional food industry because of its rich nutrition.Unique advantagesThe protein accumulation ability of microalgae is the strongest among algae.
Propeller pitch of FPV dronePitch is the angle of each blade on the propeller.Simply put, the pitch of a propeller is how far forward the propeller moves in one revolution in a perfect world.(without resistance or loss, etc.).The pitch of a propeller can be thought of as a gear device on a car or bicycleHigh pitch usually results in greater overall thrust and speed at the top end, but less torque at the bottom end.The response of high pitch propeller to input is very slow, and more power is used, which is effective only when the multi rotors move rapidlyLow pitch results in less total thrust and higher end speed, but more lower end torque.Due to the increase of low-end torque, low pitch propeller is easier to change the fast direction and more sensitive.Choosing the right FPV propeller for your application boils down to choosing something that will work with your multi rotor system and type of flight you want to do.If you have a smaller car or are planning to use multirotor with more limited space to make a lot of direction changes, a low pitch propeller will be appropriate because it will be more responsive and low-end torque will help it change direction quickly.Based on the most common 5-inch propeller, the spacing between 4 and 4.5 inches will fit most applications and is a good mix of responsiveness / torque and maximum speed / thrust.Configuration of propeller blades for FPV droneBlade configuration refers to the number of individual blades on the propeller.
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