Testing Planet helps you integrate operational and business data and turn them into meaningful insights.
The multi-trillion USD global chemicals industry, which grew briskly for more than half century, is undergoing a gradual change. The chemicals industry faces uncertainty from various fronts – cheaper alternatives cause changes in the dynamics of the global supply chain and traditional feedstock; shifting focus on new products, markets and regions in order to drive growth; revitalized vertical and inorganic expansion strategies. This industry is sensitive to undercurrents in the global macro economy, besides government & regulatory pressures. Major chemical makers are increasingly focusing on businesses that cater to agriculture and nutrition markets in an effort to cut their exposure on other businesses that are grappling with weak demand and input costs pressure. Several businesses are pursuing M&A strategies to beat the challenging economic scenario.
The chemicals industry is poised for growth in an environment of uncertainty and change. Industry leaders are looking for agility to support the organizational initiatives. This requires accurate cross-functional information instantly for quick and critical decision making. This required information spans business systems, operational plant-floor technologies, spatial & engineering areas. There is an acute need for comprehensive analytics across Supply Chain, Sales & Marketing, Finance, HR, Operations, Reliability & Maintenance and HSE functions.
To address these challenges, chemical companies are pursuing operational excellence to streamline processes, optimize costs, and create value. Such improvements tie directly to the organization's ability to integrate arrays of operational and business data and turn them into meaningful insights.
Testing Planet offers unique value proposition for chemicals companies enabling them to accelerate their journey of operational excellence (OpX).
The benefits to the organization are:
With domain knowledge, analytics and connectors, Testing Planet enables companies achieve faster ROI through rapid deployment in weeks.