Industry

Trend
Chemical companies face challenges from numerous areas. These include the changing price of raw materials and geopolitical climates, erratic demand patterns, mass commoditization and customization of products, complex supply chains, the transition to digitalization, competition from new companies, and more regulations and environmental pressures than before.

Action Plan
The digital economy is disruptive. Chemical companies need strategic priorities that drive transformation. SAP supports a reimagined set of end to end business scenarios to support the strategic priorities of working in a digital environment.
Companies can deliver tangible customer results by connecting and collaborating with customers and becoming part of their value chains. They can leverage digital technology to deliver innovative services and business outcomes instead of just selling products.