CULTIVATING AN AGILE SUPPLY CHAIN IN THE CHEMICALS INDUSTRY

Today's chemicals industry faces a series of business challenges; rising costs of raw materials, regulatory issues and vertical integration from bulk to specialty chemicals are creating the need for complex supply chains with many degrees of freedom. One thing is certain -- supply chain disrupt...

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Bibliographic Details
Published in:Supply Chain Europe 2012-01, p.12
Main Author: Rokohl, Laura
Format: Article
Language:English
Subjects:
Ammonia
Chemical industry
Chemicals
Costs
Customers
Decision making
Fertilizers
Globalization
Hurricanes
Inventory
Manufacturers
Manufacturing
Production capacity
Raw materials
Return on assets
Risk management
Simulation
Suppliers
Supply chain management
Supply chains
Volatility
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Summary:Today's chemicals industry faces a series of business challenges; rising costs of raw materials, regulatory issues and vertical integration from bulk to specialty chemicals are creating the need for complex supply chains with many degrees of freedom. One thing is certain -- supply chain disruptions will inevitably occur. Of course, not all disruptions are a result of natural disasters; demand volatility is also a significant area of concern. The good news is that many chemical companies are well positioned to respond to these unexpected events, thanks to the sophisticated global supply chains that they already have in place -- the challenge is knowing how to react when such events occur. Consider the example in this article of a company faced with a raw material shortage; rapid analysis is needed to determine shifts in supply and distribution, allocation of limited capacity and the impact on customers and suppliers.
ISSN:1742-447X