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Challenges of the chemical industry: status quo 2024

Solving today’s sorrows with tomorrow’s possibilities: With novel technologies such as GenAI advancing the frontier of science at tremendous speed on one side and economic, regulatory, and political challenges weighing down the industry on the other side, it’s now “go or gone” for many chemical companies. What are the current challenges the industry is facing and what chances can be leveraged to overcome them? In this article, we’ll have a look at the challenges the chemical industry must overcome in 2024. For a detailed review of the chances in 2024, have a look at this article [coming soon and will be added here].

Ready for the digital future? How companies can equip themselves for the digital transformation

Young professionals collected success factors of the future. The talks provided fascinating insights into the future of digitization, the chemical and healthcare industries, and the innovation landscape.

"Challenges and potential: health apps in Germany".

The introduction of "Digital Health Apps" (DiGA) in Germany aimed to improve access to health services, especially for people with mental illnesses such as depression and anxiety disorders.

The future of the European Green Deal: Impact of the crisis and the EU chemicals strategy on the chemical industry

With the European Green Deal, the EU Commission aims to achieve climate neutrality for Europe by 2050 and a sustainability-oriented restructuring of the economic system. As a result, national economies are faced with the challenge of transforming their economic systems in the direction of a green economy. The chemical industry in particular has a key role to play in this transformation.  

Overview of the Supply Chain Act

Around 25 million people in the world practice forced labor. At the same time, less than 20% of German companies with more than 500 employees comply with their voluntary commitment to corporate due diligence, as the German government's monitoring of the "National Action Plan on Business and Human Rights" (NAP) showed. For this reason, the Bundesrat passed the so-called "Supply Chain Due Diligence Act" at the end of June 2021.

Digital Technologies as a Key Driver in the Context of the Chemical Industry's Sustainability Efforts

A brand new research about digital technologies as a key driver in the context of the chemical industry's sustainability efforts revealed lots of valuable insights and implications to be applied to further develop our nationwide digital sustainability ecosystem.  Below you can find the main findings of Vanessa Lindt´s masterthesis at Ludwigshafen University of Business and Society, that we supported. 

The European Green Deal - far more than just CO₂ reduction - about the impact on the chemical industry

Impact of the European Green Deal on the chemical industry

Digital technologies offer a huge potential for more climate protection

What potential do digital technologies have in climate protection? The study "Climate Effects of Digitization" by Bitkom-Digitalverband, conducted by Accenture,...

Funding for high-risk startups in Europe

Startups with disruptive technologies often face the challenge of finding investors who want to get involved. While many startups receive...

On The Scout For A Profitable Sustainability Business Case In Chemicals

Here we are. In the middle of the next big thing, although sustainability is far away from being new. Chemical...

The Digital Future of Education: Resilience through COVID-19 Lockdowns

Beginning in March 2020, social distancing measures imposed to prevent the spread of COVID-19 forced millions around the world to...

Digitization + sustainability = the combination for the future?

Digital technologies can be a key driver for shaping a sustainable future.

Wesley – Your Everyday Missed Opportunity

Today, I want to take you on a journey. Imagine you work for a chemical company that produces products in...

The 20-Year-Old Web Shop: Standard Solution, Please

In the early 2000s, many chemical companies started launching webshops, digital sales platforms for B2B buyers. Decisions were easily made...

Cars instead of horses: Listen to the customer’s voice to exceed expectations

Companies that have not had a market need or internal push to overhaul their business models over the last century...

Infinite Skills Create Miracles

Many chemical companies are trying to cope with growing B2B customer demand. Some are responding by running trial-and-error approaches; others...

Chemicals – A Mature Industry goes digital

The chemical industry is the only one which is named after a natural science where it has its roots. No...

Comment to "Investors shy away from the risks of chemistry" from Handelsblatt

Bezugnehmend zu dem Artikel von Siegfried Hofmann, welcher am 22.08.2019 im Handelsblatt erschienen ist. Er verweist auf eine Studie „Innovationsindikatoren...

OMG! Another Customer-Centricity Project?!

Customer relationships in the chemical industry are usually long-lasting; you don’t see customers come and go, as you might in...

Experience Management In The Chemical Industry

Having worked for a long time in the chemical industry and dealing every day with its customers, I know how...

Ecosystems for digital transformation

Hubs und Allianzen unterstützen auf dem Weg zu Industrie 4.0. Der digitale Wandel zwingt Politik, Industrie und Gesellschaft zum Umdenken,...

Don’t fear the DApp: getting corporates hip to consumer-facing blockchain tech

There is an ongoing debate in the blockchain space around what the “killer app” will be (*groan*) and who will...

The Digital Health Entrepreneurial Ecosystem – Take It to the Next Level

A brand new research about the German digital health startup ecosystem revealed lots of valuable insights and implications to be...