A Vision of New Markets for the Chemical Industry – Spotchemy Blog

A Vision of New Markets for the Chemical Industry - Spotchemy Blog

before Chemical Industry 4.0Before Amazon, before Windows 97, even before the Internet, industrial chemical supplier picked up the phone, wrote a letter, and sent a fax to offer their chemical products for potential customers.

Later, as the third millennium began, the wild, wild west of the World Wide Web took hold, chemical industry supply chain Switched from ‘bricks’ to ‘click’ to get your chemical trade, And thus a plethora of startups was born; Hoping to find a business model to win Elemica, Omnexus, Rubber Network, Ariba, Covisinit, Quadrem, and Chemplorer online chemical business,

While most are focused on the order-to-cash or buy-to-pay process, some can be considered basic. online chemical marketplace, Some ideas were executed badly, others had the right idea at the wrong time; Nobody really succeeded.

E-business has matured in 2019, allowing for a range of different solutions that have seen a slower, more cautious spread online chemical marketplace, Their differences stem from their different starting points.

Simon Hardy as A chemical industry Advisor alemicaNotes, “In today’s business economy we see chemical companies Adopting different approaches to generate market revenue. From industry itself you have solutions built by chemical industry, which are Camondis, OneToCam and Covestro Select. There is also a group that came from either chemical distribution Or saw a gap in the market and formed a company to bridge it. These include companies like GoBuyChem and Pinpools. Agnostic platforms such as Alibaba and Amazon are also increasing their market share. Recently, we’ve also seen interest from eBay, which already has a very successful B2B marketplace working for the aviation industry.”

Despite the action of the big players, there remains a long list of online chemical trading location created as a start-up; BuyersGuideChem, LookKem, and GlobalChemmed; Everyone is trying to make their presence felt. Who will survive will depend on three main factors:

  1. working capacity. Easiest webpage with widest product choice.
  2. Investor staying power. How long will supporters of these companies be willing to take the loss (in hopes of becoming the next Alibaba) before pulling the plug?
  3. Another big player entering the market. As Hardy mentioned, Alibaba, Amazon and eBay have already made temporary expansions in industrial chemical sales, But what if Bayer, DowDupont, or INEOS made a big investment. Their knowledge, market influence and bank balance can be a game-changer.

hopefully, chemical industry One is wise enough to avoid B2C style campaigns of click-bait marketing, but no one can be sure that the market will not move in that direction.

whereas chemical procurement officer While generally having a higher-than-average intelligence, we are all still human and prone to the same basic marketing tools selling ice cream and toothpaste. most likely, chemical industry The online market will get what it deserves.

Instead, we can only hope that more customer-focused online marketplaces will find success.

As Hardy puts it, “Today’s shoppers want to order in a B2C manner, where they know where their order is at all times and when and where it will be delivered.”

The real advantage of having information at the touch of a tablet online chemical marketplace can offer. And while it may seem far-fetched for an industry with such a long and complex logistics to reach this goal; Time and money can accomplish great things.

Because, if, within the next decade, only 10% chemical industryThe annual $5 trillion of revenue flowed through online marketplaces would create a sub-sector of $500 billion. That kind of money can make a very handy website and order tracker.

photo Credit: freeimage

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