LONDON--(BUSINESS WIRE)--A well-known market intelligence company, Infiniti Research, has announced the completion of its latest article on procurement challenges in the chemical industry. This article covers:
- Common procurement challenges that CPOs’ in the chemical industry face
- How Infiniti’s procurement intelligence solutions can help combat these challenges
“Creating a competitive advantage by overcoming critical procurement challenges in the chemical industry requires clear insights into the market changes and effective strategies on how the company can adapt,” says an industry expert at Infiniti Research.
The global chemical industry currently represents one of the largest worldwide interacting sectors delivering essential materials to several major industries including pharmaceuticals, agriculture, manufacturing and construction, and automotive. This is an indicator of the fact that any major changes in the chemical industry could also significantly affect these related sectors. Procurement is an unceasing challenge for companies across various sectors, and procurement in the chemical industry is no exception. Implementing sustainable solutions is the way forward for CPOs in chemical companies to effectively meet critical procurement challenges. Based on insights gathered from our industry experts some of the top procurement challenges faced by CPOs in the chemical industry include rising cost pressures, complex supplier portfolios, shortage of skilled workforce, absence of a concise digital strategy, and implementation of tangible opportunities.
If your company offers multiple products, you will know that there are multiple facets to each of the products you are offering. As such, any change in market trends can have a significant impact on each of these aspects. Keep abreast of the changing market trends by partnering with us. Request a free proposal.
You may also like to read some of our recent articles on the chemical industry:
- Surviving in China’s Chemical Industry: A Guide for International Chemical Companies
- Nurturing the Growth Momentum in the Agrochemical Industry
- Gaining Profitable Growth in China’s Chemical Market
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About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit:https://www.infinitiresearch.com/about-us