(295f) Digitalization to Drive Differentiation in a Hyper-Competitive Plastics Industry
AIChE Annual Meeting
2019
2019 AIChE Annual Meeting
Process Development Division
Tools and Techniques for Product Design
Tuesday, November 12, 2019 - 10:05am to 10:30am
We are in an environment where we are experiencing an unprecedented velocity of change in the Plastics Industry. According to a recent report, it is estimated that companies plan to invest 5% of annual revenues on digitization with expected gains of up to 25% in capacity utilization and a reduction of up to 10% in operating costs. In this talk I will draw a tie between the external drivers contributing to this change, the challenges we face and explore tools to help prepare the organization to manage through this change. Relevant examples will be shared.