Global investment in drones and robotics technologies for transmission and distribution systems is expected to total nearly $16.2bn from 2015 to 2024, according to a Navigant Research report.
Analyst Insight: Companies competing in the chemical and energy industries continue to place a high priority on sustainability and environmental responsibility. The high visibility of these factors in today's society certainly helps make the case for sustainability and environmental responsibility in terms of maintaining a positive brand image. However, leading firms are also recognizing that efforts to drive sustainability and protect the environment are also helping to deliver additional value beyond brand image. - John Santagate, Research Manager, IDC
Tanker shipping freight rates are expected to remain firm in the first few months of 2016, but with the influx of tonnage these rates are expected to soften towards the end of the year, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.
The Specialty Chemicals Market Volume Index, a tool created by the American Chemistry Council, fell in January, dropping 0.5 percent on a three-month moving average (3MMA) basis after a 0.1 percent decline in December.
Challenge: This global logistics and transportation service provider for the chemical and process industries needed to automate its contract management and pricing process due to a growing volume of customer quote requests.
Researchers at Johns Hopkins Bloomberg School of Public Health have created a safety database on 10,000 chemicals registered in Europe for predicting the toxicity of many of the 90,000 or more other substances in consumer products.
Challenge: Wide transportation footprint; Different ERP systems across multiple platforms; Gaps in existing transportation network; Maintain core competency of steel-making/processing; Maintain quality/safety culture; Consolidating transportation metric source data
On the back of low bunker prices and more newbuildings to be delivered in 2016, chemical shipping freight rates for both contracts of affreightment and spot cargoes will be under pressure throughout 2016, as there are some new operators looking to break into the long-haul trade routes, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.
The latest supply-chain news, analysis, trends and tools for executives in the chemicals and energy industries. Learn how chemical and energy companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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