Company Performance Metrics
As one of the largest global markets, with an estimated size of $1.6 trillion, the chemical industry is experiencing a transformation through the emergence of B2B markets. Ongoing industry consolidation and constant pricing pressure are causing chemical industry participants to rethink their traditional ways of doing business.
The traditional
chemical industry supply chain is characterized by significant inefficiencies due to fragmented roles of participants. Today, industry participants are turning their attention to these inefficiencies as potential sources of savings.
Because of the current state of the chemical industry, the benefits from e-commerce - such as reduced time to market, increased transaction efficiency and customer intimacy, improved quality and greater supply chain collaboration - industry analysts predict that chemical industry B2B e-commerce will grow to $178 billion by 2003.
e-Chemicals, through its chemical, e-commerce and supply chain management expertise, is making its mark as the end-to-end e-supply chain backbone solution for the chemical industry.
