Author: Noora Mukhtar, Research specialist
The chemical manufacturing industry is working in an increasingly complex environment, and in the field of supply chain operations, there are several technologies that have the potential to improve the way we operate the traditional supply chain, making it more efficient and cost-effective in the long run. Putting these technologies into practice requires time and organizational changes, and if supply chains are to stay competitive, they must constantly adapt and evolve. Furthermore, technology will help boost the productivity and decision-making of existing workers and attract new talent with state-of-the-art innovative means, thus lessening labor shortages and improving retention. Technology, from AI to blockchain, can help companies understand and diversify their supply chains, but not without collaboration across organizational and national borders. 96% of the Gulf chemical producers’ executives tell us that collaboration is the most important imperative for their supply chains. Therefore, this report showcases a comprehensive comparative analysis of the survey results of both GCC producers and Logistic Service Providers (LSPs) with the goal to identify any opportunities to enhance collaboration and enforce effective enablers across the value chain.