Chemical Industry Study: Operations Excellence 4.0

  • Silo mentality in chemical companies inhibits performance.
  • In many companies, operations strategy is confined to production, an overarching operations strategy rarely exists.
  • In two thirds of participating companies, operations strategy is not aligned with global business goals, in less than 50% of the companies operations strategy has a clear customer focus.
  • For improving operational efficiency the majority of participants applies operational excellence approaches, primarily LEAN and Six Sigma.
  • “Internet of things” and digitization will have a strong innovative impact on operations strategies and operational excellence initiatives.

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