Dependence on automation in warehousing and manufacturing is likely to increase and global MNCs will relook at current supply chain dependency on China, may diversify their sourcing benefiting Indian chemical industry.
India needs to fast-track its plans to be a self-sufficient nation with regard to chemicals, as it is important to bridge the gap to cut down foreign dependence for essential raw materials
Organisations need to develop capabilities to automate operations as much as possible and enable remote experts to address production plans, needs and interruptions
The company can foresee challenging days ahead with steel and aluminium sector having tough times however it has the advantage of being integrated with steel plant for sustenance of its resources
The industry need to collaborate, co-operate and work together as a team to strengthen the entire eco-system
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