Indian Chemical News (ICN), the most credible online media platform for the Chemicals, Petrochemicals, and Energy sector, is organizing ChemConnect 2023, a Conference on Chemicals and Petrochemicals Logistics and Supply Chain on October 13, 2023 at the Novotel Mumbai International Airport, Mumbai.

The main theme of ChemConnect 2023 is "Transforming To A New Better."

One can register as delegate for ChemConnect 2023 by clicking on the link (https://www.indianchemicalnews.com/chem-connect-2023/register.php)

Speakers for the Session on digitalization and automation in chemical logistics are: Dr. Vishal Choudhary, Dy. Industrial Advisor, DCPC, Ministry of Chemicals & Fertilizers; Samir H. Rawal, Vice President – APAC, Australia & New Zealand, Indorama Ventures IOD; Ranbir Chatterjee, Vice President - Deliver & SHEQ - South Asia, Linde; Deepak Keni, EVP – Digital, Strategy and Transformation, Deepak Fertilisers and Petrochemicals Corporation Ltd. The session is moderated by Pravin Prashant, Executive Editor, Indian Chemical News.

Digitalization and automation are transforming the chemical logistics industry by increasing efficiency, productivity, and accuracy while reducing costs and risks.

With the use of advanced technologies like Supply Chain Management (SCM) software, companies can gain real-time insights into their supply chain and improve the efficiency of logistics operations. Digitalisation also makes communication within the supply chain smoother and faster, reducing the chances of delays or errors. Secondly, sensor technology is being used to monitor temperature, humidity, light, pressure, and other conditions during the transportation and storage of chemical products.

Automation technologies like robots and automated storage and retrieval systems (ASRS) are being used to improve the speed and accuracy of chemical logistics operations. Automated systems reduce the chances of human error and enhance safety as well.

By using advanced analytics, data can be analyzed for pattern identification, operational insights, and forecasts, leading to optimized transport routes, real-time tracking and monitoring of chemical products while en route to the destination. Blockchain technology is being used to enhance transparency and traceability in chemical supply chains.

The session will discuss how digitalisation and automation are transforming chemical logistics operations, improving safety, increasing efficiency, and reducing risks.

India's chemicals logistics industry is witnessing phenomenal growth due to rising domestic consumption, increased exports, and the country's favorable geography for freight transportation. The global chemical logistics market was pegged at US $170.98 billion in 2020 and is expected to reach US $279.47 billion by 2026, with a CAGR of approximately 8% whereas the Indian chemical logistics market was valued at around US $1.1 billion in 2020 and is expected to grow at a CAGR of approximately 10% during 2021-2026.

The growth of the chemical logistics industry needs to be supported by an environmentally sound and socially responsible sustainable policy. Sustainability is the future for logistics and supply chain businesses. It is beyond going green and being environmentally friendly, it has an influence on manufacturing processes, starting from where raw materials are obtained, processes involved, use, and potential recycling of the product or service. The chemical industry has a crucial role in ensuring that chemicals are safely transported and stored while minimizing the impact on the environment. By implementing sustainable logistics practices, the chemical industry can create value, reduce costs, and contribute to a sustainable future.

The session will discuss industry's ability to anticipate, prepare for, and recover from risks and disruptions while ensuring continuity of operations, minimizing losses, and meeting customer demands.

Topics to be covered in the session include: Integration of new digital capabilities in storage, warehousing, and transportation; Intelligent management: Cloud data storage, IoT devices, automation, and AI; Increasing customer/supplier involvement; Redefining product; Digitized plant operations; Evolving role of value chain participants; Operational inefficiency; and Safety, security, and compliance issues.

The event is supported by Platinum Partner - Netradyne; Gold Partners - Zodiac, J M Baxi and Somaiya Vidyavihar University and Associate Partner - Moglix.

Indian Chemical News is an important online resource for news, views, analysis, trends, technology updates and interviews with prominent leaders in the Chemicals, Petrochemicals, and Energy sector. Our aim is to provide independent, authoritative, and interactive Chemicals, Petrochemicals, and Energy information, enabling our readers to make better-informed business and planning decisions. Our mission is to be India's most credible information portal for the Chemicals, Petrochemicals, and Energy industries.