Indian Chemical News (ICN), the most credible online media platform for Chemicals, Petrochemicals, and Energy sector, is organizing a virtual session on “Securing Supply Chain for the Chemical industry” on July 22, 2022 in the second edition of ‘NextGen Chemicals & Petrochemicals Summit 2022’.

The two-day virtual Summit is organised on July 21-22, 2022 and the main theme is "Driving Sustainable Growth." One can register as a delegate for the virtual session by clicking on the link (https://nextgensummit2022.dreamcast.in/signup )

The speakers for the virtual session are:  Seema Kapur, Director – Logistics, Jubilant Ingrevia Ltd.; Dr. Ghanshyam Singh, Head of Purchase & Supply Chain Management, Cosmo Films Ltd., Daljit Singh, India Representative, Port of Antwerp-Bruges and Dr. Rafi Shaik, Founder & Chief Scientific Officer, Carbanio. Captain Ram Iyer, India Representative,                Haropa Port is the Moderator of the session.

Globally 96% of all manufactured goods depend on chemicals in a way or other. This offers great growth opportunities for chemical companies to grow. Chemical manufacturers, in order to secure a bigger pie in the marketplace, have created an extremely competitive landscape.

“Supply chains plays a crucial role in chemical company’s business transformation. These companies are making high demands from their supply chain partners to add value at every stage of their supply chain in order to support continuous production lines with effective storage solutions, cost-efficiencies, improved safety and compliance, customer loyalty and on-time deliveries,” Pravin Prashant, Editor, Indian Chemical News, said.

Global chemicals logistics market was valued at over US $ 265 billion in 2021 and is projected to be worth over US$ 371 billion by 2030, growing with 4% CAGR. As for the global chemical industry, the market size is currently valued at around US$ 4.5 trillion. This puts the chemical logistics market at approximately 6% of the global chemical industry market size.

However, despite promising market trends and micro and macro indicators, gaps in chemical logistics can severely constrain growth and development of the sector. Therefore, for the sector to realize this growth and for the country the much-talked about ‘Atmanirbhar’ (Self-reliance), enabling logistical infrastructure to support chemical industry growth will be a critical imperative.

“Trends that are shaping supply chain are: Customer centricity, Sustainability, Modernisation, Cargo-based supply chains, Push driven supply chains and Capturing new markets,” Prashant added.

The e-Session will help curate a comprehensive review of the chemical logistics sector, understanding the challenges as well as the opportunity that the segment offers. The key discussion points are:  Understanding Supply Chain market in India, strengthening infrastructure, Cost and competitiveness for the buyers/suppliers, Innovative business models enabled by digitization, Ensuring safety and transparency across the supply chain and Reducing esvironmental footprint and green logistics.