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Emerging Trends In The Petrochemical Industry
Changing market conditions are forcing batch-manufacturing facilities to modify the way they conduct business. The demand for software and hardware vendors to provide a higher level of batch automation is increasing. This demand is being fueled by a shortage of knowledge-workers coupled with the demand for flexible manufacturing environments. Industry standards for software and batch-control are emerging rapidly. These standards are helping to improve the interconnectivity of many products. E-commerce will be the area for growth during this decade. Many companies are already buying and selling products through business-to-business portals on the Internet. The ability for a company to respond to ever changing manufacturing demands will determine their success or failure in the future. The purpose of this paper is to discuss these business trends along with the impact of new standards on the batch industry. The paper describes several examples of companies that have been able to leverage infrastructure investments while successfully applying these emerging standards.
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