Do not underestimate the little things!

In the European chemical industry Slow- & Non-moving stock will, presumably, represent between 0.5% and 2% of overall production volume. This percentage is influenced by type of industry and position along the value chain. Although the number for each individual company is small and manageable, for the industry altogether it constitutes a growing burden.

With increasing pressure on margins and competitiveness, preventing the potential waste disposal of these chemicals is not only important from a financial, but also from an environmental point of view.

Financially there are several factors that contribute to the impact of these slow- and non-moving materials:
-         Production Cost
-         Warehousing and Logistics
-         Disposal Cost
-         (upcoming) Carbon Taxation

In addition, the environmental impact is mostly governed by:
-         Resources utilised for production
-         Energy consumption during warehousing and logistics
-         GHG emission from waste disposal processes

New digital services will evolve the industry and improve its competitiveness, by enhancing collaboration across ecosystems and the development of new business models and channel to the market.

In conclusion, the little things are an opportunity to embrace the challenge as an industry community and collaborate to strengthen growth and competitiveness.

Our vision is clear, reduce the waste disposal of slow- & non-moving stock.

Interested? Join us today!