Ephraim Rabin, Parchem CEO, shared his perspective on Digital Transformation while speaking at LogiChem 2018

Ephraim Rabin, Parchem CEO, shared his profound perspective on Digital Transformation while speaking at LogiChem 2018.

The discussion focused on digital technology trends; including big data, cloud, artificial intelligence (AI), internet of things (IoT), blockchain and cobots.

As Ephraim alluded to, the world's stock of data is aligned closely with Moore's law, doubling every 20 months. Big data, advanced analytics and user optimized platforms are no longer ancillary. They are methods and tools that must be embedded across functions and operations of any company that wants to remain competitive – especially within the chemical industry.

If we look at the biggest chemical distributors today, we see a huge emphasis on this digital transformation. Brenntag’s 2016 management presentation stresses the importance of the “digitization of Brenntag”; Univar has invested a significant amount of time in its “e-distributor” sub-website, Chempoint.com; and last year, Nexeo Solutions leveraged partnerships and integrations to stand up two digital services for customers to interface with.

At Parchem, we are a leading global chemical and raw material distribution company that specializes in tech-enabled marketing and operations. As such, we put a substantial and growing percentage of revenues and efforts towards our digital transformation. We incorporate data management, advanced analytics, automated workflow and machine learning best practices to make sure that we stay ahead of the trend. With this ethic, we have evolved to become one of the most lean and efficient chemical distribution operations in the world. We have the chemical and raw material knowledge, reach and service that others do not.