1 / 19

2018 Predictions for Process Manufacturers

Manufacturing is one of the high growth sectors in India. Year 2018 has started with some expectations, wishes, apprehensions and speculations that may directly or indirectly have an impact on manufacturing sector. Read on to get Industry-wise predictions for process manufacturers in the coming year.

bmIndia
Download Presentation

2018 Predictions for Process Manufacturers

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 2018 Predictions for Process Manufacturers in India

  2. An Overview • Introduction • The IDC Report • Predictions : i. Food and beverages ii. Pharmaceuticals iii. Paints and coatings iv. Specialty chemicals v. Cosmetic and personal care • Conclusion

  3. Introduction 1 • Manufacturing is one of the high growth sectors in India. • Ranked 6thamongst the world 10 largest countries, India is moving towards its goal of making 25% GDP by 2025 • Manufacturers are finding innovative ways with top quality products to lead the market place • For process manufacturers, formulas and manufacturing recipes are key to success • They include : Pharmaceuticals, Food and Beverages, Paints and Coatings, Specialty Chemicals and Cosmetics & Personal Care

  4. The IDC Report 2 • Advanced technologies such as analytics, Internet Of Things(IoT), Artificial Intelligence (AI) and social collaboration will gradually reign • Customization scaling will be customer’s choice and companies would work for it • Majority of supply chain interactions will happen across cloud- based commerce networks • Use of industry clouds, business analytics, big data, business intelligence, block chain will enhance the supplier capacities • Rebalancing the critical supply based on capabilities rather than units and quantity would be initiated • New and improved product designs through cloud crowdsourcing, virtual reality and product virtualization will improve success rates.

  5. Predictions 3 • Year 2018 has started with some expectations, wishes, apprehensions and speculations, that may directly or indirectly have an impact on manufacturing sector. • Read on to get Industry-wise predictions for process manufacturers in the coming year.

  6. Food & Beverages 4 #1 Going Natural : • Increased awareness of health will focus on making top quality products with nutritional benefits • “Natural” and “ functional” terms will be added to meet customer demands • Growth slated in terms of volume can be increased by 10% #2 Process Automation : • Process automation will be a key to success for processing plants • Operational efficiencies and customer order fulfillment will improve • Enhancement in quality would help business processes transform • Automating processes will reduce human intervention and human time

  7. Food & Beverages 5 #3 Alternatives consumption will rise : • Gradual increase in dairy alternatives due to consumption of soya, coconut, oat and hemp milk can be observed • Projected growth can be expected by 10% in substitute products of dairy #4 Food safety testing services will soar : • Safety concerns will rise very high • Strict food testing to outbreak food illness will be considered on priority • Increasing global food trade will enforce strict food safety regulations • Development of advanced technologies will rise for testing services • Expected growth estimation can be at a rate of 8.0%

  8. Pharmaceuticals 6 #1 Focus on specialty drugs and rare diseases : • Rise on orphan drug development for rare diseases • New strategies will be developed to promote quick access and reimbursement • $240 billion pharmacy revenue generation for specialty drugs by 2021 can be estimated #2 More M&A : • Drug patents with high whopping amounts will expire • Replacement of revenue loss will call for smart strategies to run in the race • Can lead to new mergers & acquisitions, new products, expansions and rebranding

  9. Pharmaceuticals 7 #3 Technical breakthroughs : • Growth of technology will rise in this sector • Molecular engineering, gene editing and genomic technology will help in eliminating complex diseases such as cystic fibrosis #4 Increase in generics : • With patents getting expired, there will be more generics than ever before • Lenient guidelines will make more generics getting approved • Prices will gradually decrease forcing traditional pharma companies to focus on innovations

  10. Paints & Coatings 8 #1 Rise in industrial coatings : • Infrastructural impetus and the boom in the industrial sector is likely to drive GDP growth • Consumption of industrial coatings would increase by industrial project on full swing mode #2 Rise in decorative & automotive coatings : • Tremendous rise in ability to spend amongst growing middle class people could be seen • Adding a major thrust to housing demands as well as automotive sales • An emerging growth in mega cities and large villages can be visible in this segment

  11. Paints & Coatings 9 #3 Focus on greener products : • Adoption of go-green strategies will be considered • Customers will prefer using eco-friendly paints • The industries will be pushed to go for creating greener and safer products #4 Lower VOC paints : • Issues related to climate change and environment concern will continue to affect the companies • Strict rules pertaining to VOCs( volatile organic compounds) can be regulated over this year

  12. Specialty Chemicals 10 #1 Accelerated demands : • Demand centers will shift from global countries to growing countries such as India • Rise in demand will be seen getting enormously high to which the Indian manufactures have to respond • Can be a rapid growth year as more opportunities will arrive for chemical segment #2 Safe products : • Scarcity of raw materials will make regulatory requirements more stringent • Actions will be taken to reduce the impact of industrial waste and emission on environment • Integrated eco friendly system for manufacturing process will be preferred

  13. Specialty Chemicals 11 #3 Digitalization : • Digital technology will offer unparalleled support in accessing, processing and analyzing data • Cloud, IoT and block-chain will be the game changers for chemical industry #4 Value over volume : • Focus on increasing value by improving overall performance will be added • Revamping customer offerings, differentiated service levels, achieving pricing excellence will drive sales efficiency and results

  14. Cosmetics and Personal Care 12 #1 Focus on going green : • Customers will prefer environment friendly products rather than chemical ones • Purchase activity pattern may change due to choice preferences between customers • Customers will choose a product with knowledge of raw material and source origin • Manufacturers may avoid animal skin material, implementing go green strategies #2 Innovation and Technology : • Use of technology to create innovative products with least impact on the environment will be scrutinized • Natural resources can used as a raw material to exhibit the go green effect

  15. Cosmetics and Personal Care 13 #3 Men care : • Grooming will increase the customers of male population • Use of skin care and hair care products will improve the market share • Companies may introduce more products to cater the urban Indian men’s need #4 Products for HD beauty generation : • Social media strategy will remove the gap between celebs and the common people • Exposure of the products that celebs, artists and experts use would be showcased more on social media • High definition solutions will be in great demand • Beauty brands will fulfill the needs, which the customer demands for

  16. Conclusion 14 • Year 2018 will be a year of transformation for manufacturing industries. Businesses will adopt the changing times and technical enhancements at a high pace • Irrespective of all the predictions, what holds the key for process manufacturers is Enterprise Resource Planning software (ERP) • ERP will keep on playing an integral role for businesses, managing all operations and fulfilling complex needs • Who can be better than BatchMaster to understand the needs of process manufacturers? Contact us now.

  17. About BatchMaster 15 • • 30+ years of experience 7 offices round the globe • • ERP software for small to mid-sized industries Available in 3 languages- English, Chinese, and Spanish • • SAP B1 and Microsoft certified solution Original developer of formulation system in ERP • • Over 40,000 users worldwide Consistent record of never exceeding implementation time of 350 to 500 hours • Headquartered in California, with footprints across the world • A global presence with offices in 3 continents- North America, Australia, and Asia

  18. References 16 • To know more about all predictions that can occur in the year 2018, read our white paper on 2018 predictions for process manufacturers in India • To get an insight of our products and services, log on to : www.batchmaster.co.in • Have any query or want to connect with us, email us at : sales@batchmaster.com

More Related