Sponsored by: Dassault Systèmes
Accelerated product life cycles, evolving customer demands, volatile feedstock pricing, and shifting regulatory pressures are increasing the need for chemical manufacturers to evaluate their approach to formulation management. Indeed, the need for effective formulation management extends across the chemical manufacturing value chain as it impacts everything involved in the development and manufacture of chemicals. The rapid pace of change in the market is driving companies across manufacturing industries to create a culture of innovation. This push toward innovation is forcing chemical manufacturers, which supply materials and products used in the vast majority of manufactured products, to become faster and more efficient in their own innovation processes in order to speed time to market of new products and to do so cost effectively.
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