Buying heads online—slowly
Staff -- Purchasing, 4/4/2002
Companies that buy chemicals and chemical raw materials, are, for the most part, still struggling with how they might deploy new technology tools both to buy more effectively and to integrate their operations and information flows more closely with custom chemical manufacturers. Not surprisingly, smaller chemicals-consuming companies are proving both more aggressive and more agile at the deployment of e-procurement, e-sourcing and other Internet-based supply chain integration technologies.
While the pace of technology adoption will be slow across the board, every chemicals-consuming segment surveyed by PURCHASING shows at least a rising trend through 2003. Pharmaceuticals and nutraceuticals, agriculture and mining, food and beverages stand out as the most aggressive future adopters of electronic buying technologies.
| 1999 | 2001 | 2003/f | Trend | |
| Total | 0.5% | 0.9% | 3.4% | up |
| By size | ||||
| Big | 0.0% | 0.3% | 2.2% | up |
| Small | 0.6% | 1.1% | 3.7% | up |
| By industry served | ||||
| Agriculture & mining | 0.6% | 2.6% | 8.0% | up |
| Adhesives & sealants | 0.8% | 0.7% | 2.5% | up |
| Paints & coatings | 0.2% | 0.5% | 1.8% | up |
| Plastic resins | 0.0% | 0.1% | 2.1% | up |
| Food & beverages | 0.0% | 0.6% | 7.5% | up |
| Fuels & petrochemicals | 0.0% | 0.2% | 1.8% | up |
| Industrial gases | 1.0% | 0.9% | 2.3% | up |
| Personal care & cosmetics | 0.0% | 0.7% | 2.7% | up |
| Pharmaceuticals & nutraceuticals | 2.8% | 4.1% | 8.9% | up |
| Pulp & paper | 0.0% | 0.2% | 2.5% | up |
| Soaps & detergents | 0.0% | 0.6% | 1.9% | up |
| Water treatment | 0.0% | 0.2% | 0.9% | up |
| SOURCE: PURCHASING MAGAZINE |
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