Optimising Supply Chains: The Visible Impact of Elemica's Digital Supply Network
Elemica is a leader in the digital connectivity between manufacturers, suppliers, logistics providers, and customers. High visibility into the supply chains provides a level of fact-based insights that greatly facilitates optimization. Rich Katz, CEO of Elemica, shares his personal view on the Elemica story.
We are grateful for the opportunity to interview you, Mr Katz. The digital sector is experiencing rapid changes and disruptions that are constant and the competition continues to increase. What is on your mind each day?
Industries markets are constantly changing. Business is changing. Beyond corporate strategy, it is important to consider changing geopolitical and economic, trade, regulatory, climate, and regulatory dynamics. As their business models change in response to external factors, our digital solutions offer a solid foundation. Our clients can be flexible enough to adapt to market changes by ensuring that the right data architecture is in place. Our solutions allow clients to respond to customer needs and provide the complete customer experience B2B customers demand.
Elemica can grow internally through changing business dynamics. B2B is moving towards omnichannel business models. Enterprises want to be fully involved in the B2B customer experience and manage every aspect of it.
Enterprises want to be fully involved in the B2B customer experience and manage every aspect of it.
My top concern is how Elemica can capitalize on this trend to allow it to grow in multiple dimensions. What are the technology platform perspectives on this omnichannel shift? What will this mean for our clients' customer ordering and service experience? What opportunities does this shift offer Elemica for revenue growth in new vertical markets or geographic expansion? How can I use this paradigm to generate new direct and indirect sales channels? How do I manage these opportunities for growth most efficiently, effectively, and pragmatically? These are the top priorities for me.
Elemica was established in 2000. The company has expanded to connect world-leading manufacturers with thousands of suppliers and customers around the globe. Please tell us about the beginning of Elemica. What were the most significant milestones in its success?
Over twenty chemical companies joined forces in 2000 to improve visibility and efficiency of global supply chains. Elemica was born out of this initial strategy.
Following the merger with RubberNetwork, Elemica announced that a new management team was being appointed in 2010. The new team combines industry veterans with the vast knowledge and experience that Elemica has gained to be a leader in the digital supply chain market.
Thoma Bravo made a significant investment in 2016 to ensure the next-generation of digital supply networks, applications, and acceleration into other markets. The company had over 500 clients around the world. Market success and substantial profitability enabled the development of digital transformation solutions such as blockchain, AI, and the Internet of Things. International investment houses were attracted to Thoma Bravo's market recognition by industry consultants, which led them to release their investment sooner than expected. The 2019 exit sale was a success.
Elemica is now part of Eurazeo, an international investment company based in France. Elemica will benefit from this partnership with Eurazeo, which will allow it to expand into new industries with its growing software product portfolio.
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It can be very detrimental to your health. It is impossible to avoid it all, but there are ways you can reduce the effects. Do not take on too many responsibilities. Set limits for yourself and others. It is okay to say no.
To relieve stress, try:
Deep breathing
Meditation
Yoga
Massage
Exercise
Healthy eating
Talking to a friend or family member.
Develop healthy habits
You can prevent problems from coming your way tomorrow if you make the right decisions today.
Brush your teeth twice daily and floss each day.
Don't smoke.
Limit your alcohol. Limit your alcohol intake to 1 drink per day.
Take your medication exactly as prescribed by your doctor.
Get better sleep. Try to sleep for at least 8 hours. Talk to your doctor if you are having trouble sleeping.
Keep out of direct sunlight between 10 a.m. and 3 p.m.
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