Formulators can now harness the power of digital platforms to support informed decisions, accelerate innovation, save time, conserve resources, and enhance efficiency. This article offers insights into achieving digital transformation in a traditional industry, including strategic vision, team building, governance, talent development, and value demonstration.
Results included record first quarter Housing and Infrastructure Products (HIP) income from operations, and Performance & Essential Materials (PEM) sales volume growth.
The company was able to increase its sales volumes, in particular within the EMLA and APAC regions, with the former benefiting from higher plant availability. Due to lower average selling prices associated with lower raw material prices being passed on to customers, sales fell slightly.
According to the CEO, "Dow once again delivered top-quartile performance in our annual benchmarking on three-year average cash flow, margins, return on invested capital and shareholder remuneration."
Although sales are still down since the previous year, the good start into the year gives the company confidence that it can achieve its targets for the fiscal year.
The MarketsAndMarkets report explains that rising infrastructure development in developing economies, and aesthetically appealing materials in vehicle interiors, serve as significant drivers for innovation.
The global water-based coatings market is projected to experience a steady compound annual growth rate in the coming decade. The evolution of resin, additive, and pigment technologies further propels the adoption of water-based paint and coatings, globally. Read about some of the insights into the projected rise of waterborne coatings.
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