Industry 4.0: Impact on Indian Petrochemical business

Industry 4.0 typically known as the Fourth Industrial Revolution (hence the 4.0) is an advanced amalgamation of innovative processes and developments that integrate new technologies and fit them in with the industry standards that manufacturing sector follows to serve the dynamically moving markets.

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Adopt Scenario Planning to address uncertainties of the future

Developing long-term strategy for an organization requires establishing views about the future and charting out coordinated actions and implementation plan to achieve desired goals. We are all, in general, heavily influenced by conditions in the present and our belief systems predisposed with what we have seen or read about in the past; so while articulating our views about future, majority of us as forecasters extrapolate from the past.

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