The rising imperative to reduce costs and increase efficiency
The chemicals industry operates in an increasingly challenging environment. Rising and unpredictable costs for raw materials and energy as well as the cost of labor create considerable pressure to reduce expenses. At the same time, maintaining high levels of efficiency is crucial to meeting production targets and building competitive advantage.
Balancing this tension between cost and efficiency requires a step change in how companies manage the health and performance of their assets. They must maximize the performance and output from their assets while also optimizing maintenance spend. This must also be achieved with careful risk management to ensure the safety of people and the environment.
In this guide, we explore how advances in asset health can help by enabling companies to reduce costs, boost efficiency, and achieve peak production.