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Artificial Intelligence is currently transforming many industries, and it is also gaining importance in laboratories to make LIMS applications even more powerful.
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The total turnover of the global chemical market in 2020 was around 3.5 trillion euros. This makes the chemical industry one of the largest industries in the world.
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The COVID-19 pandemic threw supply chains around the world out of rhythm and exposed sensitive weaknesses in the reliability of traditional procurement processes. The current conflict in Ukraine will also lead to long-lasting supply problems of key raw materials (among other tragic, far-reaching consequences).
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The chemical industry was hit hard by the Covid-19 pandemic and the simultaneous drop in oil prices. Some companies had to reduce their production to 40%-60% due to labor shortages and disruptions in raw material supply chains. Sales problems in other industries and travel restrictions also reduced demand for chemical products.
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