Date:
15. June 2022
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Networking in the plastics industry

Networking in the plastics industry is a global task. Read more in this blog article.

Plastics industry

Networking in the plastics industry – a global task

The 600 billion euro global plastics industry is highly fragmented and comprises millions of companies worldwide. Topics such as sustainability, circular economy, improved production processes, better energy management or the reduction of waste require cross-industry approaches that break down existing barriers and isolated solutions, make use of technological innovations and still support the companies' individual strategies.

One vision – sustainably improving results and creating solutions

All over the world – whether in Germany, Austria, Italy, China, India or the USA - innovative companies from the plastics industry are working towards one goal: to create solutions for customers and at the same time sustainably improve results.


The potential that arises from uniting and connecting knowledge, innovations, data or communities on a global level is enormous. But how can goals such as networking, integration and interconnectivity be achieved while at the same time protecting the individuality of the company and its strategy?

To make this possible, three key challenges must be overcome:

  1. Connecting technologies or integration solutions that are easy to use for both large and small enterprises and a wide variety of vendors; but at the same time, is flexible and open to allow differentiation from the competition.
  2. Build a network with a concentrated focus on the relevant players in an industry – which is not only the big names, but also young companies – that can enrich the market with innovations.
  3. Build an ecosystem that combines technology, network and solutions in an uncomplicated way.

1. Connecting data & information is the rule not the exception

Many companies are investing in digitalization for a sustainable future. Whether through the establishment of smart production to increase efficiency and effectiveness, digital solutions for energy optimization and reduction of CO2 emissions, or the development of new data-based business models. In the plastics industry in particular, exists a high potential but also great commitment on the part of the companies.

To achieve this, a wide variety of processes would have to be digitalized, software introduced and systems replaced. However, the requirement that "everything is connected and fits together" often means that these projects are either cost-intensive and inflexible or do not even come about at all. Different use cases require different solution approaches and corresponding applications. But no application can always do everything in a heterogeneous and changing environment. For digital solutions, this means that applications must be flexible in their use and capable of exchanging and (permanently) synchronizing data among themselves.

Connecting technologies offer manufacturer-independent standards for the exchange of data – and, at best, applications, hardware-as-a-service and digital services are already pre-integrated for the customer. This presents advantages for both sides. Instead of finding an individual integration solution for the customer's shopfloor, for example, they use connecting technology. In many cases, these already cover the most relevant use cases. For app providers, connecting technologies reduce customer-specific integration costs, because once a solution has been integrated, the same integration can be offered to all other customers. For small and medium-sized enterprises in particular, this reduces the investment risk and simplifies the modular entry into individual digitalization.

 

2. Digital networks are the future

The ability to quickly identify new partners, ensure product traceability, create new business models, offer improved service and connect people, machines and innovations is crucial. Producers, suppliers, technology partners, visionaries and experts - such a network is a prerequisite for innovation.

For example, young companies often develop breakthrough innovations and products, but lack the right supply chains and partnerships due to a lack of establishment in the plastics sector. However, these are needed to achieve success with products and to implement visions of these. Through platforms that enable young companies to network and establish contacts, even unusual ideas and business models can be implemented profitably. The companies are practically granted access to the market, which is reserved for the biggest players in the plastics industry. The big players, in turn, are given access to innovations.

The idea is to use digital platforms to find the right trading and technology partners and thus develop partnerships that guarantee the success of the ideas. The search is not only to be made easier, but also to be expanded. The result is that international collaborations are made possible and one finds exactly the partner that is tailored to one and thus comes closer to the goal without major compromises.

App recommendation

 m-hub - mobile app for the plastics industry

Solutions like m-hub address precisely this building block: a digital network for the plastics industry. The plastics supply chain is a highly complex, diversified sector that includes hundreds of thousands of companies.

m-hub is a mobile app that helps companies stand out across the plastics world. With more than 10,000 companies and 18,000 experts, the m-hub app allows companies to showcase their services, capabilities and products in more than 100 countries, while providing a powerful search engine to filter potential suppliers through the largest and most up-to-date database in the world.

m-hub

3. Create an ecosystem that connects everything in an uncomplicated way.

What is meant by an ecosystem and how does it benefit the plastics industry? It is, simply explained, a system in which companies and people cooperate. Thy act independently but expect to gain a mutual advantage from participating. Part of the cooperation are platforms and technologies that support it. Through the aspect of technology, we speak of a "digital ecosystem." A digital ecosystem is created, for example, by combining smart, connected products. In the plastics industry, this could consist of an injection molding machine combined with a granule deduster, the machine's various molds, and logistics conveyor belts. The overall benefit comes from the combination of the platforms and a large set of partners that form the relevant ecosystem for mutual advantages and benefit from network effects through their interactions.

m-hub has already created an ecosystem in the plastics industry. Its network is covering the plastics supply chain. By cooperating with ADAMOS, there is an opportunity to expand this: ADAMOS offers the chance to connect multiple ecosystems. By combining the m-hub network with, for example, a recycling or a metal processing ecosystem, companies can operate across industries, tap into new markets, and thus take advantage of new opportunities.

For the plastics industry, this means that in order to enable networking, integration and interconnectivity in the plastics industry sector, connecting technologies must be created as a basis, networks must be used and ecosystems must be connected.

ADAMOS ­– B2B like B2C

We believe that the data sovereignty of each individual industrial company only leads to exponential added value through the exchange of data. And that therefore networking and access to data supports the company's potential. ADAMOS provides connecting technology and an marketplace, enabling industries to create an open and focused ecosystem.

The ADAMOS STORE – as a multi-vendor, digital marketplace – enables companies to access digital industry solutions. m-hub, as a one-stop solution for the plastics industry, is one of them. The combination of m-hub and ADAMOS offers the plastics industry a number of specific benefits:

  • An integrated unique portal for the plastics industry.
  • Extended reach to reach even more experts in the plastics industry
  • Promotion of network effects through several services integrated in ADAMOS
  • Open approaches for further integration with other applications and services

Register now! Use ADAMOS and benefit from the many advantages for your company.

ADAMOS STORE m-hub 

 




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