Expenditures Rise as Firms Seek IT Support

IT expenditures at chemical companies are expected to increase about 5.1% this year, to $7.5 billion, according to a recent study by Manufacturing Insights, a business unit of IDC (Framingham, MA). “Globalization and continually improving operating efficiencies continue to be the primary IT investment drivers for the chemical industry in 2008,” says Kimberly Knickle, program director at Manufacturing Insights. “IT will need to support projects that focus on: managing an increasingly complex supply chain; maintaining profits despite raw material...

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