The differences between commodity, fine, and specialty chemicals can be likened to the differences between commodity crops like rice, delicacies like caviar, and Michelin star dishes: commodity chemicals are produced on a large scale for low prices, fine chemicals are manufactured in much smaller amounts sold for much higher prices, and specialty chemicals are compounds of fine and commodity chemical “ingredients” mixed together in specific proportions to serve one specific purpose.
Although many chemical companies have begun to move towards a more specialized portfolio, these fine and specialty chemicals will never fully be able to replace commodity chemicals – after all, you can’t cook award winning risotto without rice. Likewise, without the commodities as feedstock, no company would be able to produce their specialty offerings. In most instances, the sale and distribution of these basic chemicals comes down solely to market price – products are fungible, nearly indistinguishable from one supplier to the next, so cost is the biggest mitigating factor. As such, manufacturers of commodity chemicals must always be experimenting with ways to lower their production costs so that they are able to pass those savings on to their customers.With 35+ years as a global search leader, Ropella has proven (many times over) to be well-versed at delivering the most advanced search execution capabilities, solving the most challenging needle-in-a-haystack searches, and managing talent selection and development as a primary asset for ROI.
As a bestselling author of The Right Hire and a highly-experienced practitioner, Patrick Ropella developed the SMART Search System®, regarded as one of the most well-respected, talent-centric executive search solutions available.
Enter your details below and we will be in touch!
Thank you for joining the Ropella community!