CATEGORY

Lab Chemicals

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Lab Chemicals Market Monitoring Dashboard


Supply Demand

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Lab Chemicals Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Lab Chemicals category is 18.50%

Payment Terms

(in days)

The industry average payment terms in Lab Chemicals category for the current quarter is 75.0 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Lab Chemicals Suppliers


    13,902
    Total Suppliers
    549
    Diverse Suppliers
    100
    Normalized Supplier Rating
    Lab Chemicals Supplier

    Find the right-fit lab chemicals supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    MERCK KGaA
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    1
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    54

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    50
    Social
    64
    Governance
    44
    6 Domains Performance (/100)
    Business behaviour
    55
    Human rights
    71
    Community Environment
    63
    Corporate governance
    43
    Human resources
    57
    Security Scorecard
    79

    Threat indicators
    C
    77
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    B
    80
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    F
    49
    Application Security
    Detecting common website application vulnerbilities
    A
    100
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    89
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    merckgroup.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    9
    Human Rights Issues
    1
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    9
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    11
    Fraud Issues
    3
    Labor Health Safety Flags
    2
    Regulatory Issues
    8
    Workforce Disputes
    1
    Sanctions
    0
    esg energy transition
    53
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    Lab Chemicals market report transcript


    Lab Chemicals Global Market Outlook:

    • CAGR growth rate: 7.3 percent between 2019 and 2025E
    • 2020E Market Value: $19.4 Billions

    Market Drivers
    • Surge in investments in the field of life sciences
    • The usage of lab consumables still continues to be a critical driver of this sector as per the innovation
    • End-users that conduct a high number of testing purchase the reagents that are required to run the tests, providing vendors an opportunity to generate revenue with the high quantity sales of reagents.

    Market Trends

    Accelarated Globalization:

    • Supply centers of the lab chemicals suppliers are shifting due to the advent of shale gas in the U.S. or coal to olefins in China. Also, demand centers are shifting due to a rapidly growing middle class in the emerging countries.
    • New market entrants drive shrinking lifecycles and rapid commoditization of products

    The Circular Economy:

    • Regulatory requirements significantly increase as the environmental impact of emissions and waste gets more and more evident.
    • Chemical companies are in greater need to respond to this, few companies are already extending their ecosystems with the purpose to establish end-to-end concepts

    Market State:

    • The demand for lab chemicals is expected to witness steady growth due to increasing investment in global R&D, increase in stem cell and biotechnology research and high usage in diagnostic and therapeutic applications. North America captures approximately 52 percent of the lab reagents market
    • The demand for ready to use reagents is growing in clinical laboratories as it minimizes calculation,
      dilution, pipetting errors and sample contamination

    Digitization:

    • It is seen that the chemicals companies in general plan to invest 5 percent of annual revenue on digitization over the next five years and nearly a third of them reported having already reached an advanced level of digitization.
    • These initiatives can produce near-term benefits across three primary business dimensions: operations, customer-facing, and organizational.