How a Bulk Chemicals Company Identified Its Supply & Demand Triggers and Integrated Them for Profitable and Sustainable Growth?

The company was started in 2018 to provide wealth management services such as financial and accounting services, tax services, investment advice, legal or estate planning, and retirement planning. The company officials decided to start their new venture in fintech. During the early years, the company was doing well. But as time passed, the company started facing losses for many reasons. OThe bulk chemical company was established in July 1998. It had accomplished a strong market for its products in a short span of time. In February 2000, anticipating a lucrative market scenario of advanced materials it proceeded to take its next big step by plunging into the production of bulk chemicals for the production of oil & gas products. However, in 2022, the global economy recorded slow growth and China registered a GDP growth of 3% year-on-year. International oil prices fluctuated widely, with a sharp rise in the first half and a remarkable drop in the second half. Domestic demand for natural gas, petrochemical goods, and oil products was poor due to a variety of issues. Apart from that, the company being new in the business was not able to anticipate the demand for oil prices and the slack market of the bulk chemical it produces. The preferences of the clients and the specific demands of bulk chemicals in the production of oil & gas production, crude oil production, natural gas production, etc. This led to overproduction of less needed materials and missed sales opportunities of the ones high on demand. The excess inventory of unsold materials resulted in financial losses to a huge extent. This major setback in the very 2nd year of the company’s new venture, made the authorities turn to Research Nester to act on their behalf to find out a solution for the problem.ne of the most important reasons for the loss was security and fraud. Being a technology-oriented service, it was facing security issues. Moreover, the service was also not maintaining regulatory compliance. However, the company was not able to retain its customers. The company soon realized that it would need expert advice to overcome these problems. The company officials then reached out to Research Nester to seek help and guidance. The consultants at Research Nester analyzed the problem and suggested some solutions that would help them regain their position in the market.