ISG to Evaluate Agribusiness, Chemicals Service Providers
14 November 2024 - 7:00PM
Business Wire
Upcoming ISG Provider Lens™ report will look
into the unique capabilities of service providers supporting two
closely aligned industries
Information Services Group (ISG) (Nasdaq: III), a leading global
technology research and advisory firm, has launched a research
study examining technology solutions providers supporting the
closely aligned agribusiness and chemicals industries.
The study results will be published in two comprehensive ISG
Provider Lens™ reports, called Agribusiness and Chemicals Services
and Solutions 2025, one covering the U.S. market and the other the
Brazil market, scheduled for release in April 2025. The reports
will assess providers of consulting, implementation and
integration, supply chain and logistics, sustainability and
innovation, and digital IT/OT services. Providers are expected to
leverage technologies such as AI, ERP, IoT, advanced networks,
blockchain, analytics and automation while prioritizing
cybersecurity and data orchestration, to optimize the agribusiness
and chemicals value chains.
Enterprise buyers will be able to use information from the
reports to evaluate their current vendor relationships, potential
new engagements and available offerings, while ISG advisors use the
information to recommend providers to the firm’s buy-side
clients.
The global economy has continued to pose significant challenges
to the agribusiness and chemicals sectors, as evidenced by a
production decline for U.S. chemicals producers in 2023.
Nevertheless, the industry is expected to resume a healthy growth
pattern, overcoming the hardship of an extended inventory
destocking cycle, to post anticipated 2.2 percent annual growth for
2024, and projected 1.9 percent annual growth in 2025.
Agriculture, meanwhile, has averaged 12 percent annual growth
over the last two decades in markets such as Brazil, where
agriculture represents 30 percent of the country’s GDP.
“Agribusiness, in markets like Brazil, requires more technology
applications across the value chain, including integration of
IT/OT, field sensors and multifrequency networks,” said Iain
Fisher, director, ISG Provider Lens Research. ”Meanwhile, our
research finds about half of the chemicals industry had embarked on
digital transformation programs by the end of 2022, and more than
60 percent of those companies reported positive results. In both
industries, AI will play an increasingly important role in helping
companies optimize their value chains.”
ISG has distributed surveys to more than 80 providers serving
the agribusiness and chemicals industries. Working in collaboration
with ISG’s global advisors, the research team will produce seven
quadrants representing the agribusiness and chemicals services the
typical enterprise is buying based on ISG’s experience working with
its clients. The seven quadrants are:
- Digital IT/OT Services — Agribusiness assessing
providers of services designed and implemented specifically for the
agribusiness supply chain. These include multifrequency or
satellite field communications networks, cloud data platforms and
analytics, remote sensors and satellite imagery, AI monitoring, and
geolocation and telemetry services.
- Digital IT/OT Services — Chemicals evaluating providers
of technology and operations management services driven by
automation, AI, cloud, data management, asset optimization and
management analytics, IT/OT integration, ERP services and
solutions, and infrastructure services. These services enable
chemical companies to improve efficiency and productivity in daily
operations while enhancing decision-making.
- Supply Chain and Logistics — Agribusiness examining
providers that offer services focusing on processes, technologies
and implementation services for value chain management. Providers
in this quadrant must address complex agribusiness issues, identify
growth opportunities and strengthen operations through resilience,
agility and sustainability.
- Supply Chain and Logistics — Chemicals focusing on
providers of solutions that help chemical producers manage
functions such as procurement, warehousing, inventory, fulfillment,
transportation and logistics. Services help the chemicals industry
build and maintain supply chains that are resilient, adaptive,
connected, data-driven and sustainable.
- Sustainability and Innovation — Agribusiness assessing
providers that support sustainable agribusiness operations, through
consulting, solutions implementation and monitoring. Providers in
this quadrant assist their clients in simplifying and innovating
operations, to optimize resource consumption and reduce
environmental impact through sustainable business practices.
- Sustainability and Innovation — Chemicals evaluating
providers helping the chemicals industry address sustainability and
innovation challenges while delivering value that can help
companies achieve competitive advantage at scale. Providers in this
quadrant help deliver and manage value chain management strategies,
net-zero transitions, reporting and analytics, worker safety,
R&D, lab management and data management.
- Strategy and Enablers — Agribusiness focusing on
providers of process and technology implementation and consulting
services to support business strategy and governance. These
services address complex and strategic organizational issues,
identify growth opportunities and strengthen operations.
Geographically focused reports from the study will cover the
global agribusiness and chemicals markets and examine products and
services available in the U.S. and Brazil. ISG analysts Mohdaves
Malik (U.S.) and Sidney Mobre (Brazil) will serve as lead authors
of the reports.
A list of identified providers and vendors and further details
on the study are available in this digital brochure. Companies not
listed as agribusiness or chemicals service providers can contact
ISG and ask to be included in the study.
All 2025 ISG Provider Lens™ evaluations feature expanded
customer experience (CX) data that measures actual enterprise
experience with specific provider services and solutions, based on
ISG’s continuous CX research. Enterprise customers wishing to share
their experience about a specific provider or vendor are encouraged
to register here to receive a personalized survey URL. Participants
will receive a copy of this report in return for their
feedback.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only
service provider evaluation of its kind to combine empirical,
data-driven research and market analysis with the real-world
experience and observations of ISG's global advisory team.
Enterprises will find a wealth of detailed data and market analysis
to help guide their selection of appropriate sourcing partners,
while ISG advisors use the reports to validate their own market
knowledge and make recommendations to ISG's enterprise clients. The
research currently covers providers offering their services
globally, across Europe, as well as in the U.S., Canada, Mexico,
Brazil, the U.K., France, Benelux, Germany, Switzerland, the
Nordics, Australia and Singapore/Malaysia, with additional markets
to be added in the future. For more information about ISG Provider
Lens research, please visit this webpage.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading
global technology research and advisory firm. A trusted business
partner to more than 900 clients, including more than 75 of the
world’s top 100 enterprises, ISG is committed to helping
corporations, public sector organizations, and service and
technology providers achieve operational excellence and faster
growth. The firm specializes in digital transformation services,
including AI, cloud and data analytics; sourcing advisory; managed
governance and risk services; network carrier services; strategy
and operations design; change management; market intelligence and
technology research and analysis. Founded in 2006, and based in
Stamford, Conn., ISG employs more than 1,600 digital-ready
professionals operating in more than 20 countries—a global team
known for its innovative thinking, market influence, deep industry
and technology expertise, and world-class research and analytical
capabilities based on the industry’s most comprehensive marketplace
data. For more information, visit www.isg-one.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241114274985/en/
Will Thoretz, ISG +1 203 517 3119 will.thoretz@isg-one.com
Julianna Sheridan, Matter Communications for ISG +1 978-518-4520
isg@matternow.com
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