The future of the energy and resources industry depends on its ability to reduce carbon emissions. Cost-efficient and low-carbon energy production, logistics, and consumption are pivotal for energy companies to accelerate their profitable transition to net-zero emission businesses by 2050.
In rising to the challenges brought about by the pandemic, the oil and gas industry has responded with extraordinary resilience and responsiveness. With the impact of pandemic forecasted to continue for a more extended period, most upstream energy companies are now in constant pursuit for proven, sustainable, cost optimization strategies and best practices to reduce logistics cost per barrel without adversely affecting the efficiencies in the long run. For most supply chain functions, this calls for responding to the following challenges that need strategies beyond tactical cost reduction measures:
The energy industry has weathered many storms and will come back stronger and more agile post-COVID-19. Now, more than ever, technology solutions can enable Energy & resources companies to be bold, think differently, and innovate, resulting in improved productivity and efficiency of logistics operations.