14-15 September 2020, Online Interactive Conference
The coronavirus phenomenon is affecting every business across the global and the most injured is supply business because logistics and transportation were frozen; Chinese manufacturers and businesses have been shut down. The price of oil barrels has gone negative and the demand for oil is stagnant. What the oil and gas companies are doing right now is trying to lay off many of their employees, reduce the cost of operations but still ensure that the supply chain process is going properly.
Being aware of the risks of and to supply chain and all the technologies that support the continuity of oil and gas supply chain will be critical for all businesses moving forward. Viewing companies as a “pass through,” starting with materials and components from their suppliers and then moving new product through to customers, shows how this balanced process works. Any disruption to supply or demand will require a shift in a company’s strategy, production volume or procedures (like corona).
This TBM Evolution event will enable participants to debate in the most concerning challenge in the industry and identify digitalization as the solution to procurement and supply chain management issues.