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has made key leadership changes to support the development of electric vehicles (EV) at scale, strengthen its internal combustion product line and transform the company’s global supplychain management. Doug Field was named chief advanced product development and technology officer. Ford Motor Co.
Companies in the oil and gas supplychain have gone from boom to bust in the past two years. Here are five strategies oil-field service and equipment companies are exploring to adjust to the changing environment.
“Domestic manufacturing of clean energy materials is expected to rise because of tariffs and the desire to reduce reliance on the international supplychain. The CHIPS and Science Act is creating an equal playing field in terms of production costs, Kang said.
Trucking Customers Want Visibility – Here’s How To Deliver With real-time awareness of shipment status, supplychain partners can be proactive in finding solutions and potentially avoid costly out-of-stock scenarios. Before we turn the page on the year, lets take a look back at our top 5 blog posts from 2019.
These tools also provide a shared source of truth to operational managers, on-site crews, third-party vendors, and logistics and supplychain partners. Rapid sharing of cargo shipping data In the field, oil and gas technology can enhance operational efficiency in every arena.
AI in Logistics and SupplyChain Management The oil and gas sector relies on complex supplychains, and AI is transforming logistics management. AI-driven algorithms optimize transportation routes, monitor inventory levels, and predict supplychain disruptions before they occur.
Each sector has distinct activities and focuses on specific aspects of the overall oil and gas supplychain. Assets: Upstream assets include oil and gas fields (land and mineral rights), drilling rigs, production platforms, and wells. What is oil and gas upstream midstream downstream?
Low-power sensors already help monitor oil and gas operations, but the true benefit of this real-time visibility will lie in data-driven decision-making throughout the supplychain. Its time to leverage real-time data for optimal decision-making throughout the supplychain.
We also saw greater attention being paid by companies to transparency and reducing friction costs within the supplychain. Our digital services help break down informational asymmetry between businesses, moving all RFx communication from thousands of opaque emails to a transparent and collaborative auditable digital platform.
Quietly, smartphone apps and the ability of accounting software to mine and analyze data from field monitoring systems have replaced paper forms, lost tickets and intermittent readings with smooth dataflow, real-time data, and real efficiencies. Nonetheless, it looks radically different than it did 10, even five years ago.
The broader energy industry has struggled with high costs, supplychain disruptions, and regulatory uncertainty in renewable energy projects. New oil fields and deepwater drilling initiatives will contribute to increased production. market, prompting a strategic retreat from the sector.
If investment does not increase, the world could face a serious oil supply crunch in the coming decades. 14) The IEA Ignores Faster Decline Rates in Oil Fields IEA assumes oil field decline rates will remain stable, ignoring the accelerating depletion of key production sources. Reality Check: U.S.
OT functions are designed to perform physical operations in the field for example, controlling the heat in a building or the flow of fuel in a power plant. By contrast, OT is the technology that comprises the industrial systems associated with physical processes such as manufacturing and transportation.
As a critical supplier of chemical products across the US to our clients in diverse industries, we are taking particular care to reinforce our logistics and product supplychain. Contact us or give us a call +1 832-328-2200.
Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders.
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