There is a very large ecosystem of supporting parties in the oil and energy industry including International oil and gas companies, National oil and gas companies, drillers, engineering companies, procurement companies and construction. In this episode we will talk about Supply Chain challenges these parties are facing and the associated trends.
What is the digitization of freight? Will it be a disruptive force in the industry or a transformational one? Listen to our VP of Business Development, Brian Reed speak about the actions companies should take to prepare for the digital transformation of freight.
End to end supply chain visibility has been a top priority for companies for years but it's still a challenging goal to achieve. How do you define visibility? Do you want visibility or reliability? Customers want to see instantly where their products are. Change of pace has increased along with the need to make smarter decisions faster.
As a result, "real-time" visibility is becoming more important. Listen to our VP of Business Development, Julian Duerschmidt and Adrian Gonzalez from Talking Logistics as they deep dive into the topic of visibility.
Facing low prices of crude oil, companies need to reshape supply chains to get sustainable cost reductions and reach profitability in the mid and long term. End to end visibility in upstream, midstream or downstream portions of the business reduces substantially the inefficiencies, driving competitive advantages bringing you closer to achieving your strategic goals.
The good news for airlines
The International Air Transport Association (IATA) released the full-year 2017 data for global air freight markets showing that demand grew by 9.0% freight ton kilometers (FTKs). Almost triple the 3.6% annual growth recorded in 2016.
Freight capacity rose by 3.0% available freight ton kilometers (AFTKs) in 2017. This was the slowest annual capacity growth seen since 2012. Demand growth outpaced capacity growth by a factor of three.
Visibility, a term we hear far too often when talking about the supply chain but a word that signifies huge importance on this same topic. But how do companies gain that visibility?
There are hundreds of solutions out there, how do you pick the right one and implement it as quickly as possible to start benefiting from end to end visibility? By choosing a company who provides a customer centric experience through their Centers of Excellence.