In a time of unprecedented economic retraction and revenue loss, it is imperative that shippers monitor and control costs closely.
The situation is even more dire for oil and gas companies. Unfortunately, COVID-19 is not the only major headwind for the industry. Global tensions have been boiling throughout 2020 as Saudi-led OPEC battles with Russia over oil supply. That is not to say that COVID-19 does not pose significant challenges; it has indeed thrown the industry on its head. Futures contracts have settled negatively, there are hundreds of tankers floating without a destination, and retail gas prices have nearly halved.
To better understand expectations and attitudes toward various types of risk during the COVID-19 pandemic, FreightWaves and nVision Global partnered to conduct a survey of oil and gas company executives. It is clear that the coronavirus poses a serious threat to the industry, but it is not the only issue plaguing oil and gas companies.
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[sc name=”nvision-oil-gas-white-paper” ]Supply Chain AI Symposium
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
The Old Post • Chicago, IL Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now