Digitizing the energy industry supply chain in Asia

Don’t miss a webcast from Risk.net, Asia Risk and Openlink on digitizing the energy industry supply chain in Asia.

It was not long ago when market factors had yet to dictate an environment where energy companies were incentivized to adopt a full-scale implementation of digitized and automated operating functions. As energy firms are now more than ever looking for ways to integrate smarter margin management, optimize their operating procedures, avoid supply disruptions and reduce equipment downtime, taking advantage of the latest emerging technologies is the clearest pathway to achieving these goals.

The energy industry is ideally suited for this type of transformation, as operations can span multiple regions, with protracted supply chains and significant capital investments. Implementing new digital solutions is not only now widely accessible, it is a crucial capability for any organization that wants to thrive amid current market complexities. The visibility that can be delivered by digital solutions and analytics is now able to provide previously unattainable granular views into operational procedures and enhance strategic decision-making.

As energy firms across the globe are racing to integrate these solutions into their operating infrastructure, those who fail to do so risk falling far behind their competition, as the days of relying on consumption to sustain profit margins are long in the rear-view mirror. Hear from a panel of experts who will discuss best practices in digitizing your firm’s supply chain and provide concrete examples as to how these technologies can facilitate expansive margin management and more dynamic operational procedures.

Key topics include:

• Utilizing data and technology for margin management
• Examining what segment-specific modules are being developed to meet rising business needs to cope with volatile markets and new asset classes
• Avoiding supply disruptions with integrated logistics
• Simplifying and increasing the speed of the settlement process between upstream owners and producers
• How to substantially reduce equipment downtime through preventive, condition-based maintenance
• Mitigating reputational risk through better planning and greater flexibility
• Connecting previously siloed operations and drive collaboration across upstream, midstream, or downstream workflows
• Are there any digital solutions that help with regulatory upkeep?