With rising global energy demand, the oil and gas industry faces a wide range of logistics challenges along the upstream (exploration and production) to downstream (refining and marketing) spectrum. Energy companies also have significant risks related to compliance from both an increasing volume of regulations and the complexity of product classification.
This eBook examines the distinct challenges faced by today’s oil and gas companies, and takes a look at ways a global trade management solution can help them succeed, including:
Streamlining the procurement of highly specialized parts and equipment
Providing real-time supply chain visibility and resilience
Ensuring compliance with regulations on embargoed countries, deemed exports and controlled technologies
Properly classifying sensitive or hazardous materials
Screening trade partners against 340 restricted party lists