The Oil and Gas Supply Chain Needs Urgent Repair -- A New Vision
Channel: Digital Oil and Gas
Date: 21/02/2024

#oilandgas #supplychain #innovation #transformation 
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In the US lower 48 states, between $200 billion and $400 billion are spent in the supply chain every year and are still run with practices designed decades ago. The energy sector's supply chain is broken and needs a new vision to take it to the next level. 

In this interview podcast with Joshua Trott from WorkRise, we’ll look at the outdated practices of supply chain management in oil and gas, explaining why many projects go over budget and schedule. Josh is the Chief Revenue Officer of WorkRise, an industry-leading labor business and a leading supply chain platform used by many of the biggest energy companies in the world. 

WorkRise's innovative solution is aimed at completely overhauling the industry’s supply chain model rather than just tinkering with point solutions or with narrow scope. This concept emphasizes the power of data-driven decisions and efficiency to revolutionize project management and execution. 

We uncover the major issues impacting the current supply chain system, and how WorkRise plans to mitigate these challenges by putting in place a streamlined, cost-effective approach to project lifecycles. Modern technology and methods play a huge role in helping overcoming the obstacles in the industry. 

If you are responsible for overseeing end to end operations of an oil and gas company, you have the potential to capture very significant benefits through a rethink of your supply chain management.
Josh is a lifelong soccer player and fan, he lives in Austin, Texas.

Timestamps:
0:00 - Opening
0:04 - Introduction 
1:21 - Josh’s bio
2:10 - The broken supply chain in oil and gas
6:02 - The separation of finance and operations 
7:40 - Relationships drive the supply chain, not data
10:01 - Wide fragmented supply chain - specialized, geography
11:20 - Disparities in supply chain sophistication
14:41 - The size of the prize
16:56 - Fragmented point solutions prevail
19:45 - Industry reactions to new solution ideas
22:40 - Solution example
25:00 - Choosing a pilot site
27:12 - Mergers and supply chain consolidation

Additional Tools & Resources:
 🎓 Take my one day digital strategy training course for oil and gas:
 👉 https://www.udemy.com/course/digital-oil-and-gas/?referralCode=0161D4D49AB75735A185

Connect with Me!
🖥️ Blog series: https://digitaloilgas.substack.com/
 🎧 Podcast: https://geoffreycann.com/broadcast/
 📇 Linkedin: https://www.linkedin.com/in/training-digital-oil-gas/
 🤬 X: https://twitter.com/geoffreycann

Contacts for Lectures and Keynotes: 
I speak regularly on these and other topics. Contact me to book a brief call about your upcoming event needs. Click here 👉 https://geoffreycann.com/contact/

Disclaimer: 
The views expressed in this video are my own and do not constitute professional advice.

Contacting the Guest
Joshua Trott
📧email : joshua.trott@workrise.com
📇 LinkedIn:https://www.linkedin.com/in/joshuatrott/
📇 LinkedIn biz: https://www.linkedin.com/company/workrise/
👨‍💻website: www.workrise.com