The oil and gas industry is undergoing fundamental changes, driven by the development of new energy sources such as shale gas, tight oils, LNG and oil sands, and shifts in geographic markets. Moreover, energy companies struggle to deal with the complexity of the supply chain and are often challenged by lack of visibility and predictability when working with multiple stakeholders at numerous, often remote, drilling locations. As a result, companies compensate risk by maintaining high inventory levels and using costly air charter services to get key items on site.
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