How O&G Companies Can Prepare for On-Demand Manufacturing
BlogDevin Culham | October 16, 2023 | 1 min read
In this eBook, learn how on-demand manufacturing cuts operational downtime costs in oil and gas.
It’s no secret – the oil and gas (O&G) industry is the lifeblood of the global economy, powering most of the world’s transportation, utilities, and, often, the heat inside our homes. When it works, it goes unnoticed, but supply chain disruptions or distribution delays can have major consequences that trickle down to impact businesses’ profit margins and consumer wallets.
A single hour of operational downtime due to maintenance can cost oil and gas companies upwards of $500,000 – which is a motivating number to search far and wide for solutions that can mitigate significant revenue loss. When critical parts are difficult to procure, on-demand manufacturing that leverages additive technology demonstrates significant potential to redesign the established O&G spare part supply chain.
In this eBook, hear from experts in the field as they discuss how oil and gas companies can start to develop their on-demand operations, and read how oil and gas giant Petronas is leveraging the expertise of JSSB to develop digital inventories of on-demand parts.