Energy and Materials businesses, including power, oil & gas, mining, metals and minerals, and chemicals face many challenges. Environmental concerns and increasing public scrutiny drive rising interest in alternative solutions that disrupt traditional business models. Complexity may arise from aging infrastructure and new, technically demanding assets. Volatile prices and low productivity put profits under continuous pressure.
Energy & Materials businesses must therefore diversify into new ventures, increase their pace of innovation, improve organizational and infrastructure efficiencies and increase responsiveness by aligning product supply with changing priorities and demands of customers and society.