A safer, smarter future: Working remotely in energy and materials

The world has undergone unprecedented change because of COVID-19, with energy and materials sectors such as oil and gas, mining, metals, and chemicals among the most heavily affected. A sharp decrease in demand has shifted market power to customers, further intensifying market competition. This, combined with supply-chain disruption, has created a severe margin squeeze for energy and materials businesses. Many companies are not only seeking solutions to improve their performance in the short term—and increase their competitive edge in shrinking markets—but also to ensure long-term sustainability in the next normal through healthy transformation.

While some industries, such as software development, have been able to move seamlessly to working remotely, many energy and materials companies must retain at least some highly skilled operations and maintenance workers on-site. Still, those that adopt new tools or structures to enhance remote ways of working could improve their future operating models, attracting top talent or reducing costs. In this article, we review the challenges facing energy and materials manufacturers, suggest best practices to strengthen remote ways of working, and discuss the dimensions of a long-term transformation.

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Πηγή: mckinsey.com