COVID-19: A Black Swan Event for the US Oil and Gas Industry? | Download Quantzig’s FREE Resource to Find Out
LONDON–(BUSINESS WIRE)–#Analytics–Quantzig, a global data analytics and advisory firm, that delivers actionable analytics solutions to resolve complex business problems announces the completion of its FREE downloadable resource that explains how the COVID-19 crisis has impacted the US oil and gas industry.
What’s in it for you?
- Understand the short-term disruptions impacting the US oil and gas industry
- Analyze the long-term implications of COVID-19 on the oil and gas industry
- Gain insights on how the US oil and gas industry must respond to the COVID-19 crisis
The COVID-19 crisis is posing a significant risk for those operating in the US oil and gas industry. Request a FREE proposal to learn how we can help you bounce back stronger.
The COVID-19 crisis has given rise to several unique challenges across industries, and the US oil and gas industry is no exception. Notably, the outbreak has resulted in a plunge in oil and gas prices, diminished demand for oil, and a production slump. As we move forward, thriving in the ‘new normal’ requires oil and gas companies to face three headwinds- coping with the decline in oil prices, a low demand scenario, and the need to drive margins & manage debt obligations.
Considering the ongoing disruptions, its high time oil and gas companies in the US take corrective measures and focus on overhauling their business models and supply chain strategies to thrive in the ‘new reality’. Book a FREE solution demo to gain limited-period free access to our analytics platforms.
According to Quantzig’s analytics experts, “While the extent of COVID-19’s disruption to the global oil and gas supply chains and the industry as a whole hint at a paradigm shift, it already presents bigger opportunities for those who are well-prepared to thrive in the new reality.”
Responding to the COVID-19 Crisis: Steps to Consider
- Develop business continuity plans and the potential impact of continuing with normal operations
- Automate processes and minimize manual tasks
- Plan for a supply chain overhaul and identify alternative suppliers
- Focus on mergers and acquisitions
To help navigate the crisis, we’ve developed a holistic business support package for businesses that covers various aspects of a business including supply chain, financial reporting, and crisis management. Visit Quantzig’s COVID-19 resource library to learn how analytics can help bring about a change in such a scenario.
As business leaders and policymakers navigate the crisis, they find themselves in uncharted territory fraught with challenges and unique disruptions. Though much has been written about the best practices and policies adopted by oil and gas companies across the globe. Considering the current situation in the United States, it's not easy to contain the pandemic and US oil and gas companies are forced to face the brunt of the crisis whilst they try to ensure business continuity. Talk to our analytics experts to learn how we can help you navigate the crisis.
Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal
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