Monday, 20 February 2023, 15:30-17:00

PANEL SESSION 5

BUILDING RESILIENT SUPPLY CHAINS IN THE NEW ENERGY LANDSCAPE

MODERATOR

SPEAKERS

Peter Goebel

Peter Goebel

Nabors

Vice President, Procurement & Supply Chain Management
Mohammad Al-Shammary

Mohammed Al-Shammary

Saudi Aramco

Senior Vice President Procurement and Supply Chain Management
Sherif Foda

Sherif Foda

NESR

Chairman of the Board & Chief Executive Officer
Suliman Bin Khaled Almazroua

Suliman Bin Khaled Almazroua

National Industrial Development and Logistics Program

Chief Executive Officer
Speakers – panel 5

Jose Bayardo

NOV INC

Senior Vice President and Chief Financial Officer
Gwenola Boyault

Gwen Boyault

SLB

Vice President Planning & Supply Chain
Fuad AlMosa

Fuad AlMosa

Ministry of Energy, Saudi Arabia

Fuad AlMosa, Deputy Minister of Localization, Local Content, Risk Management Deputyship

The post-pandemic economic recovery and the recent energy demand combined with the requirements of scaling renewable and low carbon technologies, are exerting an amplified focus on today’s supply chains. In light of this recovery and the rapidly evolving economy, today’s energy landscape continues to mature with the need to have a vibrant and resilient supply chains driving its growth and mix.

The post-pandemic supply shock and current energy demands revealed major vulnerabilities in the supply chain strategies, which created more obstacles for the world economy to recover quickly. As a consequence, manufacturers were experiencing difficulties to cope with the growth and meet their manufacturing and delivery commitments. New strategies were developed to build resilient and agile global supply chain systems to overcome the recent experience. Localisation is one of these strategies which involves the process of adapting content, products, and services to specific local markets. The benefits of localisation are widespread and have long-term advantages ranging from; creating jobs, developing skilled workforce, promoting innovation-based economy, driving investment and diversification of the local economy, and improving global competitiveness.

This session will explore the current issues impacting supply chains globally and how the industry is adjusting to these changes. The session will also discuss localisation and its impact on driving excellence in the energy industry. The panelist will also discuss actions taken by suppliers and service providers to drive domestic value creation towards building resilient and agile value chain systems. The panel will also shed light on the impact of localisation on innovation, diversification, and job creation.

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