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Blockchain can help transform supply chain networks in the chemicals and petroleum industry

Blockchain can help transform supply chain networks in the chemicals and petroleum industry

IBM
Published by: Research Desk Released: Aug 27, 2019

Supply chain relationships in the chemicals and petroleum industry are as vast and intricate as the geographies in which they operate. In the current “lower-for-longer” crude oil market, capitalizing on meaningful insight, cost take out, and the associated transformation opportunities for efficiency and longevity are keys to profitability. This applies across all internal and external supply chain functions for different subsidiary companies and divisions, and across established joint venture partners and supplier/subcontractor relationships