DHL Global Forwarding has released a whitepaper examining the key trends impacting the oil and gas (O&G) industry in the Middle East and Africa. According to the leading air, ocean and road freight specialist, digitalization will continue to play a significant role in transforming the industry, potentially unlocking $1.6 trillion to $2.6 trillion by 2025. This is achieved as companies leverage digitalization to improve margins, safety standards, as well as reduce emissions and water consumption.
The whitepaper predicts that owing to pandemic-induced slowdowns in travel, global oil demand will not reach pre-COVID-19 levels before the end of 2021. O&G companies in the Middle East and Africa region (MEA) need to take bold decisions to quickly reposition themselves, including redefining partnerships across the supply value chain, building resilience and going digital.
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