Point of View

Optimizing Energy & Resources Material Logistics Supply Chain


Are oil and gas logistics really as robust as you need them to be? The demand for offshore support vessels will soon be higher than the available supply. That's the conclusion of a report released early in 2023 [1]. The volume of new exploration since the war in Ukraine began, the growth of offshore renewables and the rising number of pipeline projects all threaten to cause logistics-asset shortages in the near future. Unless there's rapid investment in new shipbuilding, helicopter procurement and more, it won't be possible to meet this growing demand with new capacity. What should the oil and...

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Airline Revenue Management - The world is moving forward, do not be left behind


Traditionally, airlines treat seats as commodity, and airline Revenue Management (RM) relies heavily on categorizing them into fare-specific booking classes and forecasting the demand. Seat allocations to the classes are dynamically adjusted based on demand, to optimize revenue, thereby establishing an inventory control-driven dynamic pricing system - a method still widely employed by most airlines. However, passenger preferences have limited influence in this mechanism, largely due to technological limitations prevalent when this RM approach was devised decades ago. The inability to grasp pas...

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Greater efficiency, lower costs: how tech can transform oil and gas logistics


As I write this, WTI is at US$85 and Brent is at US$90 a barrel [1]. With those kinds of prices, it is easy to forget the pressure to control costs and show improved returns. But we all know that this pressure isn't going away. The difficulties of attracting new investment put cost control and reduction permanently on the agenda for the long term [2]. Also more cost optimization strategies are required, instead of short term cost reduction initiatives to ensure sustainable operations in the long run. With drilling costs rising [3] and labour shortages looming [4], oil and gas producers need to...

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Are Air Freight Carriers Spending their Digital Transformation Budgets Wisely?


By 2030, these companies will be spending US$8 billion a year on AI and data-driven digital transformation [1]. But is the way they are spending that money likely to get them the returns they hoping for? If they're digitising inefficient manual processes, without first optimising and streamlining them, these operators may not realise the full benefits of their investments. Why are some freight operators digitising the wrong way? Using digital technology to radically improve the efficiency of air freight operations can, at first glance, seem like a straightforward proposition. After all, many o...

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Can You Evolve your Loyalty Programme Fast Enough?


"It's not the despair, Laura. I can take the despair. It's the hope I can't stand," so says John Cleese's character to his co-star, in the 1980s madcap comedy Clockwise. It's a sentiment anyone working in the travel sector for the last five years can empathize with. We all hoped that, along with a welcome release of pent-up demand for leisure travel, the volume of business travel would rise to pre-pandemic levels, even if it took a little while. It hasn't happened. By the end of 2022, business travel was still only at 75% of its pre-pandemic levels [1]. The latest forecasts are that, with the ...

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