Analysis of supply chain resilience drivers in oil and gas industries during the COVID-19 pandemic using an integrated approach

Piya, Sujan; Shamsuzzoha, Ahm; Khadem, Mohammad

doi:10.1016/j.asoc.2022.108756

Cited by 38 publications

(25 citation statements)

References 66 publications

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“…This coincides with the research subject of this paper, network resilience. According to existing studies, the scholars mainly focused on the resilience of oil and gas supply chains or trade networks (Piya et al., 2022; Urciuoli et al., 2014; Zhang et al., 2019), and they found that a tight relationship among countries was constructed and regional trade network has resilience, but the networks still faced the security threats. And the majority of previous studies have tended to explore either oil or natural gas separately and thus fail to further probe into the evolution of structural resilience.…”

Section: Discussionmentioning

confidence: 99%

The evolution of structural resilience of global oil and gas resources trade network

et al. 2022

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This paper establishes anetwork resilience evaluation framework of the global oil and gas resourcetrade network in 2010, 2015 and 2020. The results are as follows: The links of the oil trade network present a gradually shrinking trend, and the gas tradenetwork presents a trend of close connection first and then reduced. In termsof network density, network centrality, network connectivity and network size, the structural resilience of the oil and gas resource trade network displays ashrinking trend, and the gas trade network is superior. Concerninginvulnerability and recovery, the resilience of the oil trade network issuperior to the natural gas trade network. In simulated attacks, the oil tradenetwork reveals a higher resilience towards intentional attacks, and the gastrade network shows a higher resilience towards random attacks. The Strait ofHormuz and the Strait of Malacca are critical chokepoints in the networks.

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Section: Discussionmentioning

confidence: 99%

The evolution of structural resilience of global oil and gas resources trade network

et al. 2022

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“…[76][77][78][79][80] The resilience displayed during this crisis has highlighted the importance of strategic planning, digitalization, and responsible business practices to navigate future challenges and contribute to a more sustainable and prepared chemical industry. [81][82][83][84]…”

Section: Sector Response and Resiliencementioning

confidence: 99%

COVID‐19 and the chemical industry: impacts, challenges, and opportunities

Abedsoltan

2023

J of Chemical Tech & Biotech

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The COVID‐19 pandemic imposed unparalleled challenges for the chemical industry, leading to disruptions in supply chains and demand dynamics. This period of crisis tested the adaptability and resilience of global chemical companies. Despite the challenges, the chemical industry exhibited remarkable innovation, collaboration, and adaptability. It demonstrated its capacity to respond swiftly and effectively to societal needs. Key lessons emerged, emphasizing the importance of diversifying supply chains, implementing scenario planning, and embracing digitalization for enhanced preparedness. As the world progresses toward recovery, the chemical industry is poised to leverage the valuable lessons learned. Industry 4.0 adoption, agile decision‐making, and collaborative efforts with various sectors, research institutions, and governments have accelerated digital transformation and enabled collective responses to global challenges. By focusing on healthcare, advanced materials, and circular economy initiatives, the industry can align with market trends and contribute to societal needs. Furthermore, prioritizing sustainability, regionalization, and responsible practices will be integral to future success. Proactive measures such as strengthening supply chain resilience, enhancing digital capabilities, and fostering a culture of innovation will empower chemical companies to navigate future challenges with confidence. By investing in sustainability, employee well‐being, and responsible practices, the chemical industry can play a pivotal role in building a more resilient and sustainable world. © 2023 The Authors. Journal of Chemical Technology and Biotechnology published by John Wiley & Sons Ltd on behalf of Society of Chemical Industry (SCI).

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“…COVID-19 pandemic has disturbed the supply chain significantly at the global level. The factors of flexibility in supply chains and their mutual relationship is helpful to policymakers to frame strategies [28].…”

Section: Literature Reviewmentioning

confidence: 99%

Pre and Post-COVID-19 Financial Performance of Oil and Gas Companies: An Absolute and Relational Study of Financial Variables

Anis¹,

Ali²,

Fatima³

2023

IJSDP

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The outbreak of COVID-19 affected all aspects of individuals at a worldwide level. It harmed the physically and economically of individuals, and lower the growth of economies, globally. India the third largest consumer of oil and gas was affected by the pandemic, negatively. The study is based on the data collected from the financial statements of Indian oil and gas companies available on the websites. The purpose of the study is to know the financial performance of the Indian oil and gas companies pre and post-COVID-19 pandemic period. The absolute and relational financial variables are applied to get the absolute trend and relational growth of the financial performance of Indian oil and gas companies in graphical form. To explore the profit-earning capacity, short-term paying ability, and long-term paying ability of the Indian oil and gas companies, profitability (profit before tax ratio) ratio, liquidity (current ratio) ratio, and solvency (Debt-Equity ratio) ratio were applied. From 2015 to 2021, the absolute values of revenues, total expenses, and profit before tax were applied to get the trend in graphical form while stacked column charts were prepared to compare the profitability, liquidity, and long-term paying ability of the Indian oil and gas companies. During the pandemic period, total revenues, total expenses, profits, and profitability declined while liquidity and solvency status was unaffected by COVID-19 in Indian oil and gas companies. The profitability of the smaller Indian oil and gas companies improved more than the larger Indian oil and gas companies after the COVID-19 pandemic. It is found that the large-scale production of Indian oil and gas companies was affected more than the smallerscale production of Indian and gas companies by the negativity of the pandemic COVID-19 due to fixed expenses.

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Analysis of supply chain resilience drivers in oil and gas industries during the COVID-19 pandemic using an integrated approach

Cited by 38 publications

References 66 publications

The evolution of structural resilience of global oil and gas resources trade network

The evolution of structural resilience of global oil and gas resources trade network

COVID‐19 and the chemical industry: impacts, challenges, and opportunities

Pre and Post-COVID-19 Financial Performance of Oil and Gas Companies: An Absolute and Relational Study of Financial Variables

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