Supply Chain Sustainability Practices of Oil Servicing Firms in the Downstream Sector of Nigeria’s Oil and Gas Industry

Abstract

This study investigates the nature and context-based peculiarities of sustainability practices related to the supply chain of oil servicing firms operating in the downstream sector of Nigerian oil and gas industry. The supply chain management practices of oil servicing firms are crucial to the functioning of the downstream sector of the oil and gas industry. However, the literature on their supply chain sustainability is scant and scattered. To fully explore this field; therefore, survey data were collected from key practitioners in the industry and analysed using descriptive statistics. The results show that the supply chain management practices of oil servicing companies relating to designing, producing, marketing, delivering, and supporting the products of their clients rarely factor in the requirements of sustainability practices. Accordingly, this study points out strategic interventions that could help in greening the supply chain practices of oil servicing companies operating in the downstream sector of the Nigerian oil and gas industry

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“…SSCM practices are now a need for businesses that wish to flourish in the business sector. In order to improve organizational operations, boost the organization's profitability index, increase customer satisfaction, and contend with the pressure of competition present in the business environment, sustainable supply chain management is required (Abba, Norhayati & Salisu, 2019;Renato, Patricia, Otavio and Silvia, 2019). SSCM is a fundamental component in improving an organization's effectiveness and innovativeness since it has a favorable effect on the performance of the organization.…”

“…Renato, Patricia, Otavio and Silvia, (2019) discovered in their research that SSCM activities like the environmental, social, and economic dimensions have a substantial impact on an organization's performance. According to Abba, Norhayati and Salisu (2019), an organization's market performance, financial performance, and innovative performance all increase when SSCM is used effectively. Similar to this, the empirical study by Bright and Stephen, (2021) showed that increasing the use of SSCM inside a company will boost its competitive advantage and improve organizational performance.…”

“…Organizations must then successfully rethink their current supply chain activities in order to achieve this sustainability, as well as integrate a sustainability aim into their daily company operations (Akintokunbo & Obom, 2021). According to Abba, Norhayati and Salisu, (2019), SSCM refers to the process by which organizations offers the greatest value to its stakeholders and satisfies all needs in order to achieve a sustainable flow of information, goods, and services among all of its supply chain partners. The triple bottom line (TBL), which takes into account the economy, environment, and society around a business, was also used to further describe SSCM.…”

Strategic Marketing of Nigerian Textiles: Employing Data Analytics to Understand Global Consumer Preferences for Traditional Fabric Art: A Review

“…Moreover, as highlighted by Adam et al (2019), sustainability practices in the supply chain can also be enhanced through data analytics. In the Nigerian textile industry, understanding the supply chain's intricacies and adopting sustainable practices can potentially lead to more efficient operations and marketing strategies emphasising the industry's sustainability.…”

Growth and Financial Performance Governance by the Total Resources: A Case of Indian Downstream Oil and Gas Firms

“…Further, they added that the SCR (supply chain resilience) lowered the intention to invest in oil and gas SMEs in Ghana. Adam et al (2019) found that SCMP (supply chain management practicing) firms play a vital role in the downstream oil sector of Nigeria. They indicated the strategic interventions in the SCPM in the smooth operation of the downstream oil and gas firms in Nigeria.…”