Ungated Post | 01 Oct 2018
Just add weather – chemicals, petroleum, and industrial products: How weather insights can grow your bottom line
Even “normal weather” impacts the chemicals, petroleum and industrial products industries on a daily basis, whether through operations needs, critical infrastructure requirements or dangers for field workers. Some companies in these industries are reaping benefits from weather data by leveraging insights to reduce costs and increase revenues.
Weather-related damage can cause costly manufacturing equipment failures. Seasonal weather, including severe storms and hurricanes, can exert tremendous influence on natural gas demands. Weather-related perils cause hundreds of fatalities in the US alone, and over 100,000 worldwide each year. Monitoring these perils manually can reduce productivity and put workers at risk of injury. This report looks at ways we executives in the chemicals, petroleum and industrial products Industries can learn from those who view weather data as a competitive advantage.
To better understand how weather impacts organizations globally and across industries, Oxford Economics partnered with the IBM Institute for Business Value to survey 1,000 global C-level executives representing 13 industries and 15 countries. Of these participants, 150 were from the chemicals, petroleum and industrial products industries, the focus of this report.
Our Thought Leadership team produces original, evidence-based research made accessible to decision-makers and opinion leaders.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
Related Services
Post
The economic impact of abandoning the WTO
Oxford Economics have been commissioned by the International Chamber of Commerce (ICC) to provide an independent assessment of the economic impact of WTO dissolution. This report details our findings and the assumptions underpinning our analysis.
Find Out More
Post
The economic impact of the sports activities of public service media
This study shows how the sports activities of public service media supported €4.5 billion of GDP and 57,000 jobs across 31 European countries in 2022. The report also highlights wider economic benefits of public service media sports coverage, such as the way in which it leverages sponsorship income for sports bodies.
Find Out More
Post
Global Trade Education: The role of private philanthropy
Global trade can amplify economic development and poverty alleviation. Capable leaders are required to put in place enabling conditions for trade, but currently these skills are underprovided in developing countries. For philanthropists, investing in trade leadership talent through graduate-level scholarships is an opportunity to make meaningful contributions that can multiply and sustain global economic development.
Find Out More