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.

Read the Just add weather – chemicals, petroleum, and industrial products report

Our Thought Leadership team produces original, evidence-based research made accessible to decision-makers and opinion leaders. Principals for this project included:

Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.

To find out more about our capabilities, contact:

Paul Donnelly
+44 203 910 8077

Diantha Redd
+1 (646) 503 3052

Christie Tang
+852 3974 8841

Related Services


Investment behaviour in sustainable finance

To meet the 2050 climate targets, the global sustainability and climate goals will require massive public and private investments of more than 131 trillion euros.

Find Out More


Investitionsverhalten bei nachhaltigen Finanzinstrumenten

Investitionsverhalten bei nachhaltigen Finanzinstrumenten: Eine verhaltensökonomisch experimentelle Analyse von "ESG-Präferenzen" und deren Implikationen für Finanzinstitutionen und Politik.

Find Out More


Tobacco Track & Trace Systems Across Africa

The purpose of this study is to review progress towards implementing track & trace (T&T) systems across the continent, to assess the compliance of existing systems with ITP requirements and to investigate the potential benefits from a regional perspective to combating illicit trade.

Find Out More