2022 Energy & Utilities: Change We Predicted
2022 is validating the turbulence we predicted as the year began. Increasing energy prices and consistently high inflation have added to mix of challenges. Leaders are reacting and preparing for change – in the industry, across the enterprise and in terms of IT. Decarbonization is the word of the day.
For Oil & Gas enterprises, prices have stabilized at what appears to be a higher, yet reasonably stable level following the historic industry demand fall-off during Covid. This year is bringing opportunities for companies who are well positioned for the energy transition. Leaders have been accelerating digital transformation and re-visiting business models that drive growth and focus on renewables.
Meanwhile, the Chemicals, Metals & Mining industry has experienced continued growth – but still is being impacted by inflationary and supply chain pressures. This year has been one of enhanced investments in technology and digital initiatives.
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