Integrating digital technologies for supply chain resilience in the energy industry
1 Independent Researcher, Nigeria.
2 The Shell Petroleum Development Company, Port Harcourt, Nigeria.
3 Shell (Den Haag, Netherlands).
4 Independent Researcher, Nebraska, USA.
Review
International Journal of Scientific Research Updates, 2022, 03(01), 048–067.
Article DOI: 10.53430/ijsru.2022.3.1.0032
Publication history:
Received on 12 February 2022; revised on 16 March 2022; accepted on 20 March 2022
Abstract:
The energy industry faces persistent challenges in supply chain management, including disruptions from geopolitical uncertainties, natural disasters, and market volatility. Integrating digital technologies is increasingly recognized as a critical strategy to enhance supply chain resilience, ensuring operational continuity and efficiency. This paper explores the transformative potential of technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), Blockchain, and Digital Twins in optimizing supply chain processes within the energy sector. IoT enables real-time tracking of assets, offering enhanced visibility and predictive maintenance capabilities, while AI-driven analytics provide actionable insights to anticipate disruptions and optimize decision-making. Blockchain technology enhances transparency and trust by ensuring secure and immutable transaction records, reducing inefficiencies and fraud risks. Digital Twins facilitate proactive risk management by simulating supply chain scenarios to optimize performance and mitigate vulnerabilities. Additionally, the study emphasizes the role of cloud computing in fostering collaboration across supply chain stakeholders by providing a unified data platform, enabling faster response times to market fluctuations. The paper also addresses critical challenges, including cybersecurity risks, integration costs, and the need for workforce upskilling, which could hinder the adoption of these technologies. Case studies from leading energy firms demonstrate successful implementation strategies, showcasing significant improvements in efficiency, sustainability, and agility. This research contributes to the growing discourse on digital transformation in supply chain management by presenting a comprehensive framework for leveraging technology to build resilience in the energy sector. The findings underscore the importance of a strategic approach, emphasizing the alignment of digital initiatives with organizational goals and fostering partnerships to drive innovation. By adopting digital technologies, energy companies can enhance supply chain resilience, minimize disruptions, and achieve long-term sustainability.
Keywords:
Supply Chain Resilience; Digital Technologies; Energy Industry; Internet of Things (IoT); Artificial Intelligence (AI); Blockchain; Digital Twins; Cloud Computing; Cybersecurity; Sustainability.
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Copyright © 2022 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0