The methods we devour power and produce commodities are altering. This transformation could benefit the global economic system, however useful resource producers will have to adapt to remain aggressive.
For resource firms, notably incumbents, navigating a future with more uncertainty and fewer sources of development will require a focus on agility. Harnessing know-how will probably be essential for unlocking productivity positive factors however not sufficient. Companies that concentrate on the basics—increasing throughput and driving down capital prices, spending, and labor costs—and that search for alternatives in expertise-pushed areas may have a bonus. In the brand new commodity panorama, incumbents and attackers will race to develop viable business models, and not everybody will win.
On the demand aspect, consumption of energy is becoming less intense and extra environment friendly as people use less vitality to live their lives and as vitality-environment friendly applied sciences become extra integrated in homes, businesses, and …
In the excessive-stakes, excessive-cost battle among world automakers to develop ever extra efficient automobiles, one of the greatest breakthroughs in inner combustion engine technology in years seems to be coming from one of many business’s smaller gamers.