Industry Issues

Heavy Industry Oil & Gas, Energy and Mining must prepare for the biggest challenges the industries have ever faced—declining margins, increased operational complexity, integration of new technologies, regulatory compliance, economic uncertainty, an aging workforce and declining infrastructure.

Every company faces these challenges on a daily basis and must find a way to become more competitive in the market place.  Companies can offer better goods and services, react efficiently to unplanned events, implement initiatives more effectively, and achieve their desired culture. But how do they get there? A few key hurdles prevent the Oil & Gas, Utility, and Mining industries from achieving their business goals.

What leading issues does Heavy Industry face right now?

Absence of a Safety-First Culture

Failing to create a culture that promotes and values safety is a costly mistake many companies make.

Failed Talent Management

Only 1 in 3 organizations report leaders have high-quality, effective development plans despite the fact having effective plans is related to the quality of leadership development.

Ineffective Change Management

Only a third of all participants in a 2012 Towers Watson survey created an integrated communication and change management strategy to help employees understand and align with what is expected of them.

Lack of Integrated Maintenance Processes 

Many industrial disasters are caused by lack of maintenance protocol, such as poor work identification, improper planning, scheduling and execution.

Substandard Project Management

52% of companies say their projects come in on time and on budget. Only 6% deliver on time and budget.

Supply Chain Inefficiencies

68% of global executives responding to a 2011 McKinsey survey stated supply chain risk will increase in the next five years.

Talent Shortage

Workforce retirement, increasing labor demands and diminishing supply, lack of leadership development and increasingly complex skill sets needed to operate technology as industries automate have resulted in an increasing talent shortage.  

Under-Developed New and Existing Leaders

Organizations with the highest quality leaders were 13 times more likely to outperform their competition in key bottom-line metrics such as financial performance, quality of products and services, employee engagement, and customer satisfaction

Aging and Retiring Workforce

The average age of workers currently employed in the energy industry is near 50. The average age most workers retire is 55. Within the next 5 to 10 years, many companies will need to replace a huge portion of their workforce. 

Haploos believes that at the heart of every industry issue, there are basic core root causes: people, process, assets and the impact behaviors and values have on those issues. Our goal is to use our tools to bridge the gap between the core issues and people, processes and assets.

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