Delegates will have the opportunity to discover the strategies and best practices leading energy companies are undertaking to prosper during the market downturn and how these can be applied across the whole industry at the Survive and Thrive Breakfast Briefing being led by EIC CEO Stuart Broadley at the company’s Stockton-on-Tees office on Thursday 27 April, 07:30 to 09:00.
The findings come from Stuart’s fact-finding tour of 26 EIC member organisations to investigate what strategies they have put into place to not only survive but thrive during the current challenging market conditions, which will now be compiled into a special EIC Insight Report. Northern companies that were visited and whose strategies and case studies will be covered in the report include ALE, Costain, Elfab, ENGIE Fabricom, IMI Precision Engineering, Langley Alloys, NOV Gateshead, NRL Group, Servelec Controls and Transvac.
During these meetings, Stuart identified six key areas as being vital to ensure growth during these tough times: optimisation of costs and processes, innovation, technology, collaboration, diversification and export.
EIC CEO Stuart Broadley said, ‘The purpose of these briefings is to allow companies to find out about the best practices to ensure success during these tough times. The behaviours and strategies the EIC has identified come from real life examples, so are proven and can work for your company too. The sheer scale of savings and new orders won by these 26 companies through their survive and thrive strategies, normally from just one or two customers each, is staggering – totalling well over £550 million.’
The EIC Insight Report: How to Survive and Thrive will be available free of charge to all EIC member companies and for purchase by non-members. The report will also be submitted to the Department for International Trade and the Department for Business, Energy & Industrial Strategy to feed into the government’s industrial energy strategy.
The Energy Industries Council (EIC) is the leading trade association for UK companies that supply goods and services to the energy industries worldwide. Other briefings on the report will take place at the EIC offices in Aberdeen (26 April) and London (28 April). If you are interested in attending any of the briefings visit https://www.the-eic.com/Events/FullEventsDiary.aspx and click on the respective briefing or to obtain a press pass, contact Edward White on firstname.lastname@example.org.