India is the second-largest consumer of crude oil after China among the non-OECD countries. It produced 35.68 MTs of crude petroleum in 2017-18 accounting for 0.92% of the total world production. It also produced 254.4 MT of petroleum products among which high-speed diesel oil and motor gasoline were prominent. Transporting and storing this vast amount of oil presents a challenge to the provider of bulk logistics solutions in India. There also is the problem of loss of oil through evaporation during the transportation and storage.
Problems faced by Transportation Companies
They produce oil in remote areas, often at offshore locations, and then transport it to towns where they need oil. Solution providers who are experts in bulk logistics management help the manufacturers use integrated supply and trading solutions. Often, the movement of the fleet carrying the oil has a Control Tower function to help in tracking. The bulk logistics solutions in India are tedious because of the expanse of the country and the different terrain one encounters.
Time is of the Essence
India imports plenty of crude oil. This is because of inadequate petroleum reserves. Demand-supply forecasting and planning help the logistics providers move material fast. The timely distribution is essential during manufacturing in oil and gas because there will be no place otherwise for the fresh stock. Quick handling of inbound and outbound transportation, customs services, inventory management, and value-added services helps integrate functionality with volume.
Integrating IOT with Logistics
To improve the coordination during the transportation and storage, the service providers use IOT gadgets to coordinate activities and get data. Using this data, they build a future network for the movement of material. During manufacturing in oil and gas, it is vital to understand and put in place the best practices such as vapor recovery for the conservation of oil.
