Feb 25, 2020
StocExpo, the world’s largest and longest running international bulk liquid storage event, is set to release its first Industry Trends Report when the event returns to the Rotterdam Ahoy from 10 – 12 March 2020.
According to the report, which surveyed the opinions of 171 key decision makers at businesses across the bulk liquid storage supply chain, 46% agree the skills shortage caused by aging workforces and a lack of fresh young talent is the biggest challenge facing the industry today.
Despite this, far more work is being done right now to maximise basic profit levers than to address upskilling and attracting the next generation of workers, leading the report to speculate that reducing costs and boosting capacity are relatively easy and short-term ways to salve the complex and abstract “people-problem”.
The report also identifies and explores trends like the growth of LNG and hydrogen, which is on the diversification agenda for more than half of storage terminal respondents, but only 22% and 6% are storing LNG and hydrogen respectively at present. The research also highlights the rise of niche storage areas expected to grow over the next two years, including chemical and speciality chemical storage according to 48% and 43% of respondents respectively, as well as the storage of biodiesels (43%) and vegetable oils (28%).
The research has directly informed the show’s conference programme, which will address all of the issues raised, such as sustainability, digitalisation, IMO 2020, skills and the rise of new storage areas, head on.
Mark Rimmer, StocExpo Divisional Director, says, “StocExpo has always focused on providing value to the bulk liquid storage industry. That’s why it’s the main event for the sector.
“Our position naturally gives us a birds-eye-view of the industry and unique access to a huge number of bulk liquid storage’s best and brightest. Something we’ve leveraged to deliver even more value this year in the form of an Industry Trends Report.
“The report will offer intelligent insight into the commonalities among businesses in the supply chain and shine a light on the perceived challenges and opportunities. That, coupled with our conference programme of expert speakers who will be talking on all the issues raised, will hopefully give the industry a sense of solidarity, direction and confidence equipping it as it faces down a somewhat demanding future.”
The StocExpo Trends Report will be available for free to all delegates and exhibitors and will be made available to the wider public after the show. For more information on the report, visiting StocExpo, or exhibiting, please call +44 (0)20 3196 4300 or visit www.stocexpo.com
StocExpo is a three-day exhibition and conference for the bulk liquid storage industry. Industry leaders will meet to stay ahead of the competition, network and gain new business at the Rotterdam Ahoy, Netherlands, from the 10th to the 12th March 2020. www.stocexpo.com
Easyfairs organises and hosts live events, bringing communities together to visit the future.
The company currently organises 220 events in 17 countries (Algeria, Belgium, China, Denmark, the Emirates, Finland, France, Germany, the Netherlands, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States) and manages 10 event venues in Belgium, the Netherlands and Sweden (Antwerp, Ghent, Mechelen-Brussels North, Namur, Gorinchem, Hardenberg, Venray, Gothenburg, Malmö and Stockholm).
Easyfairs employs more than 750 people and generated revenues exceeding €171 million for its financial year 2018-2019.
Easyfairs strives to be the most adaptable, agile and effective player in the events industry by employing committed individuals, deploying the best marketing and technology tools and developing strong brands.
In 2018 Easyfairs was named Belgium’s “Entrepreneur of the Year®” and in 2019 it was named a “Best Managed Company” by Deloitte. The company is ranked 18th in the list of the world’s leading exhibition companies.
Visit the future with Easyfairs and find out more on www.easyfairs.com.
– ASIA TODAY News Distribution Service http://www.AsiaToday.com
Energy & Utilities
Technology & Service
Transportation & Logistics
Show in Featured News
TopPicture:Read on source website...