The mother of all logistics storms has hit global supply chains, puncturing bottom lines in the upstream sector and affecting oil companies and contractors alike.
Project costs and schedules have already been affected, Upstream has found, and if the situation persists much longer, more developments are likely to be affected and final investment decisions may falter.
Most of those affected agree that the root of the supply chain problem is in the Covid-19 pandemic that threw the brakes on economic activity in 2020.
