The Future of Industrial Distributors: the Oil and Gas Market | Types of ERP

The United States is the second largest consumer and producer of oil in the world and it is estimated that $80 billion or more per year will be invested into the midstream and downstream petroleum infrastructure in the US between 2014 and 2020. In order to support this demanding growth, there is a huge need for supplies to be made that can be used for the building of new extraction points, plants, pipelines and roads. Plus, the supplies that already exist need to be maintained. Given all of this information, distributors should really be looking to capitalize on this exceptional growth.

Industrial distributors are needed to create the supplies that are needed for this growth. There is an exceptional need for the following supplies:

Machines

Pipes

Valves

Fittings

cutting tools

Hoses

Power transmissions

Suppliers of these products have the chance to boost their bottom line by providing the growing market with the products that they need. Those suppliers who already provide products for the oil and gas industries are unsure if they have the resources that they need in order to meet growing demands. This is an opportunity for distributors to really capitalize on this outstanding earning potential.

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