The economic slowdown caused by the COVID-19 pandemic resulted in steep decreases in demand for products and services across many industries. The hydrocarbon processing industry (HPI) was no exception, with global oil demand falling by 25% in 2020 due to the worldwide response to the COVID-19. The industry has since rebounded and recovered some of its losses, but near-future demand is expected to remain lower than pre-pandemic levels. PerkinElmer recently sat down with leaders from SGS Natural Resources, Teresa Ruiz-Escribano and Arjan Praat, to mine their in-depth knowledge of HPI analytical laboratory trends and challenges. SGS is a global leader in testing, inspection and certification solutions for HPI companies. Here we discuss several of the top trends and challenges and the ways in which companies are adapting their laboratory programs in response to current market conditions.
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