Insights from Gastech 2023: Steelboso’s Potential Industry Impact, Procurement Challengers, and Networking Opportunities
by Nico Rivera | September 11, 2023
This year’s Gastech in Singapore has indeed been remarkable. After a pandemic-induced hiatus, attendance surged to an impressive 40,000 participants. The hallways buzzed with professionals and trade visitors, creating an atmosphere reminiscent of a bustling marketplace filled with a diverse array of goods and services.
From industry giants to emerging companies like ours, the Singapore Expo venue teemed with innovations, fresh market concepts, cutting-edge technologies addressing climate challenges, and ambitious decarbonization initiatives, among other exciting developments. Here are some key highlights from the recently concluded Gastech Exhibition and Conference.
Steelboso’s Impact on the Industry and Its Potential in Alleviating Procurement Manpower Shortages and Burnout
Gastech 2023 featured a session addressing the critical challenges of procurement staffing and burnout, organized by the Energy Industries Council. This session offered insights from respected procurement leaders from companies such as Fluor, Chiyoda, Black & Veatch, and Maire Techmont.
The procurement sector has faced significant challenges lately — a shortage of skilled professionals and the issue of burnout. As organizations expand and supply chains grow more complex, the demand for procurement experts has surged. However, finding and retaining qualified talent has proven difficult. This shortage has strained existing procurement teams, often leading to overworked professionals, which impacts the efficiency of the procurement process. Addressing these issues is crucial to ensure the resilience and success of procurement operations.
Given these challenges, Steelboso offers a potential solution to mitigate burnout by acting as an extension of a company’s procurement team. Through Steelboso’s flagship procurement and trading services, any company’s employees gain access to a comprehensive range of products required for project completion, with continuous support from Steelboso’s experts in real-time.
Steelboso is equipped to tackle the issue of understaffed procurement teams. After receiving a request for quotation (RFQ), our dedicated managers handle all the necessary steps in finding an appropriate seller, vendor, or manufacturer that aligns with the project’s specific requirements. In traditional procurement, team members must reach out to numerous sellers, initiate multiple quotation requests through various channels, await responses, analyze and negotiate, and facilitate the transaction. With Steelboso, a single RFQ generates multiple quotations from sellers, reducing procurement time by nearly 80%.
Engaging with Industry Leaders
Steelboso’s Global Business Development Manager, Nico Rivera, was featured in an exclusive interview with Julian Walker from Energy Connects. In this conversation, Nico explored Steelboso’s corporate vision and its ambitious growth plan, including attracting more investments.
With a focus on expanding its presence domestically and internationally, Steelboso aims to lead in innovative procurement solutions. Nico passionately shared how Steelboso envisions revolutionizing the procurement landscape through technology, strategic partnerships, and unwavering commitment to delivering value. The interview offered valuable insights into Steelboso’s strategic direction and dedication to driving positive change in the industry.
The interview is scheduled for broadcast on Energy Connects’ platforms and other Gastech and dmg events channels.
Networking Opportunities
Steelboso’s booth at Gastech, despite its small size, attracted over 500 visitors during the 4-day event, all eager to learn about the company’s services. The booth created a welcoming atmosphere for meaningful conversations.
Steelboso’s team, led by Yunki Jo (CEO) and BD managers Jayden Lee and Nico Rivera, engaged with trade visitors, providing insights into the innovative procurement solutions the company offers. The booth became a hub for sharing knowledge, helping visitors understand how Steelboso is revolutionizing procurement. In addition to booth visits, the team secured over 20 one-on-one meetings, enhancing networking opportunities and potential business partnerships.
The strong turnout reflected the excitement and interest in Steelboso’s presence.
Steelboso’s team effectively reached a diverse audience, including professionals from established corporations and emerging startups, across various industries, such as Oil and Gas, Petrochemicals, Maritime, Shipbuilding, Water Systems, Hydrogen, and related sectors.
Overall, Steelboso’s participation in this year’s Gastech was highly productive. We look forward to seeing you all at Gastech 2024 in Houston, Texas!
Check out Steelboso, the new standard for Industrial Steel Materials Trading! Steelboso is an industrial materials trading platform that connects buyers and sellers in the oil and gas industry, power generation, shipbuilding, and other related industries. Get a free quotation now!
