International bulk liquid storage event StocExpo, has announced it will release its first Industry Trends Report when the event returns to the Rotterdam Ahoy from March 10 – 12, 2020.
According to the report, which surveyed the opinions of 171 key decision makers at businesses across the bulk liquid storage supply chain, 46 per cent 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, it said far more work is being done to maximise basic profit levers than to address up-skilling 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 per cent and 6 per cent are currently storing LNG and hydrogen respectively.
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 per cent and 43 per cent of respondents respectively, as well as the storage of biodiesels (43 per cent) and vegetable oils (28 per cent).
StocExpo said 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.
Mark Rimmer, StocExpo Divisional Director, said: “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 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 visit www.stocexpo.com