The oil trading sector’s continuing move toward process automation is triggering a migration of talent to digital service providers
The move by Australia’s largest coal mining company to respond to shareholder pressure by freezing production at current levels demonstrates the power of the global response to climate change.
2018 saw the energy and commodities markets continue to be challenged and disrupted. Global geopolitical uncertainty, shifting trade patterns, rising interest rates, digital innovation, and the emergence of a new generation of leaders are just some of the themes fuelling a sustained period of wholesale structural change across the sector.
The oil space was marked by change in 2018, with trading companies shifting focus to asset-backed business and big producers moving into trading, driving talent reshuffles across the industry.
Recruitment activity was high in 2018, led by the continuing development of the LNG market and reorganisation in the gas and power space
Metals and minerals trading started to show promise in 2018 after years of subdued activity and despite the decline in the EMEA coal sector. Mining is showing signs of returning to a growth cycle after almost a decade of stagnation and underinvestment, indicating a coming war for operational and project leadership talent.
Activity was characterised by market change in 2018, with the increasing spread of digitalisation and shifts in consumer focus driving demand for talent with technical and commercial backgrounds.
Increased competition for antibiotics-replacement technology has led to far higher demand for candidates with expertise in the field, and we expect this trend to continue in 2019
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