Think you ’ ve had a bad day ?
From missed opportunities to outright mistakes , some of the world ’ s largest businesses have fielded some embarrassingly avoidable catastrophes .
It is an all too common experience that , regardless of the good that may have been done , the success achieved or the positive impacts made , an individual or corporate entity may only be remembered in the future for the one time they got it wrong – and , sometimes , massively wrong .
In 1962 , record label Decca were looking to sign an up-and-coming band . They auditioned two , deciding to sign the Tremeloes . The one they rejected ? A four-piece outfit from Liverpool known as The Beatles .
More recently , 12 publishers rejected J . K . Rowling ’ s Harry Potter before the 8-year-old daughter of an editor at Bloomsbury demanded to read the rest of the book and Bloomsbury finally agreed to publish it … but also advised Rowling to “ get a day job ” as ‘ there was little chance of making any money with children ’ s books ’.
An experience as familiar to sporting greats , blue-chip companies and individuals , the inability to see
the direction of travel and seize the opportunity has become known as ‘ a Kodak moment ’ - that moment when companies fail to realise how consumers are changing and how markets will ultimately evolve in new directions without them . A giant in the photography sector , Kodak had the first digital camera back in 1977 but , since it made so much money selling film , didn ’ t introduce the technology at the time instead continuing its focus on traditional film cameras . Finally entering the digital market , Kodak was selling at a loss and couldn ’ t catch up with those who had been producing digital cameras for years .
Whenever the landscape of an industry changes , there are those that adapt and thrive and others that continue doing the same old thing until it is too late . In this issue we report how our industry has clearly acknowledged the direction of travel and is working hard to adapt throughout the supply chain . This evolution suggests that history will look kindly on our industry as one continuing to be at the frontend , driving what is happening , rather than one sitting on the side-line watching as it happens .
The independent voice for the fuel distribution , storage and marketing industry in the UK and Ireland .
4-7 , 9 NEWS
11-13 INDUSTRY FOCUS
How is the industry continuing to adapt to the challenges of Covid-19 and decarbonisation ?
15-17 INDUSTRY ANALYSIS
How refiners and logistics providers are preparing for the future of fuel
18-19 IRISH FOCUS
Progress updates on energy strategy and decarbonisation
19 DIVERSIFICATION CORNER
Wincanton evolving to offer decarbonisation solutions
20-21 IN CONVERSATION
Boris Ivanov discusses whether BP can succeed in its transition
22 PORTLAND MARKET REPORT
Pipeline transportation and squealing pigs
24-25 , 27 INDUSTRY KNOWLEDGE
The advantages and challenges of digitalisation and remote-working
28-29 INDUSTRY INSIGHT
A closer look at BP ’ s energy outlook to 2050
30 PRICING PAGE
31 IN PROFILE
A nice bloke with a tight grip on the keys to the petty cash tin
On the cover In this issue
Contact us
Managing director Nick Smith
Managing editor Margaret Major margaret @ fueloilnews . co . uk
Content / social media executive Stephanie Samuel stephanie @ fueloilnews . co . uk
A stunning image captured by Lee Westwell , a driver for Craggs Energy Group , when he was on the road in Rathmell , North Yorkshire .
To read how Craggs , and others in the industry , are adapting to overcome the challenges of both Covid-19 and decarbonisation see our ‘ Industry Focus ’ on pages 11 to 13 .
Irish news Aine Faherty aine @ fueloilnews . co . uk
Accounts & subscriptions Berni Chetham berni @ fueloilnews . co . uk
Annual subscription for the UK & Republic of Ireland is priced at £ 98 or € 113 inc . p & p . Overseas : £ 115 or € 134 . Back issues : £ 8 per copy .
01565 653283 www . fueloilnews . co . uk
We talk with refiners and logistics providers to find out how the industry is preparing for the future of fuels in ‘ Industry Analysis ’ on pages 15 to 17 , while the challenges presented by remote working and digitalisation are considered in ‘ Industry Knowledge ’ on pages 24 & 25 and 27 .
Founded in 1977 by James Smith Published by Ashley & Dumville Publishing , Caledonian House , Tatton Street , Knutsford , Cheshire WA16 6AG www . ashleyanddumville . co . uk
Fuel Oil News is sold solely on condition that : ( 1 ) No part of the publication is reproduced in any form or by any means electronic , mechanical , photocopying or otherwise , without a prior written agreement with the publisher . ( 2 ) The magazine will not be circulated outside the company / organisation at the address to which it is delivered , without a prior written agreement with Ashley & Dumville Publishing . The publishers gratefully acknowledge the support of those firms whose advertisements appear throughout this publication . As a reciprocal gesture we have pleasure in drawing the attention of our readers to their announcements . It is necessary however for it to be made clear that , whilst every care has been taken in compiling this publication and the statements it contains , the publishers cannot accept responsibility for any inaccuracies , or the products or services advertised . Fuel Oil News is printed on sustainable forest paper . © Ashley & Dumville Publishing . Printed by Stephens & George Print Group Tel : 01685 388888
Volume 43 No 11 ISSN 1757-1057
Fuel Oil News | November 2020 3