The Colonial Pipeline Cyberattack is a Study on Material Price Fluctuation
The recent successful cyberattack on the Colonial Pipeline sent a shockwave throughout the oil and gas industry beyond in the United States, and it’s not serving as a unique case study in how the sector impacts the entirety of the supply chain and many corners of society.
To diagnose the attack’s impact and help break down what companies in other industries affected by the incident can do to help insulate themselves from future similar disruptions, host and Voice of B2B Daniel Litwin invited Matador Economics Energy Economist Tim Snyder onto this episode of MarketScale TV.
Matador is an economic consultancy firm focused on applying macroeconomic data to supply and demand models to help companies in price discovery for today and the future, meaning it’s uniquely positioned to conduct a post mortem on the recent cyberattack and explore what it could mean for market movements.
The duo also dove into some of those strategies for insulating financial movements, particularly within the oil and gas industry, itself, from these types of incidents. In the wake of the Colonial Pipeline attack, consumers across the country scrambled to fill up, hiking up demand, driving up prices and creating localized shortages that had nationwide impacts.
Follow us on social media for the latest updates in B2B!
Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale
Latest
Finding Your Identity with Dustin Odham
In an era where screens dominate our time, finding your personal identity becomes a challenge. Our generation is shaping itself based on an increasingly virtual world, often losing touch with the inner self. In fact, a recent study suggests that we could end up spending at least ten years of our life in front of […]
Conversations from Shoptalk Europe: Retail Refined meets with Christoffer Sellin from COS
Shoptalk Europe 2023 brought the technologies and channels driving the future of retail into a clear perspective. This year’s annual event from May 9-11 in Barcelona allowed Retail Refined’s Melissa Gonzalez to sit down with key stakeholders making a difference in the market. COS (Collection of Style) is a European fashion brand doing innovative things […]
Why the Merger of the PGA Tour and LIV Golf is Great for Golf
The PGA Tour, LIV Golf, and DP World Tour have announced their merger, putting an end to the conflict that has dominated sports business news for the past 18 months. This merger is expected to bring more financial opportunities, increased accessibility for fans, and a variety of golf events. It is seen as a […]
