Business Chief US+CAN Magazine June 2021 | Page 384

DRIL-QUIP

“ In supply chain , your day is usually split into two types of things : your goals and ' the storm ’, which are the day-to-day tasks and challenges that come up . Now , to reach your goals , you must act upon those challenges effectively . Unfortunately , the storm often acts upon you if you don ’ t have the tools in place to rapidly resolve issues . With the proper processes , programs , and protocols in place , it is possible to make consistent progress instead of wasting valuable time dealing with the storm of the day . Two of the massive goals of our organisation focus on ESG — environmental sustainability and diversity and inclusion — but these are goals that are not typically achieved organically ; we must take action to accomplish them .

“ When we create time , like we are doing through digitalization , we gain a valuable resource that enables us to invest in , and act upon , our commitment to the critical practices and procedures and reasonable controls required throughout the supply chain , including contracts , processes , people , and suppliers at our worksite , to promote environmental sustainability . It is essential that we allow our folks to find and exploit those opportunities when it comes to reducing the carbon footprint of our operations , as well as help our customers reach their carbon reduction targets .”

Diversity and inclusion ( D & I ) is another ESG goal that is close to the heart of both Wells and the company at large . Dril-Quip is working to increase the number of its employees that come from underrepresented groups and has developed outreach programmes with universities and nonprofits to support a more diverse pool of talent .

“ By streamlining operations , we have time to positively change direction . Digitalization is an enabler because it provides the time

NUMBER OF EMPLOYESS

384 June 2021