Resilience Methodology for the Petroleum Supply Chain – an Approach Using the Radio Frequency Technology (RFID) Technology

The petroleum supply chain appears as a significant risk and high impact industry at the micro and macro economic level. Although, risk management bears prime importance for this industry, there is notorious absence of a resilience methodology. In this context, this article has the aim to apply a resilience methodology for the petroleum supply chain by focusing on the resilience triangle for understanding recovery time requirements. Furthermore, the developed model uses the technology of radio frequency identification (RFID) for tracking and traces the supply chain activity. The use of RFID contributes for the resilience methodology, where RFID is playing an ever-important role in the oil and gas industry.