You, like many others, will have read the disenchanting news stories and watched as during 2015 and early 2016 the oil price took a huge fall from grace to as low as $27 a barrel.
It is easy to get caught up in the many questions that arise from a situation such as this. ‘Will the North Sea Offshore industry bounce back?’, ‘Should I look for a job outside of the Maritime and Energy field?’, ‘Can specialist Oil and Gas recruitment firms get through this industry downturn’?
As part of the STR Group, Navis Consulting has, since its inception, experienced year on year growth and with every year that has passed, Navis have entered new and different markets allowing us to boast that we are truly specialist within the market. Naturally, the oil price, coupled with all-time low Container freight rates, has made business harder and our international clients more tentative (lets save Brexit for another time).
During a downturn, some businesses will fold. Some businesses will halt investment and lean out their operations. Some businesses will continue to operate as normal with varying levels of success and some businesses will use industry down periods as a time to improve and invest in time for natural industry bounce back.
To survive, a business has to play to its strengths and take a good, long look at itself to improve its weaknesses.
Our clients and candidates fundamentally appreciate the following, which I would describe as our strengths.
Industry Knowledge
Customer Service
Honesty and Integrity
We Give Back
We, at Navis Consulting, will continue to play to our strengths and continue to look hard at our processes and procedures, have foresight and make improvements where necessary.
My Managing Director once told me to ‘hold my nerve’ and I have the same advice for clients and candidates calling me for my opinion or a timeframe. This current downturn is part of a cycle, the industry will see a return to widespread profitability but it is important to understand that there will be a next time. Use this time wisely to focus, make improvements and play to your strengths.
