Mitigating Supply Chain Risk during Natural disasters

Team will need to review the list of all the vendors and after discussions with Citgo personnel, will need to confirm list of critical suppliers/contractors.
Review of supplier/contractor locations to determine the impact on critical supply/contractors in the event of natural disaster or pandemic.
Based on the path of natural disaster and/or pandemic, review manufacturers as they may be in areas of supply impact if natural disaster were to hit their locations.
Develop plan for addressing supply/contractor disruption concerns proactively and suggest course of action based on paths of hurricanes and other events

Summary
- CITGO Petroleum has 2 refineries on the Gulf Coast (Corpus Christi, TX and Lake Charles, LA) and 1 in Northern US (Lemont, IL). The Non-Hydrocarbon Procurement group of CITGO manages a spend in the range of $1.1B per year with over 2300 active vendors. In the event of a natural disaster or pandemic, the supply chain continuity of certain key categories becomes an issue based on location of the vendor. CITGO would like the team to recommend actions that Non-HC Procurement team/ Refinery Operations team should take to minimize the impact to the business during natural events.
Sponsor
- CITGO Petroleum Corporation
Semester
- Fall 2023
Academic Area
- Operations Management

Mining, Oil and Gas Extraction