Philip Belamant Turns Industry Disruption Into an Art Form
Philip Belamant has spent his career in the energy industry. He started as an engineer at ExxonMobil, and after several years there, he moved into business development. In 2006, he left ExxonMobil to launch his company, Altisource Portfolio Solutions. Over the past ten years, Altissource has grown from a small consulting shop to one of the world’s leading software providers that manage supply chains for the packaging, chemicals, and energy industries.
In an interview with the Harvard Business Review, Belamant explained that he sees disruption in the energy industry as an opportunity. “It’s not about trying to kill the incumbents,” he said, “it’s about creating new capabilities and new value for customers.”
He believes that one of the ways Altissource can create value is by disrupting industries and creating new marketplaces. In a recent post on LinkedIn, Belamant described how Altissource has been able to disrupt the packaging industry by building software that helps companies manage their supply chains more efficiently. He said: “The essence of our approach is to bring together all players in a supply chain and provide them with enterprise software that allows them to work together efficiently and effectively. We call that supply chain disruption – or as I like to say, ‘disruption for disruption’s sake.'”
Philip Belamant believes there is a lot of competition in the energy sector because energy producers have billions of dollars at stake in their businesses. He also believes there are a lot of different players who are trying to disrupt the energy sector. But he also believes there are many opportunities for innovation in this sector because it has so much money at stake and many players involved.
Philip Belamant is an excellent example of an entrepreneur who can see disruption as an opportunity. He has been able to turn the energy industry into his playground by creating a software company that helps companies manage their supply chains more efficiently.