Group Chairman & Founder, SCLG Chairman & Managing Partner, innovaXL
Due international trade and global supply chain are linking economies around the world, the changes manifested in one geographical region for sure impacts other region this isalso due increased globalization and connectivity. So as trade lanes change, the supply chain constructsas well change such changes are not only driven by cost but also for multiple other reasons including supply chain security and efficiency.
China is again being observed by experts globally for its attempt in getting focused on driving internal consumer economy than its past focus on export driven manufacturing economy. This is to be noted that official figures still suggest growth of China in GDP terms over 6% this is still a good growth. While IMF says that global economy growth is still too slow for too long in view of sluggish recovery, there are experts believing that the economy of China will stay a growth story and also be a combination of manufacturing centric export economy and growing service economy inside China.
Another positive growth story now comes from Eurozone. The Euro zone is displaying outlook of projected growth at +1.8% in GDP terms for this year this is indeed welcome after multiple incentive efforts including quantitative easing and introduction of negative interest rates. Hope the challenges appearing in terms of confusion in Greece can again be resolved in a positive way. Growth of Eurozone means sourcing inwards into Europe will increase. BREXIT referendum to be held on 23 rd June 2016 needs also to be on radar of all supply chain professionals in view that the decision arrived in terms of exit or continued membership of Britain in EU will impact trade structure not only inside EU but also globally for both near and long term planning bucket; for this region as well, this could again mean a possibility of amended trade lanes and of course with a spositive growth of trade flow.
The recent discussion that appeared in media on Saudia’s plan to sell up to 5% stake in Aramco will trigger new set of energy centric and growth oriented supply chains in region. Aramco will as well then be planning to become larger business driver in new energy vertical globally. Right here in region new economy initiatives are being developed year on year in energy and other sectors that need more consideration by conservative analysts when doing predictions for growth outlook in region. Fall in commodity prices and also oil prices have triggered corrective economic actions globally, for sure the benefits will now start appearing.
For supply chain planning sake, this is to be highlighted that there are still challenges in terms of volatile currency in multiple countries, economy related confusion in Greece, Brazil & Russia and chances of sudden shift in demand & supply pattern of basic commodities. However after a shaky start early this year, the outlook of economy has gained firmer and positive ground indicating that consumer confidence is rising again.
Founded in Dubai/UAE, SCLG is a membership driven industry business group with 200+ corporate members. SCLG is expanding internationally to continuously enhance its global foot-print.
Managing supply chain and logistics more effectively shall contribute to positive growth of economy in range of 3% to 5% (GDP terms).
Impact of climate change on managing supply chain should be on agenda of all supply chain professionals.
Oil and Gas industry should enlarge its theme to manage supply chains of larger energy domain.
Reduction in current level of wastage in food supply chain shall help mitigate poverty.
Managing Fresh water supply chain needs attention of all.
Sophisticated demand forecast and planning for sure helps improve efficiency of supply chain.
Breakbulk Middle East , Abu Dhabi, UAE 06th -07th February 2018
IOT Asia 2018 , Singapore Expo 21st -22nd March 2018
Breakbulk China , Shanghai, China 26th -29th March 2018
Blockchain West , Marines’ Memorial Club & Hotel, San Francisco 27th -28th March 2018
19th Intermodal Africa , Lunamar Hotel, Beira, Mozambique 27th -29th March 2018
Procurement Middle East Conference 2018 , Kingdom of Bahrain 08th -10th April 2018
Seamless Middle East 2018 , Dubai International Convention and Exhibition Centre 15th -16th April 2018
6th MED Ports 2018 , Grand Hotel Palazzo, Livorno, Italy 17th -19th April 2018
SMART PROCUREMENT & STRATEGIC SOURCING SUMMIT , RIYADH, KINGDOM OF SAUDI ARABIA 25th -26th April 2018
7th Black Sea Ports and Shipping 2018 , International Hotel Casino & Tower Suites, Varna, Bulgaria 08th -12th May 2018
Supply Chain Summit , Holiday Inn New Delhi International Airport 05th -06th June 2018
2018 International Pharma Logistics Exhibition and Conference , SNIEC, Shanghai, China 20th -22nd June 2018
8th India Warehousing Show 2018 , Hall 8 to 12, Pragati Maidan, New Dehli 21st -23rd June 2018
16th ASEAN Ports & Shipping 2018 , Renaissance Johor Bahru Hotel, Johor, Malaysia 03rd -05th July 2018
2nd LAST MILE ASEAN Conference & Expo , BITEC, Bangkok 20th -21st September 2018
2nd Baltic Ports & Shipping 2018 , Radisson Blu Latvija Conference & Spa Hotel, Riga, Latvia 25th -27th September 2018
15th Trans Middle East 2018 , Intercontinental Aqaba Resort, Jordan 23rd -25th October 2018
FoodEx Saudi 2018 , Jeddah Centre For Forums And Events Jeddah, Saudi Arabia 12th -15th November 2018
20th Intermodal Africa 2018 , Mövenpick Ambassador Hotel Accra, Ghana 27th -29th November 2018