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.
Mauritius Maritime Week 2022 , The Ravenala Attitude, Mauritius 13th -15th December 2022
Annual GPCA Forum , Hilton Riyadh Hotel & Residences, Riyadh, Saudi Arabia 06th -08th December 2022
Intermodal Africa , Hotel Sarakawa, Lomé, Togo 22nd -24th November 2022
Seamless Saudi Arabia , Riyadh International Convention & Exhibition Centre 02nd -03rd November 2022
DIGITAL TRANSFORMATION CONFERENCE , Virtual Event 01st -02nd November 2022
Asean Ports & Shipping , InterContinental Saigon, Ho Chi Minh City, Vietnam 25th -27th October 2022
World Breakbulk Expo , Shanghai, China 25th -26th October 2022
Indonesia International Transport, Logistic, Equipment & Service Exhibition , Jakarta, Indonesia 05th -07th October 2022
Supply Chain Digitization 2022 , Virtual Event 17th -18th October 2022
Malta Maritime Summit , Malta Marriott Hotel & Spa in St. Julian’s, Malta 03rd -07th October 2022
IATA World Cargo Symposium , London, England 27th -29th September 2022
Baltic & Black Sea Ports & Shipping , Vanagupe Hotel Conference and Spa Center, Palanga, Lithuania 27th -29th May 2022
7th GPCA Research and Innovation Conference , Address Sky View Hotel, Dubai 26th -27th September 2022
Seamless North Africa , Cairo, Egypt 20th -21st September 2022
China (Shenzhen) International Logistics and Supply Chain Fair (CILF) , Shenzhen, China 22nd -24th September 2022
Transport Logistic and Air Cargo Southeast Asia , Marina Bay Sands Convention Centre, Sungapore 13th -15th September 2022
BIMP-EAGA 2022 , Shangri-La's Tanjung Aru Resort and Spa, Kota Kinabalu, Sabah, Malaysia 02nd -04th August 2022
Intermodal Africa , King Fahd Palace Hotel Dakar, Senegal 28th -30th June 2022
Philippine Ports and Shipping , Sofitel Philippine Plaza Manila, The Philippines 21st -23rd June 2022
44th Annual SAPICS 2022 In-Person Conference & Exhibition , Capetown, South Africa 12th -15th June 2022
Trans Middle East , Radisson Blu Hotel, Manama, Bahrain 31st -02nd June 2022
Seamless Middle East , Dubai World Trade Centre 31st -01st June 2022
Digital Sypply Chain Show , Address Hotel, Dubai Marina, Dubai 25th May 2022
Mediterranean Ports and Shipping , Hoteli Bernardin Portorož, Slovenia 24th -26th May 2022
Airport Show , DWTC, Dubai 17th -19th May 2022
13th GPCA Supply-Chain Conference , Hilton Dubai Al Habtoor City Dubai UAE 17th -19th May 2022