Source: Khaleej Times
Dubai Customs on Sunday launched the World Logistics Passport as part of the implementation of the first phase of the Dubai Silk Road strategy. The passport will help boost the role of the Dubai Silk Road and enhance demand for Dubai's products, services and integrated transportation systems. The unique initiative also further raises the growing role played by Dubai Customs in regional and international trade.
Commenting on the initiative, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and chairman of the Dubai Executive Council, said that the implementation of the Dubai Silk Road strategy marks the beginning of a new phase of economic growth that will further boost Dubai's position as a global economic and business hub, powered by its exceptional connectivity and logistics services.
The World Logistics Passport offers a set of unique operational and financial advantages for businesses and shipping companies by connecting government entities, including Dubai Customs and Dubai Trade, with logistics service providers like DP World and Dnata, and facilitating commercial transactions among concerned bodies in Dubai.
Sheikh Hamdan said the Dubai Silk Road strategy paves the way for a major growth leap that will expand the UAE's role in the global economy based on the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. He emphasised the importance of the logistics sector as a key driver of economic diversification as highlighted by the 50-Year Charter.
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.
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