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.
The Airport Show 2017 , Dubai International Convention & Exhibition Centre Za'abeel Halls - 4,5,6 15th -17th May 2017
MENA Pharmaceutical Cold Chain 2017 , Dubai, UAE 16th -17th May 2017
6th Black Sea Ports & Shipping 2017 , Sheraton Batumi Hotel, Georgia 18th -19th May 2017
Procurement Middle East Conference 2017 , Kingdom of Bahrain 22nd -24th May 2017
Supply Chain Innovation Summit 2017 China Focus , Shanghai, China 25th -26th May 2017
7th Annual Manufacturing Supply Chain Officer Summit 2017 , Singapore 08th -09th June 2017
Gulf Information Security Expo & Conference (GISEC) , World Trade Dubai 21st -23rd May 2017
Africa Rail 2017 , Sandton Convention Centre, Johannesburg 13th -14th June 2017
Aviation Festival Africa 2017 , Sandton Convention Centre, Johannesburg 13th -14th June 2017
15th ASEAN Ports and Shipping 2017 , Sule Shangri-La, Yangon, Myanmar 06th -07th July 2017
Fleet Management Asia Summit 2017 , Singapore 25th -28th July 2017
Africa Solar + Energy Storage Congress & Expo 2017 , Kenya 27th -28th June 2017
India Warehousing 2017 , Pragati Maidan, New Delhi 27th -29th July 2017
India Material Handling & Logistics Show (IMHLS) , Pragati Maidan, New Dehli India 27th -29th July 2017
Baltic Sea Ports & Shipping 2017 , Radisson Blu Hotel Olümpia, Tallinn, Estonia 28th -29th September 2017
Asian Downstream Summit 2017 , Sands Expo & Convention Centre, Singapore 25th -26th October 2017
5th MED Ports 2017 , TRYP Barcelona Apolo Hotel, Spain 26th -27th October 2017
18th Intermodal Africa 2017 , Radisson Blu Hotel Abidjan, Ivory Coast 29th -30th November 2017
Saudi Transtec 2017 , Dhahran International Expo Center (DIEC) located in Dammam in the Eastern Province of the Kingdom of Saudi Arabia. 05th -07th December 2017