The global supply chain and logistics industries have faced immense challenges over the past 12 months, especially with the unbalanced supply and demand and the corresponding geopolitical instability driving further disruptions to the already vulnerable global supply chain. To reflect upon the latest challenges and trends shaping today’s logistics and supply chain sectors, the Leaders in Logistics Summit 2022 was organised on December 8, 2022, at the Grosvenor House in Dubai.
The global supply chain and logistics industries have faced immense challenges over the past 12 months, especially with the unbalanced supply and demand and the corresponding geopolitical instability driving further disruptions to the already vulnerable global supply chain. To reflect upon the latest challenges and trends shaping today’s logistics and supply chain sectors, the Leaders in Logistics Summit 2022 was organised on December 8, 2022, at the Grosvenor House in Dubai.
Dr Arindam Banerjee – Associate Professor and Assistant Dean – Global MBA and Master of Global Business, SP Jain, was invited as the keynote speaker at the Summit. The theme of his speech was “The impact of inflation on supply chain businesses and customers”.
Some of the key points discussed by him at the event were:
- Are we heading towards a global recession?
- What does it mean for the region’s supply chain and logistics sectors?
- The impact of slowed-down global trade on the logistics and supply chain industries.
- Stress testing supply chains by mapping critical value chains to mitigate the effects of inflation.
- Key learnings from the pandemic and how they can be leveraged to navigate future adversities.
Several notable leaders in the Logistics and Supply Chain areas from UAE were present at the Summit.
Dr Banerjee shared the five key takeaways from the event:
- Balancing supply chain governance between the state and industry stakeholders to ensure convergence.
- Developing resilient supply chains to withstand future disruptions.
- Mitigating the uncertainty and risk factors threatening economic activity and global trade operations.
- Key investment areas to boost the industry’s digital capabilities.
- Promoting economic competitiveness and sustainable growth within the region.
The Leaders in Logistics Summit 2022 thus aimed to underline the role of disruptive technologies, innovations, and finance solutions in advancing the industry’s sustainability agenda and realising its objectives to achieve net-zero carbon emissions by 2050. Given the ongoing geopolitical instability, it further highlighted the rapidly changing logistics and supply chain landscapes.