With its modern infrastructure, Free Zones, and strategic location – providing access to more than three billion people in the MEASA region, and up to five billion people within an eight hour flight time – the UAE continues to be a popular regional supply and re-distribution gateway for multi-national companies.
Already an important logistics hub, the UAE remains ambitious. Transportation and logistics contributed around $29.8 billion to UAE GDP in 2015 with 45% of this going to Dubai.
With the Logistics industry accounting for more than 14% of its GDP, Dubai recently launched a new ‘Silk Road’ strategy aiming to establish the emirate as a global trade and logistics hub.
At the heart of the supply chain sector in the region, keeping a finger on the pulse of the global industry is the Supply Chain Logistics Group (SCLG) – a membership organisation dedicated to advancing the supply chain and logistics industry in the region. Their members include local heavyweights from DP World to Al-Futtaim as well as multi-nationals like UPS, Sony, Siemens and most recently University of London.
As well as providing a great networking opportunity, attending their events has been a real eye-opener in terms of understanding the main trends in a rapidly changing industry.
Increasing levels of automation and emerging technologies including Artificial Intelligence (AI), Internet of Things (IoT) and Blockchain look set to reinvent the industry in the coming years.
With a new appreciation for supply chain and logistics I will certainly be keeping a close eye on developments in the field. For those of you working in the industry – whether you’re seeking to further your career in supply chain management or just interested in gaining insight into global trends in the industry – take a look at UoL’s new Supply Chain Management and Global Logistics programme.
Developed from in-depth research carried out by academics at CASS Business School, this is the only online programme to be accredited by both the Chartered Institute of Logistics and Transport (CILT) and the Chartered Institute of Procurement and Supply (CIPS). Check it out.