Global supply chains under pressure from geopolitics and inflation
The Global Freight Summit kicked off in Dubai on 15 November, drawing in 4,000 participants from across the world to address the industry’s challenges, as per a research conducted by DP World. His Royal Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai inaugurated this year’s summit. Despite acknowledging challenges from geopolitical uncertainties, communication gaps, and heightened competition, more than 60 per cent of forwarders said they were ‘optimistic’ of 2024. When it comes to operating sustainably, 59 per cent of freight forwarders surveyed are exploring alternative modes of transport or offering emissions tracking tools to their clients. Distinguished guests, including Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, His Excellency Helal Saeed Al Marri, Director General, Dubai Department of Economy and Tourism, Steve Wozniak, Co-Founder Apple Computer Inc., JB Straubel, CEO, Redwood Materials & Co-Founder, Tesla Motors, among others, participated in the summit.