Global logistics companies call for diversified supply chains
Resilient Global Trade and Investment, Group Chairman & Chief Executive Officer, DP World, Sultan Ahmed Bin Sulayem said, «The COVID-19 pandemic showed the resilience of global supply chains.»
"Nearshoring was mentioned in 2013-14, but when covid happened, people realized we cannot rely on product produced in one part and shipped to other world and I mean China and Far east, it is clear Manufacturers have to come to consumers," he said.
While countries like India have been successful in getting global manufacturers like Apple to invest, significant reforms are needed to encourage a shift towards becoming an export-oriented nation.
Sulayem said there is an urgent need to reform the Customs clearance framework if a country wants to become an export hub. «If you want to become an export country, then the laws have to be changed.
