The Abu Dhabi ports recently launched its white paper titled: “Ensuring Supply-Chain Resilience in 2020 and Beyond”, at a high-level expert webinar. The white paper compiled the insights of global logistics experts based on their experiences.
The white paper stresses that to overcome the challenges raised by COVID-19, it is integral to establish supply chain resilience for the companies engaged in global trade.
Supply chain stability is vital to every business’s survival, as it dictates the ability to continue the operations in the event of a disruption. The companies that can boast of superior resilience can not only protect and sustain their markets in uncertain times but also can take advantage of the opportunities once the crisis subsides, according to the report.
The white paper also consists of the experts’ opinions on how to deal with international shocks while also understanding the competitive advantage of the unparalleled logistical turmoil that COVID-19 has brought about.
Abu Dhabi Ports is of the opinion that companies with stable supply chains have a greater chance of success based on their risk appetite. They are, in fact, developing a culture of risk management, the ability to use and act on data, investing in technology and embracing external expert views.
Robert Sutton, Head of Logistics Cluster, Abu Dhabi Ports, said: “This white paper captures contemporary thinking from some of the leading minds in the complex world of supply-chain management. We are eager to share their findings, and our own insights, with our entire ecosystem of Abu Dhabi Ports’ stakeholders, from Brazil and the United States to the UK, Saudi Arabia, India, and China.
The webinar, named “Trade and Logistics in the Time of COVID-19”, witnessed the participation of hundreds of industry experts from the banking, food, and logistics sectors.