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According to a new white paper issued by the Dubai Chamber of Commerce on the 12th, the Chamber of Commerce needs to re-adjust the services they provide to members in order to remain effective corporate advocates in the post-pandemic era.day The World Chamber of Commerce (12WCC), opened today in Dubai.
title: Next Generation: Chambers 4.0-Turning Disruption into Global Business Opportunity, The report identifies the major trade and technology trends, challenges and opportunities emerging in the current business environment, as well as recommendations for chambers of commerce that are keen to adopt Chambers 4.0 and innovation to stay relevant in the face of new realities.
Key points and recommendations include that the Chamber of Commerce must work hard to cultivate an entrepreneurial ecosystem to support small and medium-sized companies that will continue to play an important role in the global economy; environmental, social and governance principles will become key drivers of future business; and companies must position themselves To achieve the challenge of net zero carbon emissions.
The report pointed out that the government needs to implement reforms, incorporate digital requirements into trade agreements, and provide significant economic benefits, efficiency gains, and environmental returns through digital trade shows. Digitization and automation and data intelligence chains have also been emphasized as necessary conditions for modernizing the supply chain and improving efficiency. The vulnerabilities of the supply chain were exposed during the pandemic.
His Excellency Hamad Buamim, President and CEO of the Dubai Chamber of Commerce and Chairman of the International Chamber of Commerce and the World Chamber of Commerce, commented on the report that companies are now facing some of the biggest challenges they have ever faced. The Chamber of Commerce They need to reconfigure their services to help companies meet these new needs.
“In 2021, the world is at a crossroads. Governments and companies must adapt to the new normal and learn to navigate a world where work habits are completely subverted. The climate crisis is more urgent than ever, and the threat to international trade and global cooperation remains Existence. Cooperation and open and constructive dialogue are needed to ensure the success and prosperity of future generations,” he said.
“This report explores how the next generation of chambers of commerce can help companies use new technologies to continue the accelerated digital transformation during the Covid-19 pandemic. It examines how SMEs must adapt since the pandemic began, and the next generation: Chambers 4.0 How to continue to support this core pillar of the global economy,” he said.
HE Buamim added that the Dubai Chamber of Commerce white paper is an important reference tool that can guide the Chamber of Commerce to outline its strategy of transitioning to Chamber of Commerce 4.0 and embrace innovation. He also added that the report lays the foundation for building a framework for Chamber of Commerce activities, a kind of work in Dubai. Explore on the 12WCC.
The Environmental and Social Governance (ESG) section of the “Next Generation: Chamber of Commerce 4.0” white paper incorporates research into its analysis of the direction of the Chamber of Commerce, highlighting a survey of CEOs by Oxford Business Group in 2021, which found 40.6% of Interviewers said that the pandemic has had a significant impact on the market’s interest in ESG options.
In the analysis of the supply chain, the paper cited a survey of global supply chain executives released by Ernst & Young in February 2021, in which 64% of the respondents indicated that digital transformation will be accelerated by the pandemic, and more than half Of people say that autonomous supply chain use of unmanned forklifts and robots in warehouses is either already in place or will appear in the mid-2020s.
Regarding the increasingly important role of SMEs in the post-pandemic era, the white paper drew attention to France. In October 2020 alone, France registered 84,000 new companies-an increase of 20% over the previous year, a record high. And its evaluation report on the digitization of the trade ecosystem stated that by 2026, digitization may increase the trade of G7 countries to nearly US$9 trillion—a 46% increase from the 2019 figure.
Finally, considering the future of the workforce, the paper cites a 2019 study commissioned by the British Industrial Strategy Council. The study reported that by 2030, there will be 7 million workers in the UK who cannot meet their job requirements—about a share of the labor market. 20%. It found that basic digital skills will be the most lacking. In the next ten years, there may be 5 million workers with severely insufficient skills in basic digital knowledge.
12dayThe Dubai World Chamber of Commerce Conference will be held at Jumeirah Fort, Dubai on Thursday, November 25. The three-day event will explore the role of the Chamber of Commerce in a world that has been irreversibly changed by the global pandemic. The conference is co-hosted by ICC-WCF and the Dubai Chamber of Commerce. It is the first since the coronavirus outbreak. Its plan is to help the Chamber of Commerce develop courses suitable for the new business era.
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