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The latest Global Freight Resilience Index (GFRI) highlights the various trade advantages and business opportunities offered by the World Logistics Passport.
The study also said that the UAE has been improving and strengthening its logistics resilience over the past three years, thanks to various initiatives to remove trade barriers and promote investment in technology and infrastructure, strengthening the country’s position as a global trade hub.
Global strategy and public policy consultancy Whiteshield presented the index at DP World’s Global Freight Summit in Dubai.
GFRI, an annual study covering two main pillars of policy opportunities and freight performance, highlights areas where government and the private sector should prioritize for collective action and coordination to build resilience, mitigate risk and foster inclusive growth , especially disadvantaged groups in most countries.
According to the study, the World Logistics Passport (WLP), one of the key initiatives launched at the World Economic Forum in Davos in 2020, is now available in 45 countries, building a strong network of players to smooth trade flow.
Whiteshield partnered with WLP to host a VIP session at the event chaired by WLP Steering Committee Chairman Sheikh Ahmed bin Saeed Al Maktoum and featured prominent discussion leaders such as Sultan Ahmed bin Sulayem, Sultan bin Saeed Al Mansoori, two members, Mike Bhaskaran, CEO of WLP and Anthony O’Sullivan, Partner and Director of Whiteshield, among others.
Top executives from global companies such as Amazon, Boeing, Pfizer, Musgrave, Microsoft and more attended the VIP session and had the opportunity to discuss their logistics challenges and how WLP can collaborate to overcome these obstacles. At the end of the conference, the companies also received premium memberships in WLP.
Fadi Farra, Managing Partner, Whiteshield, said: “The Global Freight Summit is a major milestone in the freight and logistics calendar, bringing together leaders from business, government and international organizations to discuss key trends shaping the industry. In partnership with World Logistics Passport , we intend to strengthen international cooperation to provide businesses with the necessary conditions, information and incentives to realize the full potential of global trade.”
O’Sullivan said: “International trade is vital to the global economy as it makes a major contribution to development and job opportunities. GFRI is a good indication of how a country might respond to a crisis such as Covid-19 and how quickly it can recover , these are important insights for companies to make far-reaching choices as they build facilities, expand supply chains, and cultivate new markets. It also enables policymakers to make informed decisions.
“The Global Freight Summit brings together business, government and international leaders to discuss the key trends shaping the freight and logistics industry. We believe this is the ideal platform for attendees to hear from renowned speakers and engage with industry in the field professionals to discuss how we can address some of the biggest challenges and opportunities that exist in the industry,” he said. – trade arab news agency
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