By Robeel Haq
Looking back on 2010 and it seems the Middle East logistics industry is experiencing a much-awaited rebound from the global downturn.
Looking back on 2010 and it seems the Middle East logistics industry is experiencing a much-awaited rebound from the global downturn. Following two of the most challenging years in the sector’s history, we’re noticed a steady increase in cargo volumes and demand is returning for warehousing and transportation services too.
In response, our annual review issue is packed with stories about the launch of innovative services, brand new contract signings and a host of warehouse openings – from the Majaal storage complex in Bahrain to Abdulla Fouad’s national distribution centre in Saudi Arabia to the new AW Rostamani Logistics hub in Dubai.
Moving ahead, with 2010 finally drawing to a close, its time to start thinking about the future, with growth forecasts in the region being a lot more positive, especially when compared to this time in 2009. Of course, it’s important to keep your expectations as realistic as possible and the general consensus is that the recovery will continue in 2011, but the process will remain slow and steady - a situation that most of the companies in this annual review issue have welcomed with open arms.
We’re also starting the countdown for next year’s Supply Chain and Transport Awards (SCATA), which have proved a remarkable success in the previous four years and promise to return on a bigger scale in 2011. Given the economic climate and the attitude that ‘change is around the corner’, the awards will offer a perfect opportunity to celebrate the logistics industry’s biggest achievements in the past year. Further information will be provided in the coming months, but if you have any suggestions for the SCATAs, now’s the time to get in touch.
Robeel Haq, is the senior group editor of Logistics Middle East.