The UAE logistics market is predicted to grow by 8.41 percent annually to reach $31.4 billion by 2026, a study by ADQ said.
The Abu Dhabi-based investment and holding company said the acceleration of e-commerce over the past two years has triggered a shift towards digitalisation in the sector, encouraging logistics companies to prioritise optimal distribution through automation, internet of things, blockchain, and new warehouse management procedures.
The ADQ study, titled ‘Destination Digitalisation: The Future of Logistics”, explored how the UAE can benefit from this growth to build a more resilient and agile mobility and logistics sector anchored on data analytics, automation, and digital platform solutions to increase supply chain productivity, minimise costs, and foster greater transparency.
The paper identified five key drivers to foster the emergence of a data-driven interconnected global logistics network for a more secure and future-proofed supply chain.
They include digitised customer interactions to improve speed and quality of service while lowering the cost of sales, improved operational efficiencies using advanced data analytics, enhanced data ecosystems for collaboration between carriers, terminals, and customers to share data pools, and public-private partnerships among industry players to build innovative fit-for-purpose solutions at scale.
“As the UAE accelerates its economic development, national supply chains that are essential to facilitating global trade will be at the heart of this transition,” the study said.
This paper emphasized ADQ’s focus on ensuring commercial activities continue at speed and scale for the long-term digitalisation is embedded in the future of logistics.
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