Even businesses that have no direct dealings with the US can find themselves caught in the crossfire
supply chain disruption
Latest in supply chain disruption
global trade war
UAE, Gulf supply chains go local despite easing global trade tensions: Experts
Even as global trade tensions ease, UAE and Gulf businesses double down on local supply chains — betting that resilience, not global reach, is the key to future-proofing
Building materials
Dubai developers capitalise on local supply chains as Trump tariffs drive up construction costs
Price increases are directly impacting project plans, with many developers making significant adjustments to maintain viability
Donald Trump
Trump tariffs to drive up UAE, Saudi Arabia construction costs up to 7%: Report
The UAE and Saudi Arabia currently have over $2.3 trillion in active projects which could be impacted by the rising prices of key materials such as steel and concrete over the next 1-2 years
Donald Trump
Experts predict short-term change in UAE property market as a result of Trump tariffs
The UAE and other regional markets to gain in the supply chain sector as suppliers seek alternative markets, following Trump’s tariffs
maritime business
Red Sea attacks disrupt trade in India, MEA as freight, trade finance costs surge amid major delays
Industry insiders said the Red Sea supply disruption has put the entire financing cycle in jeopardy, impacting credit flows to companies and traders, with SMEs facing the maximum brunt
supply chain
India, US, and 12 other IPEF members sign supply chain resilience agreement
To implement and monitor the agreement, the bloc would set up The IPEF Supply Chain Council
DP World
The GCC is the ideal place to innovate and enhance global supply chains
In a region already at the forefront of innovation, another sector looks ripe for technological disruption
climate action
WTO cautions productivity losses, supply chain disruptions if climate change actions not accelerated
Latest report by the trade body pointed out that trade is a force multiplier for countries’ adaptation efforts in the face of climate disruptions, reducing costs of technologies and critical goods and services
China
DP World to help Chinese trade zone bounce back with logistics solutions
Jafza owners will deploy the World Logistics Passport programme, which will provide Chinese businesses with faster and more cost-efficient access to global markets
Localisation of production
Middle East market for high-tech products could reach $125 billion by 2025, says report by PwC arm
The report called for Middle East countries to increase localisation of production in these industries to maximise revenues from them, instead of importing them
economic outlook
IMF chief warns of ‘increased risk of recession’ in 2023, as the lender looks to cut global growth forecast again
She highlighted three actions that could be done to navigate a “sea of troubles,” including bringing down inflation, fiscal policy reforms, and an impetus for global cooperation led by G20
air cargo
Global air cargo continues to fall amid ongoing supply chain crisis
Easing of lockdowns in China a respite for improvement in key markets
automobile manufacturers
Car supply chain problems are ‘poised to continue through 2024’
Industry analysis shows that constraints will persist even though chip availability continues to improve, according to a global consulting firm
Artificial intelligence
Special attention must be given to worker morale and well-being in post-Covid world: Sheikh Nahyan
The post-Covid world will also have to deal with continued tech development, remote working and learning, cybersecurity, diversity and inclusion, inflation and high prices, as well as new models of service delivery and customer satisfaction, the UAE Minister of Tolerance and Coexistence said
Century Financial
Why inflation is here to stay
Ongoing geopolitical tensions and supply-side bottlenecks are driving a global increase in fuel and wheat prices
Bain & Company Middle East
Supply chains in the GCC consumer goods industry found lacking after Covid litmus test
Region’s FMCG industry is still grappling with the impact of coronavirus as prices of raw material have increased along with price inflation
