In a region already at the forefront of innovation, another sector looks ripe for technological disruption
supply chain technology
Latest in supply chain technology
cargo operations
DP World’s spectacular performance and fiscal policies earns Moody’s upgrade
The credit rating agency praises DP World’s diversified global operations and how it reduced net debt to EBITDA below 4.0x
DP World
DP World to use metaverse technology to solve supply chain challenges and expand reach
Use of the technology will provide full visibility to take corrective actions in case of logistic bottlenecks
digital freight solutions
UAE logistics startup TruKKer scripting global plans with planned forays into CIS, East European countries
The UAE-born, Saudi-headquartered startup – a probable candidate for becoming the next unicorn from the UAE – is also learnt to be seriously considering an acquisition to accelerate its growth plans and an announcement could be expected soon
business funding
TruKKer raises $100 million ahead of IPO plans, backed by Investcorp, Mubadala
The funds were raised from investors including Bahrain-based asset manager Investcorp and Abu Dhabi wealth fund Mubadala Investment Co
Dubai
Dubai’s new smart free zone market Yiwu to open on June 28
The market will also offer ‘Yiwu Connect’, a dedicated area that allows cross-border networking and information exchange between traders in Dubai and factories in China
customer experience
Metaverse to help DP World offer immersive shopping, virtual training, reduce costs
DP World’s new metaverse – DPMETAWORLD – will go beyond social networks and entertainment to include education, trade, and government services
cargo vessels
Decentralising cargo movement could ease supply chain issues such as port congestion, rising freight costs: expert
Traders, shipping lines, drivers, feeder vessels and government departments all have a part to play to help reduce an already struggling system, the chief commercial officer at Gulftainer said
digital infrastructure
How the Covid-19 supply chain crisis has transformed IT forever
Kyndryl shares insights into how CIOs can navigate supply chain issues
Coronavirus Pandemic
Revealed: The looming crisis facing the GCC retail supply chain
UAE Retail Industry Think Tank urges retailers and banks to come together to provide easier access to working capital to suppliers and manufacturers
AI in supply chain
How AI is transforming the MENA supply chain
The MENA region stands as a critical crossroads in the global supply chain infrastructure
ADQ
Abu Dhabi’s ADQ and Mubadala join Trukker’s equity and debt round
Abu Dhabi-headquartered Trukker raised $96m in fresh financing from investors with ADQ and Saudi Technology Ventures leading the equity funding round
Agility
Kuwait’s Agility to continue investing in supply chain, CEO says
Agility is currently evaluating the best options for expanding its business, with next year being “a fair time to expect something”, Tarek Sultan said
digital freight solutions
Abu Dhabi-headquartered Trukker set on regional expansion
After recently venturing into Oman, Jordan, Bahrain and Turkey, the digital land-freight network has its eyes on two more countries before year-end
digital transformation
Why digital innovations are key for more efficient, cheaper and sustainable global trade
‘Digital mobility has the power to democratise the power of trade,’ according to DP World executive VP Mohammed Al Muallem
acquisitions
UAE-based Trukker strikes deal to acquire Pakistan’s Trucksher
Acquisition deal is a first for the Saudi and UAE-backed start-up venture for geographic expansion
E-commerce
How technology helps the logistics sector during its busiest times
How firms ensure that a massive volume of shipments reaches its intended destinations within a given timeframe