Africa, South America businesses most concerned about high transportation costs: DP World study

Africa, South America businesses most concerned about high transportation costs: DP World study

Dubai: Businesses based in South America and Africa have a more ‘negative’ outlook due amid rising inflation, geopolitical tensions and port congestion. For example, 42.5 per cent and 49.5 per cent of executives surveyed in South America and Africa, respectively, identified higher transport costs as the top limitation for increasing exports. This compared to 19.9 per cent for those in China, 27.5 per cent in India and 25 per cent in UAE. The study, conducted by Economist Impact, surveyed executive-level participants representing businesses in 26 countries. The research was commissioned by DP World, global logistics company and a key participant in the World Logistics Passport. “This new data tells us that different countries and regions are having remarkably different experiences of the same supply chain pressures,” said Mahmood Al Bastaki, General Manager of the World Logistics Passport, the DP World initiative that aims at creating a smoother flow for global trade. “With export prospects for businesses in South America and Africa more likely to be impacted by rising transport costs, the private sector is in need of solutions that will help increase efficiencies and lower these costs to help ease inflationary pressures.” Improvements in port and logistics infrastructure are cited