Inflation, geopolitics top concerns for global supply chain in next 5 years: DP World study

Inflation, geopolitics top concerns for global supply chain in next 5 years: DP World study

DUBAI: Inflation and geopolitical tensions are set to dominate concerns for the global supply chain over the next five years, according to a DP World study released today.

DP World surveyed dozens of freight forwarders in October. The study paints a stark picture of an industry in turbulence, with climate change and access to talent weighing heavily on business resilience and the ability to create seamless supply chains.

Some 63 percent of the respondents said Inflation is a main concern, while 56 percent cited geopolitical tensions as another major cause of concern.

The findings from the survey were showcased at the Global Freight Summit, three-day conference that brings together industry experts, leaders and innovators under one roof to share knowledge and focus on how data can improve connectivity in global supply chains.

The event was inaugurated by H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman and CEO of Emirates airline and Group and Chair of the World Logistics Passport (WLP) Global Steering Group, and attended by Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, as well as members from the Digital Freight Alliance (DFA).

This is having major ramifications for businesses. Around 10 percent of