Saudi Arabia Seeks to Open New Markets to Confront Global Supply Chain Crisis

Saudi Arabia Seeks to Open New Markets to Confront Global Supply Chain Crisis

The Council of Saudi Chambers (CSC) is seeking to open new markets to achieve food security for essential commodities amid the global supply chain crisis.

The food supply chain crisis led to an increase in the prices of many food commodities and raw materials, and its impact included the oil markets and logistics services.

A recent study prepared by the Assistant General Secretariat for Economic Affairs of the Council revealed the repercussions of the crisis on the local and global economy, indicating that the Kingdom is a pivotal country with an effective influence on the stability of global economic markets.

The study said the global crisis affected many food, energy, and industrial chains, stressing the need for efforts to achieve food security for basic and other commodities.

It has supported and enabled importers and producers in the private sector to maintain price levels of a strategic stock of commodities with high food risks and other items necessary for achieving food security and comprehensive development in the Kingdom.

The study stated that the Council worked through the private sector to open new markets to import alternative goods in the short- and medium-term and maintain price levels at the purchasing power of citizens for most food and