Various trade advantages and business opportunities offered by World Logistics Passport were discussed at the VIP event held at the summit
November 23, 2022: Whiteshield, a global strategy and public policy advisory firm presented the Global Freight Resilience Index 2022 (GFRI) during the Global Freight Summit, organized by DP World in Dubai, at a VIP session that discussed major trends in logistics and trade.
The GFRI is an annual study that covers two main pillars such as Policy Opportunity and Freight Performance, and it highlights areas that governments and private sector should prioritize to enable collective action and coordination to build resilience, mitigate risk and promote inclusive growth, especially amongst most vulnerable communities. According to the study, the UAE has been improving and strengthening its logistics resilience over the past three years, thanks to various initiatives to remove trade barriers and promote investments in technology and infrastructure, consolidating the country as a global trade hub. The World Logistics Passport (WLP) is one of the key initiatives, launched at the World Economic Forum in Davos in 2020 and that is now present in 45 countries, creating a strong network of players to smooth the trade flows.
Whiteshield collaborated with WLP to hold a VIP session at the event that was hosted by H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Steering Committee of WLP, and also counted with prominent discussion leaders as H.E. Sultan Ahmed bin Sulayem, H.E. Sultan bin Saeed al Mansoori, both members of the Steering committee, Mike Bhaskaran, CEO of WLP, and Mr. Anthony O’Sullivan, Partner and Director of Whiteshield, among others.
Global companies like Amazon, Boeing, Pfizer, Musgrave, Microsoft, among others, were represented at the VIP session by their top level executives and had the opportunity to discuss their logistics challenges and how the WLP could collaborate in overcoming these barriers. At the end of the session, the companies were also awarded with WLP’s high-tier membership.
Fadi Farra, Managing Partner of Whiteshield, said: “The Global Freight Summit is a significant milestone in the freight and logistics calendar, bringing together leaders from business, government, and international organisations to discuss the key trends shaping the industry. In collaboration with the World Logistics Passport, we intend to strengthen international cooperation to provide businesses with the necessary conditions, information, and incentives to realise the full potential of global trade.”
Anthony O'Sullivan Partner and Director at Whiteshield, said: “International trade is critical to the global economy, as it significantly contributes to development and employment opportunities. The GFRI is a good indication of how a country might react to a crisis such as COVID-19 and how quickly it can recover, which are critical insights for businesses to make far reaching choices as they build facilities, extend supply chains, and cultivate new markets. It also enables policy makers to make informed decisions. Thes Global Freight Summit brings together business, government, and international leaders to discuss key trends shaping the freight and logistics industry. We believe this is an ideal platform for attendees to hear from prominent speakers and connect with industry professionals in the field to discuss how we can address some of the biggest challenges and opportunities present in the sector.”
