Dubai to highlight supply chain solution at global meeting

DUBAI — Dubai’s business proposition as a regional hub for integrated supply chain management is to be spelt out later this month at a gathering in the emirate of the world’s leading supply chain professionals.

By A Staff Reporter

Published: Mon 13 Feb 2006, 9:53 AM

Last updated: Sat 4 Apr 2015, 2:35 PM

The three-day Global Supply Chain and Logistics Conference, organised by the leading industry body, the Council of Supply Chain Management Professionals (CSCMP), will be held at the Jumeirah Beach Hotel from February 21-23.

And the intensive programme includes a special breakout session devoted to education and best practices at which Michael Proffitt, CEO of Dubai Logistics City, will spell out the emirate’s regional hub proposition.

“Dubai Logistics City will address the holistic needs of entire supply chains by providing a truly integrated logistics platform instead of the traditional, and more limited focus on transport providers and operators,” said Proffitt.

“The right hub solution is crucial to this industry because supply chain failures can be very costly. A recent study by the Georgia Technical Institute and University of Western Ontario, which covered some 861 public companies which had experienced supply chain problems over a 10-year period, reported that when a company announces a supply chain malfunction, such as production or shipment delays, its stock price tumbles nearly 9 per cent and losses can be as great as 20 per cent over six months. That’s how serious it is!”

Spread over 25 square kilometres, Dubai Logistics City is a key component of the world’s first truly multi-modal transport platform under a single customs-bonded and free zone area. Due to be operational at the end of 2007, DLC, which is the first phase of the huge Jebel Ali Airport City, will eventually combine all required transport modes with a logistics zone with ample space for warehousing and other logistics services, such as order fulfilment, merge-in-transit, postponement-in-assembly, kitting and packing.

“The location, mantra of the real estate industry holds good for DLC,” said Proffitt. “It lies next to Jebel Ali Port, now the world’s 10^th biggest container port, and directly adjacent to Jebel Ali International Airport.

“In designing our world-beating offering we listened to the requirements of supply chain masters, he added.