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UNCTAD Advocates for Resilient Global Supply Chains Amid Trade Disruptions

UNCTAD Advocates for Resilient Global Supply Chains Amid Trade Disruptions
The inaugural United Nations Global Supply Chain Forum, organized by UN Trade and Development (UNCTAD) and the Government of Barbados...

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The United Nations Global Supply Chain Forum, organized by UN Trade and Development (UNCTAD) and the Government of Barbados, took place from May 21 to 24, 2024. Over 1,000 global participants gathered to address escalating disruptions in global supply chains. The forum highlighted the increasing shipping times and greenhouse gas emissions, stressing the need for more inclusive, sustainable, and resilient global production and distribution networks. Climate change, geopolitical tensions, and the COVID-19 pandemic have severely impacted global supply chains. The forum explored decarbonizing global shipping, particularly in developing countries with renewable energy resources. Key steps include incentivizing low- or zero-carbon fuels, establishing safety frameworks, and developing port readiness assessment tools. The forum also emphasized the importance of improving connectivity through investments in maritime and air transport infrastructure and efficient multimodal networks for Small Island Developing States (SIDS). Digital technologies, such as blockchain traceability and advanced customs automation, were showcased as essential tools for optimizing trade processes, enhancing transparency, and reducing risks. The forum also introduced the UNCTAD Trade-and-Transport Dataset, developed with the World Bank, to enhance understanding and optimize global trade, aiding evidence-based policymaking. The outcomes of this forum aim to strengthen global supply chains and the resilience of SIDS. The next forum will be hosted by Saudi Arabia in 2026, reflecting the Kingdom’s commitment to enhancing global supply chains and positioning itself as a leading logistics hub.

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