Business

Reed Exhibitions, the worlds leading event organizer with over 520 events annually across over 45 economic sectors, introduced that it is organizing SiTL Middle East, a brand-new trade show focused on offering the modern day developments in the transport and logistics sector to be held at Dubai South from November 16 to 18, 2020.
The new tournament is the modern-day addition to Reed Exhibitions regional portfolio of events in the UAE covering the primary developments and transformations inside the transport and logistics sector. The event is set to provide an effective platform for government and industry stakeholders from across the Middle East, Africa and South Asia (MEASA) to access leading technologies that increase efficiency and minimize costs in logistics operations.

The debut edition of SiTL Middle East is set to welcome over 120 exhibitors and more than 2,000 visitors, which includes regional distribution managers and logistics authorities eager to take benefit of the latest trends in innovations and solutions that could boost up business efficiency and profitability. In addition, the event will be an vital venue for key officials from a number of countries to hold bilateral discussions, while the UAE Government and other main industrial entities will highlight the countrys primary efforts in building a global hub supported via world-class facilities and services.

His Excellency Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation (DACC) and Dubai South, remarked: Dubai South is committed to make substantial contributions towards increasing the capabilities and strengths of the Middle East as an important hub for international logistics and e-commerce. Our vision is in line with Dubais and the UAEs strategy for sustainable growth and persisted global leadership. Through SITL ME, we will be gaining new insights and possibilities to develop in terms of technology and innovation, which is vital in the drive towards efficiency and sustainability in business operations and management. We are confident the event will bring about these key focus areas which are quite essential for both the government and private sectors.

Nadia Abdul Aziz, President of Dubai-based National Association of Freight and Logistics (NAFL), said: The UAEs logistics area has been an early adopter of modern technologies which positioned the Arab worlds second biggest economy as a world-class business hub. Dubai had taken a proactive role in planning its development in terms of logistics facilities, zones and investments. We have the best connectivity in the area to reach out to more than three billion population through our both air and sea/rail connectivity.

Trade/e-commerce is part of the governments method for the future. two Logistics passport has been launched, a first of its kind initiative, and additionally a reward scheme for logistics and freight companies by Dubai Customs World. Under the Dubai Plan 2021, logistics-related targets are prominent. The approach has an financial thing that objectives for the city to turn out to be one of the top 5 logistics centres in the world. Dubai has also launched a new Silk Road Strategy aiming to establish the emirate as a global trade and logistics hub, she said.

The fast growth of e-commerce and new technologies such as robotics, artificial intelligence (AI), blockchain and Internet of Things (IoT) have made the sector more and more vital to businesses where transport and logistics play an key role. It is part of a supply chain management where planning, imposing and controlling of flow and storage of goods and services take place, from their points of origin to end consumer.

SiTL Middle East will characteristic seven major segments, which includes intra-logistics, robotics and automation; packaging and pallet; technologies, IOT and records systems; new energy and transport equipment; real estate and logistics infrastructures, and protection and cybersecurity.

It will also maintain a convention supported by using key partners from Reeds global networks in its logistics events, which includes a Demo Zone where one can experience world-class equipment and solutions, which include customised tours. two Reed Exhibition also brings to the place its distinctly acclaimed Business Connect, a dedicated consumers and matchmaking programme which will host over 100 top buyers from the location and organize pre-scheduled meetings for exhibitors to optimize business opportunities.

Daniyal Qureshi, Group Exhibition Director, Reed Exhibitions, commented: SiTL ME is poised to bring a valuable portfolio of activities to the well-established SiTL Europe which leverages the global recognition of the SiTL brand and shares their fine practice in the Middle East. Across its current portfolio of market leading events in Dubai and Abu Dhabi, Reed Exhibitions brings almost 4,500 exhibitors and over 109,000 visitors from 170 international locations to the UAE and SiTL ME will be a major new event that would enhance the countrys global position as a strategic venue for major events.

Latest studies by PwC have revealed that major transformations brought about via new technological solutions are taking place throughout the sector, identifying digitalization, shifts in global trade, software-driven process changes, changes in domestic markets commerce and machine-driven process changes, as the five primary drivers of change.

In this context, the UAE is in the best position to leverage growth for industry players considering its geographical region and advanced infrastructure. The country is primed as an rising trans-shipment and multi-modal logistics hub on the Europe-Asia and Asia-Africa trade lanes. The country was ranked first in the region and third globally after China and India as the most-connected emerging economy, according to the 2019 Agility Emerging Markets Logistics Index.

According to the World Banks Logistics Performance Index 2018 ranking, the UAE stands thirteenth out of a hundred and sixty countries, outstripping Canada, France, Finland, Denmark and Australia. The Middle East logistics market is seen to attain USD 66 billion by the end of 2020, according to Swisslog Middle East, the robotic, data-driven and flexible automated solutions provider. The UAEs e-commerce sector alone is currently worth USD 17.8 billion, representing 45.6 per cent of the total value of the Middle Easts e-commerce market. A thriving e-commerce industry in the Middle East and North Africa is expected to be worth US$28.5 billion by 2022, while the global logistics industry will touch the US$726 billion mark by 2020.

A Technavio report highlighted that the global logistics market between 2020 and 2024 is poised to grow by USD 287.1 million, progressing at a CAGR of nearly five per cent, driven by consumer goods, automotive, food and beverage and healthcare.

The market is driven by the increasing use of multimodal transport. In addition, digital transformation is predicted to similarly enhance the growth of the logistics market. Multimodal transport decreases cargo dealing with time and costs per vehicle and helps keep inventory and merchandise costs under control.

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