UAE logistics industry poised for 4 per cent growth in 2016
According to a recent report by Frost & Sullivan, the UAE logistics sector is anticipated to grow by 4 per cent in 2016, with a compound yearly development rate (CAGR) of 5.7 per cent between 2015 and 2020. The key drivers of the industry are EXPO 2020, nationwide logistics advancement plans, and trade with Asia and Sub-Saharan African countries. In addition, the focus on domestic output has created scope for considerable cargo volume development to and from the UAE, causing enhanced connection and network.
The UAE's logistics market will be supported by ongoing financial diversification, growing domestic need, development of multimodal transportation, and execution of brand-new technologies. In addition, its geographical location provides the trade access to a population base of more than 2 billion people in the region which is anticipated to be one of the busiest trade lands globally by 2030. This development will spur growth of the logistics provider (LSP), strengthening their competitiveness and transformational development from capacity expansion and enhancement in facilities investment and technology solutions.
Dedicated to stay a key driver in the UAE's growing logistics sector, Globe Express Services has prepare for expansion both regionally and globally. The company's senior executive examined strategies and plans to unlock the labor force potential throughout a conference just recently in Dubai. The business just recently opened new offices one each in Houston and New Delhi in 2015 and Mersin, Turkey in 2016 in line with its development strategies.
Mustapha Kawam, President and CEO, Globe Express Services, said: "It is a dynamic time for the UAE's logistics sector - macro economy, new company designs, and innovation. Over the next years, the logistics industry will enter a brand-new period.
Kawam also added that according to a report provided recently by the Council of Supply Chain Management Professionals, "shippers are turning more to third-party logistics providers and their business is growing faster than the GDP, which is a good sign for us.
Globe Express Services is a full-service, global logistics services provider. Out-of-gauge services are a core offering of the companys Project Logistics and Management portfolio. Through its Logistics and Compliance Consulting division, GES offers expertise in creative warehouse design, distribution, supply chain execution and material handling solutions for leading retail, wholesale, and consumer product manufacturing companies. The companys consultancy service also covers selection and implementation of supply chain execution software, including comprehensive systems for warehouse, asset, transportation, yard and labour management.
