RIYADH: The recent escalation of tensions involving the US, Iran and Israel, coupled with prolonged disruption to Red Sea shipping, has accelerated a rethink of global trade routes and supply chain strategies.
As businesses seek more resilient logistics networks, Saudi Arabia sees an opportunity to convert short-term geopolitical disruption into long-term economic gains through Vision 2030, which targets a top-10 global logistics ranking and aims to increase the transport and logistics sector’s contribution to gross domestic product to 10 percent by 2030.
How geopolitical tensions, shipping disruptions affecting global supply chain
Paolo Carlomagno, partner at Arthur D Little
The disruptions of the past 18 months mark a structural shift in global supply chains, not a temporary disruption.
