Transportation and Logistics Companies Must Digitize to Drive Forward GCC's
As the GCC countries pursue economic diversification and sustainable growth plans, the need to digitize the freight transportation and logistics industry (T&L) is becoming increasingly important. At present, the T&L industry in the GCC, which is one of the key drivers of economic activity in the region, faces a combined threat of declining business revenue and outdated infrastructure, according to a recent study by management consultancy Strategy& Middle East (formerly Booz & Company), part of the PwC network.
A healthy re-examination of free trade’s benefits and shocks
ECONOMISTS have long argued that free trade makes everyone richer. But lately that view has come under attack, most notably from President Donald Trump. Economists are asking themselves some tough questions. Is free trade always a good thing? Do the losers from free trade need to be compensated? To explore the basics of free trade, The Economist spoke to John Van Reenen an economist at MIT. The conversation has been lightly edited for clarity.
The global logistics business is going to be transformed by digitisation
THE Munich Maersk, which entered service in June 2017, is a testament to the technological marriage of information and transportation. Its bridge looks like a very spacious cockpit. Packed with computer screens, it is all glass, no brass—with a wheel that looks more like a pilot’s control column. Sailing her 214,000 tonnes from port to port takes a crew of just 28. Loading and unloading the 20,000 containers she carries only needs the supervision of one crew member.
The Munich Maersk, though, is a high-end exception—one of the best ships in the up-to-the-minute fleet of the biggest shipping company in the world. It shows what can be done. But at the moment the industry’s big issue is what is being left undone.
Warehousing 2018: from cost centre to growth centre
Warehousing operations and IT professionals need to respond positively to the significant changes and challenges that will be influencing the industry over the next five years – or face disaster.