Creating inventory points closer to markets can improve storage and distribution and provide consistent capacity is a step in the right direction in the chemical industry to maintain reliability of supply amid global supply disruptions, advised the world’s leading integrated logistics company – A.P. Moller-Maersk.
in a Maersk website post, Sherif Yousef George, Head of Integrated Sales for Chemicals in UAE, Qatar and Oman, A.P. Moller-Maersk, stressed the need for a multi-pronged approach to managing petrochemical supply chains in the region.
He explained that creating inventory points closer to markets can improve storage and distribution and provide consistent capacity. ”
George said that his company is also investing a lot to address the disruptions and shocks seen locally and globally. “What we’re trying to do is enable visibility to take the right decision [through] state-of-the-art supply chain platforms that we’ve used to take predictive decisions,” George said.
“We’ve been investing a lot in understanding the needs of the chemical supply chain out of the region, together with the capability to provide our customers with dedicated capacity week on week,” he said.
Patrick Hore, Global Vertical Head of Chemical at A.P. Moller-Maersk, also highlighted the long-term view of the chemical industry and its slow decision-making process.
However, he notes that the supply chain has become central to decision-making, enabling growth and market expansion.
“Innovation and development in supply chains is very contingent on the chemical industry procuring in a specific way,” Hore explains
A cohesive approach to chemicals can foster innovation and development in the chemical industry, leading to higher efficiency levels.
“I would encourage the industry not to procure in silos. But to think how those actions, those links in the supply chain, can be brought together in procurement,” he said.
