The Future of Air Freight in Global Trade: Insights from Emirates SkyCargo at MC13
The world of logistics and global trade is evolving rapidly, presenting both challenges and opportunities for industries worldwide. Emirates SkyCargo, a prominent international cargo airline, recently organized an insightful discussion on these topics during the 13th World Trade Organisation Ministerial Conference (WTO MC13) in the UAE capital. In collaboration with the UAE Ministry of Economy and Abu Dhabi Department of Economic Development, this event brought together influential leaders to analyze the future of air freight and explore the latest trends in global supply chains.
Security, Sustainability, and Digitalization: A New Era for Trade and Cargo
Under the theme “Security, Sustainability, and Digitalization: A New Era for Trade and Cargo,” the event, programmed by Economist Impact, focused on the intricate patterns of modern trade that involve trillions of dollars’ worth of goods being transported worldwide daily. Participants delved into the impact of geopolitical disruptions, the increasing demand for sustainable solutions, the intersection of technology and security, and the importance of robust and resilient supply chains supported by air freight.
Embracing Technology for Efficient and Sustainable Supply Chains
His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade and MC13 Chair, emphasized the significance of adopting new technologies to enhance supply chain efficiency and sustainability. He highlighted the role of advanced trade tech tools, such as artificial intelligence, in strengthening global supply chains, combating climate change, and developing a more transparent trading system. The urgent need to integrate these technologies was a key takeaway from the discussions.
Insights from Global Trade Experts
Renowned trade expert and Professor Simon Evenett from Switzerland’s University of St Gallen set the foundation by discussing the nexus points between trade, investment, and geopolitics. This was followed by a fireside conversation moderated by Elizabeth Mackey, Senior Manager of New Globalisation at Economist Impact.
A panel of industry leaders from prominent organizations engaged in a thought-provoking conversation about the outlook of global trade. The panelists included Marion Jansen, Director of the Trade and Agriculture Directorate at the Organisation for Economic Co-operation and Development (OECD); Pierre Sauve, Senior Trade Specialist from the World Bank; Lisa Schroeter, Global Director of Trade and Investment Policy at Dow Chemical; and Nabil Sultan, Emirates SkyCargo’s Divisional Senior Vice President.
Emirates SkyCargo: Facilitating Global Trade for Decades
Emirates SkyCargo, the cargo arm of Emirates, the world’s largest international airline, has played a pivotal role in facilitating global trade for nearly four decades. Guided by Dubai’s Economic Agenda, the airline continually works to improve trade flows and generate new business opportunities that strengthen economies worldwide. With a vast network of over 140 destinations, Emirates SkyCargo has a comprehensive perspective on the cyclical nature of trade patterns.
The World Trade Organisation Ministerial Conference (WTO MC13)
The WTO is the preeminent international organization responsible for managing global trade rules and ensuring its smooth flow. The Ministerial Conference (MC), held every two years, is the highest decision-making body of the WTO. MC13, hosted by the UAE Ministry of Economy and Abu Dhabi Department of Economic Development, convened high-level decision-makers from around the world to review and shape the multilateral trade system.
For more information on global trade and other finance-related topics, visit Business Today.