Latest news with #IPSC2025
Gulf Today
17-04-2025
- Business
- Gulf Today
Sustainable supply chains vital to fight trade disruptions: Nahyan
Gulf Today, Staff Reporter Reaffirming the UAE's global commitment to sustainability and innovation, Sheikh Nahyan Bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, said data-driven, resilient and sustainable supply chains are imperative to help withstand global trade risks. Sharing his insights at the International Procurement and Supply Chain Conference (IPSC 2025) in Dubai organised by the global leader in supply chain training and consulting, Blue Ocean Corporation, Sheikh Nahyan said that supply chains must be effective and responsive to rapid change, and should continue to improve. 'We have come to realise the fragile nature of supply chains, and to appreciate that, in this globalised world, we must have supply chains that can respond to freer trade, to technological advancements, to increased automation and use of robotics, and to the forces of market economies. We fully understand that supply chains must be sustainable, resilient, secure, innovative, data and evidence-driven, and cost efficient,' he said in his key note address. Paying tribute to the nation's leadership, His Highness Sheikh Mohammed Bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, Sheikh Nahyan acknowledged their visionary contributions to infrastructure development, economic resilience, and sustainable growth. Congratulating Blue Ocean Corporation for organising IPSC, he said that procurement systems and supply chains are susceptible to complexity and vulnerability in the face of unforeseen global circumstances and it is the collective responsibility of governments and businesses to ensure that they remain sustainable, resilient, and beneficial to society and to the wellbeing of the planet. He concluded his speech by expressing great optimism about the outcomes of the conference, stating: 'Your participation in this event is a source of hope and optimism. Collaboration in supply chains is essential to global economic growth and regional and international integration.' IPSC 2025 was held under the theme of 'Redefining Global Trade: The UAE Shaping Sustainable Supply Chains for the Future. Regenerative Supply Chains: Focus on carbon-negative regenerative supply chain models that even goes beyond sustainability practices are a must in the current times of trade to further reinforce circular economy, said Dr Sathya Menon, Group CEO of Blue Ocean Corporation, at IPSC 2025. 'Regenerative supply chains are increasingly seen as a panacea for trade disruptions like higher tariffs, climate change and geopolitical bottlenecks as it focuses on local procurement leading to reduced burden on logistics and supply chain costs. Local procurement is also carbon negative as sourcing happens locally resulting in reduced carbon emissions, and also comes at lower transportation costs, in turn helping local economy thrive,' he said. Experts at the IPSC 2025 said digitally empowered and purpose-led local procurement has become a tool of economic empowerment in communities across the world, fostering innovation and ESG (Environmental, Social and Governance) integration. For instance, Dubai's smart strategy through its DubaiNow app platform has unified procurement across over 40 government entities, improving efficiency, vendor experience and public spending transparency. 'Procurement has shifted to national value creation and digital excellence, fostering local supplier growth driving economic diversification and innovation partnerships,' said Nabil Sousou, Vice President & Chief Procurement Officer for Africa, Middle East, and South Asia at PepsiCo, adding that key initiative like the implementation of the In-Country Value (ICV) Program tied to procurement contracts has helped redirect Dhs145 billion into the UAE economy since 2018. IPSC 2025 brought together over 650 international delegates, including procurement experts, policymakers, and industry innovators to discuss on redefining global trade and supply chain ecosystems. Sourav Ganguly, former Indian Cricket team Captain, and Amruta Devendra Fadnavis, renowned Indian social activist and Chairperson of the Divija Foundation, joined as Guests of Honour, bringing international spotlight to the conference and reinforcing the UAE's leadership in promoting global cooperation. 'Success isn't won alone. It is forged through teamwork and recognising every teammate's role. Be it in sports or business, true leaders should lift others up,' said Sourav Ganguly, who is also a Board Member at the Blue Ocean Corporation. Abdul Azeez, Group Chairman of Blue Ocean Corporation, added: 'More than a trade hub, the UAE is a global pacesetter. IPSC 2025 discussions have laid the groundwork for supply chains that thrive sustainably, and we're proud to drive this momentum forward.' The next edition of IPSC will be held in New Delhi. Earlier editions were in London, Mumbai, and Riyadh before Dubai.
Khaleej Times
16-04-2025
- Business
- Khaleej Times
Sustainable supply chains are imperative to withstand trade disruptions, says Sheikh Nahyan
In the face of increasing global trade disruptions, the need for sustainable, data-driven supply chains has never been more critical, Sheikh Nahyan bin Mabarak Al Nahyan, the UAE Minister of Tolerance and Coexistence, said on Wednesday. During his keynote address at the International Procurement and Supply Chain Conference (IPSC 2025) held in Dubai, Sheikh Nahyan articulated the urgent need for supply chains that are not only resilient and efficient but also adaptable to rapid changes driven by technological advancements, market dynamics, and geopolitical factors. 'In this globalised world, we must have supply chains that can respond to freer trade, technological advancements, and the forces of market economies. They must be sustainable, resilient, secure, innovative, data-driven, and cost-efficient,' he said. Organised by Blue Ocean Corporation, a leader in supply chain training and consulting, the conference brought together over 650 international delegates, including procurement experts, policymakers, and industry innovators. Sheikh Nahyan highlighted the UAE's commitment to sustainability and innovation and paid tribute to the nation's leadership for their visionary contributions to infrastructure and economic resilience. He noted that procurement systems are vulnerable to unforeseen global circumstances, making it the collective responsibility of governments and businesses to ensure these systems remain beneficial for society and the planet. The theme of IPSC 2025, 'Redefining global trade: The UAE shaping sustainable supply chains for the future,' resonated throughout the event. Dr Sathya Menon, Group CEO of Blue Ocean Corporation, underscored the importance of adopting carbon-negative regenerative supply chain models. 'Regenerative supply chains are increasingly seen as a solution for trade disruptions such as climate change and geopolitical bottlenecks. They emphasise local procurement, reducing logistics costs and carbon emissions while supporting local economies,' he added. Experts at IPSC 2025 discussed how digitally empowered local procurement fosters economic empowerment and innovation. For instance, Dubai's DubaiNow app has unified procurement across over 40 government entities, enhancing efficiency and transparency in public spending. Nabil Sousou, vice president and chief procurement officer for Africa, the Middle East, and South Asia at PepsiCo, highlighted the impact of the In-Country Value (ICV) Program, which has redirected Dh145 billion into the UAE economy since 2018, showcasing the shift towards national value creation and digital excellence. The conference also featured prominent figures such as Sourav Ganguly, former captain of the Indian cricket team, and Amruta Devendra Fadnavis, a renowned social activist and Chairperson of the Divija Foundation. Ganguly emphasised the importance of teamwork in both sports and business, stating, 'Success isn't won alone. True leaders should lift others up.' His presence underscored the UAE's role as a leader in promoting global cooperation across various sectors. 'More than a trade hub, the UAE is a global pacesetter. The discussions at IPSC 2025 have laid the groundwork for supply chains that thrive sustainably, and we're proud to drive this momentum forward,' said Abdul Azeez, group chairman of Blue Ocean Corporation.
Zawya
16-04-2025
- Business
- Zawya
Sustainable, data-driven supply chains imperative to withstand trade disruptions, says Sheikh Nahayan
Smart procurement and In Country Valuation (ICV) have redirected AED 145 billion to the UAE economy since 2018 Dubai, UAE: Reaffirming the UAE's global commitment to sustainability and innovation, His Excellency Sheikh Nahayan Bin Mabarak Al Nahyan, Minister of Tolerance and Coexistence, said data-driven, resilient and sustainable supply chains are imperative to help withstand global trade risks. Sharing his insights at the International Procurement and Supply Chain Conference (IPSC 2025) in Dubai organised by the global leader in supply chain training and consulting, Blue Ocean Corporation, Sheikh Nahayan said that supply chains must be effective and responsive to rapid change, and should continue to improve. 'We have come to realize the fragile nature of supply chains, and to appreciate that, in this globalized world, we must have supply chains that can respond to freer trade, to technological advancements, to increased automation and use of robotics, and to the forces of market economies. We fully understand that supply chains must be sustainable, resilient, secure, innovative, data and evidence-driven, and cost efficient,' he said in his key note address. Paying tribute to the nation's leadership, His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, Sheikh Nahayan acknowledged their visionary contributions to infrastructure development, economic resilience, and sustainable growth. Congratulating Blue Ocean Corporation for organizing IPSC, he said that procurement systems and supply chains are susceptible to complexity and vulnerability in the face of unforeseen global circumstances and it is the collective responsibility of governments and businesses to ensure that they remain sustainable, resilient, and beneficial to society and to the wellbeing of the planet. IPSC 2025 was held under the theme of 'Redefining Global Trade: The UAE Shaping Sustainable Supply Chains for the Future. Regenerative Supply Chains, Local Economic Growth Focus on carbon-negative regenerative supply chain models that even goes beyond sustainability practices are a must in the current times of trade to further reinforce circular economy, said Dr. Sathya Menon, Group CEO of Blue Ocean Corporation, at IPSC 2025. 'Regenerative supply chains are increasingly seen as a panacea for trade disruptions like higher tariffs, climate change and geopolitical bottlenecks as it focuses on local procurement leading to reduced burden on logistics and supply chain costs. Local procurement is also carbon negative as sourcing happens locally resulting in reduced carbon emissions, and also comes at lower transportation costs, in turn helping local economy thrive,' he said. Experts at the IPSC 2025 said digitally empowered and purpose-led local procurement has become a tool of economic empowerment in communities across the world, fostering innovation and ESG (Environmental, Social and Governance) integration. For instance, Dubai's smart strategy through its DubaiNow app platform has unified procurement across over 40 government entities, improving efficiency, vendor experience and public spending transparency. 'Procurement has shifted to national value creation and digital excellence, fostering local supplier growth driving economic diversification and innovation partnerships,' said Nabil Sousou, Vice President & Chief Procurement Officer for Africa, Middle East, and South Asia at PepsiCo, adding that key initiative like the implementation of the In-Country Value (ICV) Program tied to procurement contracts has helped redirect AED 145 billion into the UAE economy since 2018. IPSC 2025 brought together over 650 international delegates, including procurement experts, policymakers, and industry innovators to discuss on redefining global trade and supply chain ecosystems. Sourav Ganguly, former Indian Cricket team Captain, and Amruta Devendra Fadnavis, renowned Indian social activist and Chairperson of the Divija Foundation, joined as Guests of Honour, bringing international spotlight to the conference and reinforcing the UAE's leadership in promoting global cooperation. 'Success isn't won alone. It is forged through teamwork and recognizing every teammate's role. Be it in sports or business, true leaders should lift others up,' said Sourav Ganguly, who is also a Board Member at the Blue Ocean Corporation. Mr. Abdul Azeez, Group Chairman of Blue Ocean Corporation, added: 'More than a trade hub, the UAE is a global pacesetter. IPSC 2025 discussions have laid the groundwork for supply chains that thrive sustainably, and we're proud to drive this momentum forward.' The next edition of IPSC will be held in New Delhi. Earlier editions were in London, Mumbai, and Riyadh before Dubai.
