UN Deputy Secretary-General Highlights Trade Challenges at Global Supply Chain Forum in Barbados

The Global Supply Chain Forum, co-organized by the United Nations Conference on Trade and Development (UNCTAD) and the Government of Barbados, commenced on May 21, 2024, at the Lloyd Erskine Sandiford Centre in Bridgetown, Barbados. The four-day event aims to address the pressing challenges and opportunities in global supply chain management.

During the opening address, UN Deputy Secretary-General Amina Mohammed warned that global trade faces significant challenges due to geopolitical tensions, trade restrictions, and supply chain disruptions. She emphasized the need for multilateral cooperation to mitigate these effects and ensure sustainable growth.

Why this matters: The challenges facing global trade have far-reaching implications for economic growth, job creation, and social stability. If left unaddressed, these challenges could lead to a decline in international trade, exacerbating existing economic inequalities and hindering sustainable development.

The forum seeks to promote knowledge exchange, collaboration, and innovative strategies to optimize supply chain operations in a rapidly changing global business landscape. By hosting this event, Barbados aims to position itself as a hub for supply chain excellence and promote sustainable and inclusive economic growth in the region.

An integral part of the forum is the Supply Chain Innovation Challenge, which invites participants to submit innovative solutions to challenges in global supply chain innovation. The challenge aims to inspire proposals for making supply chains greener, more efficient, and resilient. The best proposal will be presented at the forum, with travel and accommodation expenses covered.

The Global Supply Chain Forum runs from May 21 to 24, 2024, bringing together industry leaders, policymakers, and experts to discuss and address the future of global supply chain management. The event underscores the importance of collaboration and innovative strategies in overcoming the challenges facing global trade today.

Key Takeaways

• The Global Supply Chain Forum took place in Barbados from May 21-24, 2024.
• UNCTAD and the Government of Barbados co-organized the event.
• Global trade faces challenges from geopolitical tensions and supply chain disruptions.
• The forum aims to promote collaboration and innovation in supply chain management.
• A Supply Chain Innovation Challenge invites proposals for greener and more efficient supply chains.