A recent article published by Consultancy-me.com on December 17, 2024, highlights insights from a report by TransformationX and the Gulf Petrochemicals and Chemicals Association (GPCA), revealing that 74% of leaders in the GCC’s petrochemicals and chemicals sectors prioritize supply chain resilience. Key risks identified include geopolitical conflicts, trade route blockages, and fluctuating commodity prices. To address these challenges, 60% of leaders are fostering deeper supplier partnerships, 55% are investing in risk monitoring tools, 44% are enhancing team capabilities through training, and 40% are digitalizing their supply chains. The article outlines five strategic levers for building resilience: supply chain visibility, flexibility, collaboration, risk management, and sustainability.
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