“As trade is more and more organised through value chains, be it global or regional, logistics services are the ‘glue’ that holds value chains together,” she told a webinar, titled ‘Digitalization and logistics resilience—lessons learned from COVID-19 and challenges ahead’, held virtually on October 15.
This is particularly important for developing countries as their logistics services are usually underperforming and the least developed countries (LDCs) suffer most from logistics constraints, she said.
Developing countries urgently need to improve their logistics capacity in the pursuit of development goals, she said.
As digitalisation is accelerating and expanding, various challenges, such as trade protectionism, new regulatory environment, cybersecurity, unintended fragmentation and lack of interoperability between the systems/platforms of stakeholders, lie ahead for the logistics industry, she added.
Fibre2Fashion News Desk (DS)
| On 3rd Nov 2021
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