The third edition of the Supply Chain Conference was launched with the participation of a group of industry leaders around the world.
On (Sunday), the third edition of the Supply Chain Conference was launched in Riyadh, which will be held from 16 to 17 October 2022, under the patronage of His Excellency the Minister of Industry and Mineral Resources, and in the presence of His Excellency the Minister of Transport and Logistics, Eng. Saleh Al-Jasser, and His Excellency the Deputy Minister of Industry and Mineral Resources, Eng. Osama Zamil.
The conference, which brings together a group of leaders in the supply chain and logistics sector from around the world, seeks to discuss visions and exchange ideas that will contribute to making the Kingdom a global logistics interface, and enhancing the position of the Saudi economy, by clarifying the importance of the sustainability of national supply chains and transforming innovations and logistical research into economic products.
His Excellency the Deputy Minister of Industry and Mineral Resources, Eng. Osama Al-Zamil, indicated in the opening speech on behalf of His Excellency the Minister of Industry and Mineral Resources, that the Ministry is working, in cooperation with partner government agencies and the private sector, to ensure the development of local supply chains and activate the role of small and medium enterprises and their integration with large strategic industries to achieve the objectives of the Kingdom’s Vision 2030, in order to increase the contribution of the industrial sector to the domestic product and to maximize the proportion of local content in national products.
Al-Zamil explained that the Kingdom has continued to provide the necessary capabilities for the growth of supply chains, such as infrastructure and financial empowerment. Furthermore, many work procedures have been updated and digitized, and many initiatives and programs have been launched that enhance the competitiveness of the industrial sector, and work with the private sector to invest in industrial opportunities provided by supply chains and support services.
His Excellency defined that the most important element in supply chain development lies in investing in the human capital necessary to manage supply chains with the required efficiency, effectiveness, and reliability, demonstrating that agreements to localize supply chains in the local industry will be signed with a value of more than one billion riyals, in order to stimulate the private sector to invest in local and global supply chains and raise the level of industrial and economic growth.
During the conference, His Excellency revealed the launch of the Local Supply Chain Development Initiative, under the patronage of His Excellency the Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef, which aims to achieve clarity in industrial supply chains, and develop industrial value chains for products, which will be supported by information on supply chains for beneficiaries in the public and private sectors, in order to be possible in increasing investment for the integration of local supply chains and their connection with regional and international supply chains as a primary output, and in a manner that ensures inclusiveness and with the participation of all stakeholders.
It is worth noting that the conference held an important set of workshops, the most important of which was on the first day a workshop entitled “Developing Local Supply Chains” presented by the Industry Development Agency, and another workshop entitled “The Role of Supply Chains and Procurement in Supporting Local Content” presented by the Supply Chain and Procurement Association.