The recent Global Supply Chain Forum, hosted jointly by the United Nations Conference on Trade and Development (UNCTAD) and the government of Barbados, served as a pivotal moment for discussing the future of global tradeWith more than 900 officials and industry leaders from 127 countries in attendance, the forum provided a platform for high-level discussions on some of the most pressing issues currently facing international tradeThis inaugural event sought to address the critical inefficiencies, vulnerabilities, and sustainability challenges of modern supply chains and the logistics sectorMore importantly, it called for concerted efforts to transition towards a more sustainable, low-carbon future for global freight and logistics.

The heart of the discussions was focused on creating comprehensive, developmental solutions to transform the freight and logistics industry, which is under increasing pressure due to its environmental impact and inefficiencies

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The forum underscored the need to recognize the complex web of issues surrounding global trade—from environmental concerns to the socio-economic effects of supply chain disruptionsUNCTAD, through this forum, aimed to bring together stakeholders from a wide range of sectors to develop a shared understanding of how to address these challenges and move toward necessary industry-wide transformations.

A key outcome of the forum was the adoption of a declaration that strongly advocated for a shift towards multimodal transport systems that are low-carbon, resilient, and efficientThis declaration is not just a call for change but also an invitation for countries to pursue their own development paths while contributing to a collective, global effort to address climate changeGovernments and business leaders were urged to prioritize specific initiatives, such as the development of low-carbon freight infrastructure and the transition to more efficient transport modes

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These changes are not merely aspirational but essential for the future viability of the sector.

One major theme that emerged from the forum was the importance of setting scientifically-based, data-driven objectives for the logistics and freight industriesThis includes the establishment of policies and standards that are grounded in empirical evidenceGovernments and international organizations were urged to invest in the development of low-carbon transport infrastructure, promote the use of cleaner fuels, and ensure the integration of low-carbon transport technologies into global supply chainsThe development of trans-border corridors—key transportation routes that link multiple countries—was also emphasized as a necessary step for modernizing the freight sector and reducing global emissions.

Investment was highlighted as another crucial area for progressThe forum discussed the importance of increasing funding for decarbonization projects and sustainability initiatives, with a focus on creating an environment conducive to private sector investment

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In order to drive the necessary changes, pricing mechanisms must reflect the true social and environmental costs of freight transportThis means developing a pricing system that incentivizes sustainable practices while discouraging the use of carbon-intensive transport services.

The need for collaboration and coordination across all levels of the supply chain was also stressedParticipants discussed the importance of integrated land-use planning to support multimodal transportThis would include the development of key infrastructure such as intermodal hubs, distribution centers, recycling facilities, and charging stations for electric vehiclesOptimizing the geographic location of these facilities is also vitalBy reducing the distance between raw material sources and end-users, supply chains can become more efficient and, in turn, less polluting.

Alongside collaboration, the forum stressed the need for comprehensive assessments of the environmental and social impacts of different freight transport modes

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As part of this, there is an urgent need to establish clear, scientifically-grounded metrics to measure greenhouse gas emissions, environmental degradation, and sustainability risks associated with transportThese metrics would provide an essential tool for monitoring the success of global efforts to create a low-carbon, resilient, and efficient logistics system.

Technological innovation was another key focus of the forumThe need for advancements in technology to drive change was widely acknowledged, particularly with regard to the construction and operation of low-carbon transport systemsTo support this transition, new roles will need to be created in the workforce, requiring skilled professionals who can manage the evolving landscape of freight and logisticsStrengthening partnerships between diverse stakeholders—governments, businesses, and civil society—was seen as essential for encouraging the exchange of ideas, sharing resources, and ensuring coordinated action across borders.

A particularly significant area of discussion was the role of ports in the transformation of global logistics

Ports serve as vital nodes in international supply chains and were recognized as key infrastructures for supporting the transition to low-carbon and sustainable transport systemsPort authorities were encouraged to enhance their capacity to utilize and safely store new fuels, such as green hydrogen or ammonia, which could be used in maritime shippingThe forum also called for the development of safety standards for these new fuels, as well as tools to assess the adaptability of ports to future fuel technologies.

Rebeca Grynspan, the UNCTAD Secretary-General, highlighted the importance of technological advancements in ports, emphasizing that ports must evolve to remain integral parts of global value chainsBy integrating digital technologies and leveraging new fuel sources, ports can improve their operational efficiency and contribute to a more sustainable logistics sector.

The forum also highlighted the critical role of digital technologies in building supply chain resilience

Attendees expressed the need for greater multinational cooperation in the maritime industry and the development of digital infrastructure to facilitate more seamless international tradeWith the right technological investments, ports and logistics operators can not only improve their efficiency but also mitigate the risks posed by future disruptions to global supply chains, such as those caused by climate change or geopolitical tensions.

As the forum came to a close, participants looked ahead to the futureThe next iteration of the Global Supply Chain Forum will take place in Saudi Arabia, underscoring the Kingdom's growing role as a key player in the global logistics and transport sectorsAccording to H.EHashem HAl-Khalidi, Chairman of the Saudi Ports Authority, hosting the event in Saudi Arabia is part of the country's broader ambition to become a global logistics hubSaudi Arabia's national transport and logistics strategy, which emphasizes the role of modernized ports, is central to this vision.

This vision aligns with global trends that call for more sustainable and efficient global supply chains, reflecting a broader understanding of the need for coordination across borders