Octal, a leading PET sheet producer and leading integrated packaging company, participated and debated the challenges within the logistics industry at the recently concluded IRU World Congress 2018, which was held in Oman.
IRU World Congress is a global event for road transport, mobility and logistics, held in Oman and the Middle East for the first time.
William J Barenberg Jr, executive vice president and chief revenue officer manufacturing and supply chain at Octal, highlighted the importance of nurturing competitiveness in the marketplace generally and the logistics sector specifically to create sustainable value for end-users and consumers, while integrating this value within end-to-end supply chains.
The event saw the participation of close to 1,000 delegates featuring leading figures in road transport and trade to network, discuss and debate innovate solutions to the industry’s most pressing issues.
Speaking during a roundtable discussion titled ‘Towards Higher Competitiveness in the Middle East’, Barenberg underlined the importance of understanding logistics models, barriers, costs, value, while investigating the factors of competitiveness within the supply chain and logistics management.
He referenced collaboration among all stakeholders including public, private and international organisations as key to enable growth of the global economy.
“Within Oman, the integration of logistics has helped to streamline regulations on a national level. As Octal has expanded globally, we have witnessed this tremendous transition within the logistics sector. As the sector continues to expand, companies’ operations will also take advantage of further industry advancements on a regional and global level,” he added.
Addressing one of the key questions in the panel discussion, “What is preventing the Middle East from becoming more competitive and have you noticed any positive / negative changes over the past few years?”, Barenberg commented, “Smart and effective transportation and logistics systems are increasingly becoming the backbone of the current world economy.”
“The Middle East has been heavily investing in its infrastructure, but these innovations are still fairly novel and not broadly deployed because not all markets have pursued these technologies in tandem,” he said.
“The complexity of these systems or models means they require time when it comes to implementation, adoption and measurement of their impact on efficiency, cost reduction and the subsequent socio-economic effects,” he added.
Barenberg continued: “The availability of technology to manage an end to end logistics system and the energy behind its implementation are progressing hand in hand to make transportation systems smarter and more effective.”
“With that said, governments and industry participants need to ensure these systems integrate into and evolve the existing value proposition to ensure success. Another key aspect that all stakeholders should take into account is the value of sustainability in the context of competitiveness. With efficiency being instrumental in any logistics model, there is an increased demand by consumers and operators for ecologically and socially responsible products and services,” he added.
Barenberg concluded: “The core challenge for organizations and policymakers is to understand the true value and impact of sustainable transport, logistics local service models. The congress has been an ideal platform for all stakeholders to identify new performance dimensions for time and distance costs and their direct effect on logistics value now and into the future.”
The world leader in clear rigid integrated packaging solutions; Octal has grown to a global operator with four plants in the US, Oman, and Saudi Arabia. Based out of the sultanate, the company does ensure timely supply of products from its strategically located hub in Salalah globally, and Cincinnati for the North and South American markets. As the largest global manufacturer of PET Sheet and Resin on a single site and the only company in the world with a fully integrated food packaging system from raw material to finished product, Octal leads the development of sustainable clear rigid plastic packaging by implementing patented technologies that enable the advancement of innovation in PET processing. – TradeArabia News Service