Topic: 2024-Supply Chain Stability
Country: Saudi Arabia
Delegate Name: Naya Dike
A supply chain is a system with a backbone of community and reasoning. It is a multi-step process requiring every person within the process to maintain organization and remain active to produce necessary goods. With the recent COVID-19 pandemic, supply chains all over the world have been disrupted. As economies have changed, inflation has risen, and customs have shifted, the stability of supply chains has obtained a sense of dynamicity. A large current factor influencing the strength of supply chains is the present geopolitical conflict between Russia and Ukraine. The GDP of Ukraine decreased by 39% from 2021 to 2022, and because of their lowered economy, numerous other nations have been stressed to make up for this, one of these ways being relying on supply chains for manufacturing and exporting goods. As a main exporter of lots of resources, the most abundant being petroleum, the disruption of stability in supply chains greatly impacts Saudi Arabia.
The Kingdom of Saudi Arabia not only recognizes the ongoing issue of decreasing supply chain stability, but also actively works to prevent it, the most notable way of doing so being Vision 2030. Started by the Custodian of the Two Holy Mosques in 2016, Vision 2030 is a plan for the future of the nation’s economy, which is a direct impact on supply chains. The main ideas of this blueprint are creating a vibrant society by enhancing the lifestyle of Saudi citizens, aiming for a thriving economy with a main focus in expanding industry, and reinforcing the idea of an ambitious nation with loyalty to the state. These three pillars are aiming to achieve a heightened level of industrialization with eagerness that has rarely been seen in the past. In recent events, Saudi Arabia put funding towards the Global Supply Chain Forum, a conference held in May of 2024 to discuss supply chain management on a global scale.
There are countless different ways that Saudi Arabia has contributed to the continuing efforts to boost stability within supply chains. By creating Vision 2030 and being in support of global supply chain stability, the kingdom distinguishes itself as one in favor of strengthening supply chains. It is imperative that Saudi Arabia improves its supply chains by focusing not only on independent actions towards stability, but collaborating with other countries to ensure that the security of supply chains can remain intact internationally.
Works Cited
“Saudi Arabia’s Vision 2030 Program Explained.” Centuro Global, 17 May 2024, https://www.centuroglobal.com/blogs/saudi-arabia-vision-2030/. Accessed 26 November 2024.
“Saudi Vision 2030.” Saudi Vision 2030, https://www.vision2030.gov.sa/en. Accessed 26 November 2024.
Welsh, Caitlin, and Joseph Glauber. “Food as the “Silent Weapon”: Russia’s Gains and Ukraine’s Losses.” CSIS, 29 February 2024, https://www.csis.org/analysis/food-silent-weapon-russias-gains-and-ukraines-losses. Accessed 26 November 2024.
https://unctad.org/meeting/global-supply-chain-forum-2024
