25 October 2010 17:50 [Source: ICIS news]
BAHRAIN (ICIS)--Officials from petrochemical majors SABIC and Dow Chemical said on Monday that achieving sustainable supply chains is crucial for producers in the Gulf Cooperation Council (GCC) region to address their future needs responsibly.
“With feedstocks being equal, future competition will not be between companies, but between supply chains,” said Saleh al-Shabnan, a supply chain project executive with SABIC.
“Building a sustainable supply chain includes careful planning, constant monitoring, and efficient execution must be exercised to achieve regional, interregional and global logistic optimisation, which is the key to sustainable economic development,” said Al-Shabnan.
Echoing the views of Al-Shabnan was Dow Chemical’s Suresh Krishnan, a supply chain exeuctive with Dow's Middle East and north Asia region, who said: “Focus areas should include economic sustainability, global environmental profile, responsible management of chemicals and social responsibility,” he said.
Both executives were addressing delegates at the Gulf Petrochemical and Chemical Association (GPCA) Supply Chain Forum in ?xml:namespace>
Al-Shabnan said that a more efficient supply chain would consist not only of economies of scale and optimised supply/demand balances, but also “other aspects such as a geographical swap of production as a result of a shift in the consumer market and waste reduction are also parts of responsible and sustainable supply chain management”.
The GPCA Supply Chain Forum ends on 26 October.
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