09 April 2013 12:19 [Source: ICIS news]
DUBAI (ICIS)--Suitable supply chain processes are necessary in the Middle East to help mitigate against risks such as cargo delays and legal complications, said a senior consultant from India’s TATA Strategic Management Group on Tuesday.
“It is important for exporters to understand [the petrochemical] market from a supply chain perspective. Each destination has its own uniqueness," said Siddharth Paradkar, principal consultant, logistics and supply chain, at TATA Strategic Management Group.
"Many a times you overlook the nitty gritty and documents go amiss,” he added.
Paradkar was speaking at the Gulf Petrochemicals & Chemicals Association (GPCA) Plastics conference in Dubai.
He said the Middle East enjoys “great accessibility to export markets due to its state of the art infrastructure and central global location”.
However, Paradkar added customers need to know their individual markets well to protect themselves against financial losses.
“Each customer has its own demands. You need to look at the complete supply chain. More customers are not wanting to get into the headache of managing supply chains.
“That leads back to the need of knowing your markets or else you may make unnecessary losses,” he said.
The two-day conference ends on Tuesday.
Additional reporting by Prema Viswanathan
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