World Economic Forum Annual Meeting 2023 at Davos: Supply Chain and Transport Governors Meeting & Policy Session

PSA International Group CEO Tan Chong Meng chaired the World Economic Forum (WEF) Supply Chain and Transport (SCT) Governors Meeting and Policy Session in Davos, Switzerland, which were part of the 2023 WEF Annual Meeting. These brought together key supply chain leaders and policy makers to discuss ways to achieve clean, inclusive, and safe movement of goods, undergirded by a focus on resilience and sustainability.

The 53rd WEF Annual Meeting gathered over 2,700 leaders across 130 countries in-person under the theme of “Cooperation in a Fragmented World”.

Against the backdrop of the ongoing geopolitical and economic landscape, the SCT Governors took stock of multiple challenges and uncertainties, while also discussing opportunities for collaboration and transformation of the supply chain industry. Various key topics were discussed, including the sector’s digital transformation, green and energy transition, and talent development. The Governors were joined by public sector leaders and academia in the SCT Policy Session, where public policy and public-private partnerships were underscored as key enablers to advance these areas for the growth of the supply chain sector.

At the end of the session, the Governors agreed to ramp up efforts across a number of areas moving forward – to increase engagement with the public sector on data collaboration; forge an industry transition pathway on fuel choice; explore infrastructure investments to accelerate availability of clean energy at points of use; and to continue private-public sector cohesive action, such as aggregating demand through the First Movers Coalition (FMC) and engaging various stakeholders across value chains.

The Governors also expressed how the SCT sector’s energy transition could be better accelerated by drivers such as the availability of new energy, and stronger digital convergence through an “Internet of Logistics” (IOL).