Make no mistake : 2021 was another tough year for everyone around the world. With hundreds of thousands of lives lost, livelihoods threatened, and again and again the burden of necessary lockdowns. And yet, there were many positives: the resilience of the human spirit in the face of adversity; a strong economic recovery in many parts of the world; and the power of medical ingenuity as we work to keep this pandemic at bay.
Our industry, of course, was faced with the fall-out of supply chain disruptions, caused partly by the virus, and partly by a dramatic mismatch of demand and supply. And yet, we persevered. We demonstrated DP World’s purpose to make the world flow and change what’s possible for everyone. We did this through the fast, sustainable movement of products, underpinned by a single digital platform for trade. Working with governments and partners, we achieved monumental things.
So here are My Five Highlights Of 2021
1. Accelerating The Transition To Logistics Operator
Throughout the year we took great strides to accelerate DP World’s transformation to the leading advanced logistics company, offering end-to-end supply chain service. In July, we announced the acquisition of syncreon and the proposed acquisition of Imperial Logistics.
syncreon’s complex solutions capability brings strong long-term relationships with cargo owners, which fits with DP Worlds vision to provide smart tech-led supply chain solutions to enable trade across key markets. syncreon’s exposure to the sizeable, fast-growing technology and automotive industries offers significant growth opportunities over the medium to long term. We aim to build on this platform to deliver greater scale and provide compelling value add supply chain solutions to cargo owners across a wider market.
The acquisition of Imperial will help DP World to build better and more efficient supply chains for the owners of cargo, especially in Africa. Combining the companies will create the continent’s best network across inland logistics, ports & terminals, economic zones, and marine logistics.
2. UNICEF Vaccine Partnership
Inequalities in vaccine supply are leading to a two-track recovery. Advanced economies are rebounding fast amid the vaccine rollout, while the developing world is struggling with a slow pace of vaccinations. This is why DP World started the year by announcing a wide-ranging partnership with UNICEF to support the global distribution of COVID-19 vaccines and related supplies in low- and low-to-middle-income countries. We want to ensure equitable, affordable, and sustainable access to COVID-19 vaccines for all and are providing our global logistics infrastructure and services at no cost to ensure supplies reach the countries most in need.
3. Continued Investment In Africa
Despite the economic shocks of the pandemic, Sub-Saharan Africa’s economy is set to expand by 3.3 percent by the close of 2021, with projections for 2022 and 2023 just below 4 percent. Throughout 2021, DP World supported the continent’s recovery through our activities.
DUBUY.com launched in the UAE and Rwanda in Spring 2021, adding a third market – Kenya – in November. The innovative B2B e-commerce platform was created to solve some of the key challenges facing the growth of online retail in Africa, including reliable fulfilment, secure financial transactions, and the movement of goods. In its first six months, it received more than 500,000 website visits, built a community of more than 4,000 active merchants on the platform, and saw particular success in the sale of automotive supplies and kitchen appliances.
May saw us complete the first transit import to DP World Komatipoort, South Africa – a game-changer for the Maputo corridor and trade in Southern Africa, and, in June, I inaugurated the new container terminal at Berbera Port. Berbera is now capable of handling the largest container vessels in operation today, increasing the port’s capacity by 333 percent.
I am confident that our continued investments will enable the continent to capitalise on its post-COVID growth and increase the flow of foreign direct investment.
4. Expo 2020
During the first three months of Expo 2020, DP World’s Flow Pavilion gave a unique insight into the critical world of global trade to over 500,000 visitors and more than 65 government delegations from around the globe. It is a physical and virtual destination where governments, customers, influencers, media, employees, and the public have experienced a new DP World.
5. Brand Refresh
Significant progress has been made in developing the building blocks to enable DP World to become a powerful global master brand. We launched a refreshed version of our brand purpose on the opening day of Expo 2020 Dubai to start the process, illustrating the journey we have made as a business. DP World’s new brand purpose is to make the world flow, and the new look and feel reflects our future direction.
During the past year, all of us at DP World – from the dockers in our ports to our executives in the boardroom – have worked hard to create the foundations for continued growth and success.
In a few days, I will share the five things that I’m looking forward to in 2022.Report this
Sultan Ahmed Bin Sulayem Chairman & CEO of DP World, Chairman of Virgin Hyperloop
During 2021, all of us at DP World – from the dockers in our ports to our executives in the boardroom – have worked hard to create the foundations for continued growth and success. Thank you to all our people for their contribution the global recovery. Here are my five highlights of 2021.