Winner of Supply Chain Challenge to be announced in Barbados as the Competition comes to a close

The Supply Chain Innovation Challenge has officially closed, marking a key feature of the upcoming Global Supply Chain Forum to be held in Barbados from May 21 to May 24, 2024. The challenge aims to inspire innovative solutions that can transform trade opportunities into shared development gains. Deputy Secretary General of UNCTAD, Pedro Moreno, emphasized the importance of finding new solutions to create greener, more efficient, and resilient global production and distribution networks. He expressed hope that the energy transition will bring new opportunities, with some countries potentially becoming providers of alternative fuels.

The winning proposal from the Supply Chain Innovation Challenge will be presented to over 300 registered attendees and 100-plus speakers at the upcoming forum. Submissions for the challenge were accepted in English through an online form between January 17 and March 17. Interested individuals can reach out to the forum’s secretariat at gscf@unctad.org for more information. The objective of the challenge is to showcase innovative ideas that can drive positive change within supply chains and contribute to overall sustainable development goals.

The Global Supply Chain Forum in Barbados will bring together experts, policymakers, and stakeholders to discuss pressing issues related to supply chain management, trade, and sustainable development. The event will serve as a platform for sharing insights, best practices, and innovative solutions aimed at addressing the challenges faced by global supply chains. With a focus on promoting efficiency, resilience, and environmental sustainability, the forum aims to foster collaboration and dialogue among participants with the goal of driving positive impact.

The Deputy Secretary General highlighted the potential for the energy transition to create new opportunities within the supply chain sector, particularly in the production and distribution of alternative fuels. By encouraging the development of greener and more efficient networks, the hope is to unlock new avenues for growth and advancement. The Supply Chain Innovation Challenge plays a crucial role in this effort by seeking out creative solutions that can drive positive change and contribute to the overall sustainability of global supply chains.

As preparations for the forum continue, the focus remains on showcasing innovative ideas and solutions that can transform supply chain operations and drive inclusive development. Participants in the challenge have the opportunity to present their proposals to a diverse audience of industry experts, policymakers, and thought leaders. By highlighting the potential for innovation and collaboration, the Global Supply Chain Forum aims to foster a vibrant exchange of ideas and drive meaningful progress towards a more sustainable and resilient global supply chain ecosystem.