Innovative Trade & Supply Chain for Uzbekistan
Added: (Tue May 21 2019)
Pressbox (Press Release) -
“A paradigm shift in global trade and supply value chain is evolving in part due to escalating US-China trade
war. Additionally, pre-conditions in bilateral preferential trade agreements call for enhanced documentary
evidence of supply trade flows particularly in relation to ascertaining levels of value addition” said Mr
Krishnan Ramamurthi at the launching of “The Commodity Lens Initiative” in Penang, Malaysia by Port
Klang Logistic Terminal (“PKLT”). PKLT is a non profit commodity Think Tank that primarily serves to
research and facilitate commodity trade and supply chains. The “Commodity Lens” is the latest trade
enabling initiative PKLT has developed to date, targeting CIS landlocked developing country – The Republic
of Uzbekistan. International trade has intensified efforts to develop sustainable manufacturing footprints
that are able to deliver both tariff risk mitigation and supply chain efficiencies.
The Republic of Uzbekistan, landlocked country, is highly dependent on land transportation. Traditionally,
this has been fulfilled by railway freight that connects cost and time efficient ports of either Russia or Iran.
The collateral economic damage on Uzbekistan stemming from the imposition of economic sanctions on
these coastal countries, are significant. “Amid growing external imbalances, opportunity evolves, trucking
and containerization supply chain enablers enhances commercial trade continuity” added Mr. Krishnan
Ramamurthi. These bullish growth trajectories are further compounded by China's 21st-century Maritime
Silk Road Initiative that spans across 152 Countries.
Innovative supply chain technologies when applied to containerized cargo shipments will facilitate the
digital issuance of shipping, origination, and customs related documents in a secure and seamless manner.
“Leveraging on cutting edge technologies to provide digitalized supply chain documents will enable the
vetting, issuance, and custom related operations to be seamless and transparent, Blockchain technology is
definitely the way to go forward”, said Mr Krishnan Ramamurthi.
Uzbekistan is in its second year of a wide-ranging market orientated reforms, with great determination to
address the country’s most pressing challenges, job creation. Its demographics requires annually the
creation of 500,000 jobs. Under President Shavkat Mirzaev, the government is making significant progress
to graduate from a public sector-dominated to a private sector-driven economy. ”These ongoing reforms
may be enabled exponentially by means of adding tech leveraging containerization and trucking to its
fragmented supply chains” concluded Mr. Krishnan Ramamurthi