PUTTING OMICRON IN THE SHADE-FINALLY: The global ports operator, DP World, has come up with a solid set of 2021 numbers on its container volumes during the year. As was expected, the final three months did see a dip in movements as countries - and the supply chain industry – too evasive actions to limit the fallout from the Omicron spread. But what is heartening is that the dip is not as pronounced as during the initial months of the COVID-19 outbreak in 2020. DP World’s numbers are systemically important for the simple reason of its wide geographic reach, whether it is managing ports and terminals in China and India, or in London, Africa and the South Americas. It is a proxy for how global trade is behaving – and gives an insight into how it will fare in the coming months. Going by that measure, global trade, its supply chain operators - and DP World among them – has come to grips with the Omicron disruption. The slow rebuild of world trade can hope for a smoother ride – barring any conflicts or new variants. [COMMENT BY: Manoj bair, Business Editor]
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