WLP Global Summit
The WLP Global Summit is a milestone in the freight and logistics calendar, where global leaders from business, governments, and international organizations convene to share perspectives on the key trends shaping the industry.
The global freight summit aims to further international cooperation in order to offer businesses the right conditions, information and incentives to unlock the full potential of global trade. Touching upon the benefits of the World Logistics Passport and the key advantages, listen to how the WLP incentives aim to transform the flow of goods and services across the globe.
The World Logistics Passport Global Trade & Logistics Summit
At the WLP Global Summit 2023, business leaders and ministers from our network signed a joint declaration to accelerate global trade and trade resilience. We took stock of the progress achieved to date and charted the way forward for the businesses within this strategic trade initiative. The WLP global trade summit addresses key questions addressed included:
- How has the Covid-19 pandemic affected the trade profile?
- How should we address the issues that have emerged from new consumer behaviours and how will these challenge supply chains?
- What measures can governments and the private sector undertake to overcome challenges in global trade?
- What are the possible scenarios for developing new global trade routes? Which emerging global hubs may help fuel trade growth in the coming decade?
- What are the most important hard and soft infrastructure gaps to address in the areas of trade and logistics, and what are innovative ways to finance these gaps?
WLP: A global reach, engaging emerging economies and big businesses alike
The WLP is a global, private sector-led initiative designed to smooth the flow of global trade, unlock market access and provide economic efficiencies to members. The program is free to join and open to all.
Enabled by key logistics partners such as airports, ports, and customs, the WLP offers financial and non-financial benefits to traders and freight forwarders in reward for increasing their trade. The WLP, the world’s first global freight loyalty scheme, benefits businesses by reducing their supply chain costs, and ensuring that goods move faster and more efficiently. This is achieved through access to benefits such as quicker customs clearance and priority handling, and leads to a 2-3 per cent increase in the value of trade over a two year period.
Unlocking these benefits allows nations and regions to gain access to new markets, diversify trade in existing products, and increase market shares in key export products in developing economies.
More than 20 countries have signed up to the policy initiative including Brazil, India, South Africa, Vietnam, Mexico, Malaysia, Kenya, Paraguay, Ecuador, Colombia, Uruguay, Senegal, Kazakhstan, Thailand, Indonesia, Ethiopia, Botswana, Zimbabwe, Mozambique, Burkina Faso, and Guinea. Major multinational corporations including UPS, Pfizer, Sony, Johnson & Johnson, and LG are also engaged in the WLP.
Look out for updates across the WLP’s social channels:
LinkedIn: World Logistics Passport