IMPACT OF SUPPLY CHAIN EFFICIENCY ON ECONOMIC GROWTH AT MARITIME INDUSTRY IN THE UAE

Abstract

For the purpose to develop the economy and its workers to be productive, efficient supply chains are essential. The research findings demonstrate that better supply chain logistics performance generates favorable growth rewards. Additionally, the input and output aspects of supply chain efficiency have favorable effects on economic growth that is possible to use resources, technology, and knowledge to their fullest potential in order to lower logistical expenses and boost income through supply chain efficiency. An efficient supply chain helps to cut costs and free up time that can be used at other sources by streamlining the processes and phases of the supply chain.