JAKARTA - The conflict in the Middle East has begun to change the calculations in global transportation. It is no longer just about cost and speed. Citing Anadolu Agency (AA), Thursday, April 2, Russian President Vladimir Putin said that supply security is now an increasingly determining factor in the midst of a war involving the United States, Israel, and Iran.
Putin made the statement via video link at the first International Transport and Logistics Forum on Wednesday in St. Petersburg, Russia.
According to Putin, developments in Iran have a direct impact on the transportation of oil and gas through the Strait of Hormuz. Therefore, more and more countries and companies are now considering security as a key factor, in addition to costs and delivery time.
He also said that attention is now shifting to the resilience of transportation routes and logistics chains. Factors that are considered important are not only efficiency, but also how strong the route is in the face of military conflicts, crises, and other external risks.
As reported by AA, the first International Transport and Logistics Forum began in St. Petersburg on the same day. According to the Russian Ministry of Transportation, as many as 73 high-level guests from 50 countries and 13 organizations have confirmed their presence in the forum.
Around 50 agendas were prepared for the meeting. Participants will discuss various issues related to the development of the transportation industry in Russia and the Eurasian region.
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