MIDDLE EAST: Gulf petrochemical firms will thrive if talent base is developed, says study

The study, Finding, Developing and Retaining Supply Chain Talent in the Arabian Gulf, offers recommendations on leveraging human resources to drive growth.

Less than half of the supply chain professions needed by the Gulf Cooperation Council (GCC) region come from the region, says the study. This is in spite of the fact that employment in the GCC petrochemical sector has year-on-year growth of 15%.

"The regional petrochemical industry is typically involved in high capital projects, involving a very skilled workforce,” said Abdulwahab Al-Sadoun, secretary general of GPCA. "A more integrated approach to supply chain talent will help lead to the development of a regional knowledge economy,” he added.

GPCA noted that regional governments actively discourage the employment of expatriates, making it "vital for local petrochemical companies to find, develop and retain local supply chain talent.”

The GPCA-Accenture report explores the tools and best practices that supply chain managers need to implement in order to develop future talent.

Source: Weekly "PetroChemical News", Durham, NC, USA; 3 June 2013

(Syed Rashid Ali, Karachi, Pakistan)