Monthly Archives: March 2023
Posted: March 16, 2023
The necessity of supply chains
The globalised world in which we live in today has formed a complex and interconnected network of supply chains, highlighting more than ever the need for efficient management. Supply chains are networks of entities, resources and activities that work together to deliver a product or service to a customer. Given their broad and intertwined nature, efficient supply chain management is critical to the success of any business. Simply put, supply chains deliver the right product at the right time and at the most cost-efficient price. Achieving this, therefore, requires the optimisation of supply chains for productivity and customer satisfaction. Innovation in the supply chain
How can technology accelerate the AfCFTA (African Continental Free Trade Area)?
What is the AfCFTA?
2018 marked the advent of the African Continental Free Trade Area (AfCFTA) – a free trade area with the sole purpose of promoting inter-African trade between its 55 member countries (44 ratified). Through this, the social mobility of countless Africans will be increased, placing Africa as a global economic power. Using the metric of member participation, the AfCFTA agreement can be described as the largest free trade area in the world. Resulting in an agreement that will link 1.3 billion Africans in this region and by 2035, potentially lift 30 million people out of extreme poverty.
The AfCFTA is a strategic long-term plan to increase growth, trade, employment and reduce the extreme poverty faced on the African continent. T