Africa's Supply Chains Face Challenges Amid Geopolitical Tensions
At the second edition of the African Centre for Supply Chain (ACSC) conference, themed ‘From Fragility to Foresight: Securing Africa’s Supply Chains Amid Geopolitical Shifts,’ experts discussed the vulnerabilities in Africa's supply chains due to geopolitical tensions, shipping disruptions, and energy insecurity. Obiora Madu, director general of ACSC, stated that traditional efficiency in supply chain models is no longer sufficient, urging businesses to invest in resilience, diversification, and foresight.
He highlighted the COVID-19 pandemic's impact, which forced companies to reassess their reliance on single sourcing markets like China. Madu also pointed out rising energy costs and the need for alternative energy solutions.
He advocated for better utilization of Nigeria's rail and inland waterway systems to alleviate road pressure and reduce logistics costs. Frank Ojadi, a professor at Lagos Business School, noted that the ability to maintain production and distribution during global disruptions will be crucial for African economies' competitiveness.
Plus234Feed summary based on reporting from BusinessDay. Read the original report below.
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