INFORMAL ECONOMY HAS THE POWER TO TRANSFORM AFRICA

    If your response to vendors plying their trade on South African streets is one of pity and despair, you need a lesson on the power of Africa’s informal economy, according to author, entrepreneur and informal business guru GG Alcock.   Alcock says that the informal business sector is the next great frontier of Africa and it is undergoing an economic revolution. “This is a new world of small people doing big things and transforming the continent,” he asserts. “Not only are these outlets and traders paying VAT on…

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SA e-commerce growth drives demand for logistics spaces: Equites Property Fund

  Amid the global pandemic, Covid-19 has accelerated e-commerce penetration globally thus fuelling demand for prime modern logistics space. In SA, retail and supply chain driven warehousing and logistics sectors will continue to boost demand for e-commerce. Laila Razack Some South African national retailers have seen online sales increasing during lockdown. While e-commerce is yet to peak in South Africa, the pandemic is driving this trend, according to Equites Property Fund. The company revealed this in an investor presentation of its interim results released this week. The JSE-listed specialised industrial Real Estate Investment Trust…

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Pharmaceutical manufacturing companies must handle returned drugs better

Pharmaceutical manufacturers should focus on reducing faults and working closely with pharmacies to manage medicine stocks better. But the return of medicine can’t be avoided. It’s inevitable that some products would be returned because of faults or when they have expired. Most drug returns are caused by recalls. A recall is typically done by the manufacturer. It’s different from a return of pharmaceutical products by customers. Whatever the reason for the return, manufacturers, importers, retailers, exporters and end-users must follow strict requirements for the removal of waste. In the normal…

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Adapting the supply chain to the ‘new normal’

  By Andrew Dawson, MD at MACmobile Issued by Evolution PR for MACmobile Johannesburg, 23 Sep 202 Andrew Dawson, MD, MACmobile The supply chain, particularly in the fast-moving consumer goods (FMCG) industry and especially in South Africa’s main or informal market, has traditionally relied heavily on interpersonal contact for ordering and fulfilment. When the COVID-19 pandemic hit, the industry was literally turned on its head. Physical distance has become paramount when it comes to keeping staff safe and healthy, and the model of sales reps visiting stores simply for the…

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ASCA AIMS TO PUT AFRICA “AT THE TABLE OF PROSPERITY”

In his keynote presentation at the inaugural Africa Supply Chain in Action (ASCA) virtual conference and exhibition, renowned Kenyan pan-Africanist, Professor of Law and anti-corruption crusader, Patrick Loch Otieno (PLO) Lumumba said: “When we put our hands together and work together, Africa will sit at the table of prosperity.” He was addressing close to 1 000 African supply chain and procurement professionals who came together for ASCA 2020, the largest ever Africa-focused online learning, knowledge sharing and networking event for the profession. In his keynote presentation, Lumumba urged the African…

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NESTLE EMBRACES BLOCKCHAIN TO GIVE CONSUMERS SUPPLY CHAIN VISIBILITY

The world’s largest food manufacturer Nestle is investing in supply chain transparency through a collaboration with OpenSC, a blockchain platform that allows consumers to track their food back to its source. The company, also Australia’s largest food manufacturer with six factories, is the first major food and beverage company to pilot open blockchain technology. Founded by WWF-Australia and The Boston Consulting Group Digital Ventures, the OpenSC platform provides access to independently verifiable sustainability and supply chain data. The pilot program will trace milk from farms in New Zealand to Nestle…

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First Cut ‘cuts’ a vibrant new profile in Mpumalanga

First Cut is developing an exciting new profile in the Lowveld at Mbombela (formerly Nelspruit). Their presence builds on the foundation of an existing company, Bremsaw, which is a well-known local saw doctor business, explains Director of First Cut, Gary Willis. Dave and Anna Bremner owned the company for some 20 years. While the company had been a customer of First Cut for many years buying various sawing-related products, a change came about when Dave and Anna decided to sell their business. Willis has had a long and successful relationship…

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Clear visibility into supply chain complexity

In January 2019, the MSC Zoe lost more than 375 cargo containers in the North Sea, some of which contained organic peroxides, hazardous materials with explosive capability. The cost of locating and retrieving the cargo, some of which had sunk to the depths of the ocean, was born by MSC. The hunt was costly and time-consuming. In February 2019, the Safety and Shipping Reviewreleased its 2019 report that revealed the cost of the around 230,000 insurance industry claims over the past five years had almost reached $10 billion. The international shipping…

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World’s first all-inclusive Supply Chain Compendium to be officially launched in Ghana

Africa’s first ever appointed professor extraordinaire for supply and value chain management, Prof. Douglas Boateng, is set to launch the world’s most-sought-after Supply Chain Management (SCM) compendium on Tuesday, September 11, 2018, at Labadi Beach Hotel. The Second Edition of the book titled “Executive Insight Series: Compendium of Supply Chain Management Terms” contains thousands of definitions to help the public and private sector officials understand and apply aspects of the supply chain management thinking to their respective value chains, support industrialisation and competitiveness, and improve service delivery quality. Commenting ahead…

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SOUTHERN AFRICAN SUPPLY CHAIN ASSOCIATION JOINS GLOBAL INITIATIVE TO TRANSFORM PUBLIC HEALTH SUPPLY CHAINS

Leading Southern African supply chain association SAPICS has been appointed a board member of “People that Deliver”, a global initiative that aims to improve health outcomes by promoting sustainable workforce excellence in health supply chain management.   “We are very proud to have this opportunity to contribute to the global drive to develop and professionalise public health supply chains in order to improve access to critical medicines and save lives,” comments SAPICS president Mungo Park. “More than half the world’s population lacks access to the most basic health services, and…

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