Tag: supply chain management

Every person who goes into business does so for various reasons and manages their company in a way they deem fit. Ultimately entrepreneurship is about creating jobs and improving society’s standard of living and while there may be ample ways of getting there, successful entrepreneurs have basic underlying traits that make them and their businesses fruitful.

With the struggle against COVID-19 far from over, South Africa faces a long and tough road ahead as it strives to mitigate the devastating economic impact of the global pandemic. The construction industry, which was already in a negative growth phase prior to the outbreak of the virus, has been particularly hard hit and many companies are struggling to stay afloat.

The global coronavirus pandemic has impacted the supply chain industry in several ways, many that will change it forever. It has been a year of complete and comprehensive change. The 2020 pandemic has altered the way people work and live. It has changed the ways in which different sectors approach business and growth.

Many people re-discovered their enthusiasm for local production during the disruptive, bewildering early days of the pandemic. The result is 'localisation', an emerging global trend that could revitalise local factories. If we respond quickly and wisely, there are three obvious benefits: economic resilience, more balanced trade, and greater fixed investment.

The convergence of enterprise technology trends will continue to profoundly transform all businesses and unlock potential for innovation, our 2020 Tech Trends report reveals. The report, and accompanying insights from our annual CIO survey and Tech Trend that give a global view of trends was launched at a pan-African virtual event we hosted, with more than 500 sub-Saharan clients and employees on 21 July 2020.

As lockdown restrictions ease slightly in South Africa and some economic activities resume, the logistics and transport sector is likely to become a centre point of the 'new normal' as consumers increasingly shift to remote shopping.

Business resilience remains one of the most important and relevant ways for organisations to bypass legacy challenges and to explore new opportunities. The recent months have likely been the biggest challenge for all organisations across the continent.

COVID-19 is a global pandemic, evolving at unprecedented speed and scale. It is creating a universal imperative for governments and organisations to take immediate action to protect their people. Self-quarantine. Social distancing. Community spread. These formerly obscure terms are now everyday words

The apparel sector has been fundamentally altered by the impact of COVID-19. The last number of months have seen increasing pressure on the sector due to abrupt order cancellations, halted payments for suppliers and workers along with enforced factory and store closures.

The oil and gas industry are no stranger to supply and demand shocks, having faced more than a dozen such blows over the course of the past four decades. Most of the supply side blows were the result of sudden supply pullbacks in reaction to geopolitical unrest.