Study Finds Ways To Boost Intra-African Trade and Build Resilience
On 1 January 2021, the African Union launched the Africa Continental Free Trade Area (AfCFTA), the world’s biggest free trade area and Africa’s most ambitious and recent effort to liberalize trade. The World Economic Forum’s Connecting Countries and Cities for Regional Value Chain Integration – Operationalizing the African Continental Free Trade Area (AfCFTA) released today analyses the impact that COVID-19 has had on Africa’s supply chains.
It is perhaps the most ambitious free trade project since the creation of the World Trade Organization itself.
Martyn Davies – Deloitte Africa
Developed by the World Economic Forum’s Regional Action Group for Africa in partnership with Deloitte, the report provides policy advice for accelerating the expansion of regional value chains in emerging manufacturing economies such as the automotive industry…
Seven Strategies for Creating Business Resilience
In order to survive in an unpredictable supply chain environment, businesses need to be incredibly resilient. While it is impossible to predict the future, there are many steps that businesses can take to prepare for it. Companies need to be prepared for the abundant, unpredictable variables in supply chains, such as natural disasters, cyber-attacks, labor shortages, and, as we have seen over the past year, global pandemics and foundational changes in the way consumers purchase products.
“Companies that frequently deal with disruptors, such as unstable weather conditions, are more often prepared for impacts to supply and demand and have contingencies in place.”
Gene Bornac – chief strategy officer at enVista,
We have compiled some key best practices to help companies create business resilience from within. Implementing these practices will best position your business to mitigate the supply chain variables that may arise…
