Prior to the outbreak of Coronavirus, the logistics trade was one of many fastest-growing sectors in Nigeria.
According to the 2018 Logistics and Supply Chain Industry report, Nigeria’s logistics sector’s worth was capped to be round 250 billion Naira. However, like many different industries in Nigeria, the logistics trade was quickly confronted with some challenges because of the COVID-19 pandemic in early 2020.
The pandemic disrupted many companies and had a major affect on the nation’s financial system. Nigeria was quickly despatched again into recession, and this affected a number of corporations. Many international locations have been compelled to shut their borders and restrict transportation and journey to curb the virus’ unfold. This determination precipitated a number of setbacks for a lot of logistics corporations. Challenges confronted by the logistics trade throughout the pandemic embody, however usually are not restricted to:
- Border closure
- Shortage of workforce
- Restrictions on motion
- Air and sea freight limitations
Like the favored saying “What doesn’t kill you makes you stronger”, many logistics corporations have come out stronger – adapting to the brand new regular – and are doing higher regardless of the challenges. The modern ones like Red Star Express Plc have been in a position to make use of expertise to their benefit, and have discovered options to the challenges posed by the pandemic. Some airways are adopting the cargo manner, making it simpler for logistics corporations to move items with out getting uncovered.
Technology has additionally been a lifesaver for a lot of logistics corporations, even in Nigeria. Humans have been changed with Robotic Systems, the Internet of Things (IoT), and Artificial Intelligence-Powered Technology. This manner, the logistics corporations are in a position to transport objects with out essentially exposing their staff to the virus.
With expertise, corporations can monitor the cargo via monitoring gadgets, and clients can observe their packages on-line. Technology has made it simpler for logistics corporations to carry out their duties successfully, regardless of the pandemic; particularly with reference to planning, implementing, controlling the motion and storage of products between origin and consumption factors.
To keep away from the unfold of the virus, Red Star Express Plc, a courier and logistics firm in Nigeria was fast to undertake using expertise. With their customer-focused system, they’ve provide you with an Online Shipping Solution that enables clients to order pick-up and supply of packages with out visiting a bodily workplace. Sign up here to ship your packages. They even have a logistics management platform for e-commerce retailers trying to ship merchandise to clients. Their system has helped them to adapt to the brand new regular by curbing bodily transactions.
The logistics trade is making waves and swiftly adjusting to the brand new regular, not like different industries in Nigeria. Despite the financial meltdown and the challenges that got here with the COVID-19 pandemic, they’ve been in a position to provide you with other ways to maintain the trade afloat. As you could already know, just a few logistics corporations could be relied on throughout this era, and primarily based on our analysis, one among them occurs to be Red Star Express Plc.