South Africa’s logistics sector is facing a pivotal moment, where innovation and investment are crucial to overcoming existing challenges.
As the industry grapples with inefficiencies and infrastructure constraints, stakeholders are calling for a transformative shift to modernise operations and boost competitiveness.
The need for advanced technology and strategic investment has never been more urgent.In response to these demands, industry leaders are stepping up with groundbreaking solutions and collaborative efforts.
From state-of-the-art tracking systems to revamped supply chain strategies, the push towards a more efficient and resilient logistics network is gaining momentum.
According to Professor Jan Havenga, a director at the GAIN Group and a logistics lecturer at the University of Stellenbosch, the current embedded logistics costs for any commodity in South Africa average more than 50%.
Improving efficiency in logistics will enhance competitiveness and reduce costs across the country.
Natalie Chippendale, commercial director at Teraka Logistics, said a good deal of logistics costs could be attributed to inefficiencies in the value chain.
“Addressing these challenges requires substantial investment in upgrading critical infrastructure, such as roads and ports. Moreover, adopting more efficient technologies and methods can play a crucial role in reducing costs. Streamlining regulations and improving policy frameworks will also be essential to enhance the sector's competitiveness and drive down overall costs,” she told Freight News.
- Read the full article in our Freight Features edition of "Logistics."
