The growing adoption of digital platforms and the forging of new trade agreements have created a shift in the global economic landscape.
According to Nalini Maharaj, a partner in the shipping and logistics division at Shepstone & Wylie, it is a welcome development which is also evident in South Africa's readiness to embrace advanced import methods in unison with other countries to enable smoother trade facilitation.
"The industry is undergoing a phase of rapid transformation, and as is the case with all things new, there will be challenges," said Maharaj, indicating that most of these should be considered opportunities and not setbacks.
"Now is the right time to have meaningful discussions with important stakeholders.
"It's crucial to grasp your industry's needs and stay updated on the latest trends."
Speaking to Freight News, she said imports had been and always would be one of the most substantial contributors to the South African economy.
"This is evident from local issues, like the manufacturing sector's struggles due to high power and operating expenses.
"Despite these difficulties and other obstacles, there's been a consistent flow of imports, leading to congestion at entry ports. Given this, one can be hopeful that the sector will overcome these challenges and continue to grow."
- Read the rest here: "Sars tightens the screws on importers."
