Importance of the Supply Chain

Thobias began by underscoring the pivotal role of the supply chain in collecting all entities involved in creating and delivering products or services to end customers. "Supply chain harmonization is crucial," he stated, "because it improves efficiency and effectiveness, leading to significant cost savings, enhanced service levels, and new operational opportunities."

Challenges and Opportunities

Despite Africa's wealth of natural resources, the continent contributes only 3% to global trade, a significant decline from the 1960s. Thobias noted the irony of this situation, given Africa's 8% share of the world's natural resources, 10% of global oil reserves, and substantial arable land. "Connecting Africa to the world through the supply chain is not optional but an essential engagement," he asserted.

Strategic Actions for Improvement

1. Adopting International Standards: Thobias stressed the importance of aligning local products and services with international standards to improve global market acceptance. He argued that local customer service excellence would translate into international market success.

2. Sustainability and Competitiveness: Emphasizing environmentally friendly and socially responsible practices, Thobias called for a focus on sustainability. Additionally, leveraging technology to access and market products globally was highlighted as a critical factor in enhancing competitiveness.

3. Capacity Building: The speaker emphasized the need to improve technical and marketing skills to meet international standards. "We must focus on vocational training and practical skills over formal qualifications," he said.

Government and Institutional Support

African governments were urged to support supply chain optimisation through infrastructure development, incentives, and supportive policies. Thobias referenced specific initiatives like the African Growth and Opportunity Act (AGOA) and regional projects aimed at improving connectivity and infrastructure.

Training and Skills Development: Highlighting the importance of vocational training, Thobias pointed out that many local suppliers struggle to meet international standards and procurement requirements. He emphasized the need for comprehensive training programs to build the necessary capacity and technical skills.

Collaboration and Knowledge Transfer

The speaker called for increased collaboration between local and international firms to enhance capacity and share knowledge. He also recommended using consultants to help local businesses understand and navigate new markets.

Conclusion

Thobias concluded his address by urging a concerted effort to develop Africa's supply chain capabilities. He encouraged leveraging available resources and opportunities like AfCFTA to improve the supply chain and overall economic performance in Africa. "Connecting our supply chain to the rest of the world is not just a goal; it's a necessity!" He stated.

The keynote session served as a powerful reminder of the potential Africa holds and the steps necessary to unlock that potential through a robust and efficient supply chain system. He further stressed that this would take a sprint, it is a marathon and stakeholders must be prepared to invest time, money and effort before they can realize the benefits.