Improving Business Profitability By Reducing Supply Chain Costs
Between 2015 and 2021, Nigerian businesses paid foreign shipping lines an estimated N28.8 trillion (US$60 billion) in freight. The sharp increase in shipping charges last year contributed to this figure, and it massively impacted many small businesses’ profitability. In an environment with strong competition and economic uncertainty, this is a major knock. It’s also highlighted how reducing supply …
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