Transnet must go regional as Covid-19 takes toll globally, says CEO

News24
13 Aug 2020, 04:43 GMT+10

OPINION | Transport SOEs: A crucial link in SA's economic recovery

Derby also told the webinar that said the state-owned entity was tightening up procurement. "We increasingly buy directly from manufacturers, so that we can get to grips with the mark-ups and we have become more discerning buyers and we don't simply take the first price we see."

Abhishek Sharma, senior Director of transport at TradeMark East Africa, a not-for-profit infrastructure and logistics support group active in 13 African countries, said there was also opportunity in the Covid-19 pandemic.

"This crisis brings with it the opportunity for us to rebuild our supply chains as this is not the first pandemic we have experienced, and it will not likely be the last. It also gives an opportunity to become more resilient ahead of future challenges, " said Sharma.

International Road Transport Union senior advisor, Jens Hügel, said the pandemic's impact on global trade was worsened by a lack of regional and global coordination.

"Some countries have trade restrictions, others don't. Some countries impose a lockdown, others don't. It becomes very hard to exporters and businesses to know what to expect," said Hügel.

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