As one of the world’s largest emerging markets, Nigeria stands at a crossroad. Its rapidly expanding economy and growing disposable income will propel its e-commerce market to reach $75 billion per year by 2025. A large unbanked population and erratic power supply, however, threaten to limit growth.
A massive container ship blocking the Suez Canal showed no signs of budging for a third day, forcing container carriers and other vessels to weigh costly and time-consuming voyages around Africa that threaten to destabilize the already fragile underpinnings of global trade.
Crews are still struggling to remove Ever Given, a stranded container ship longer than the Eiffel Tower, and a look at the type of cargoes waiting to pass show the shipping delays will affect a range of industries.
One of the largest container ships in the world has been partially refloated after it ran aground in the Suez Canal, causing a huge jam of vessels at either end of the vital international trade artery.
The latest supply chain news, analysis, trends and best practices for companies operating in the Middle East and Africa. The Middle Eastern region consists of 18 countries that stretch from the western borders of Turkey and Egypt to the eastern edges of Iran and Saudi Arabia. Learn how businesses are optimizing supply chain and logistics performance in these regions, addressing a range of challenges such as poor infrastructure, complex customs and tax laws, unstable political climates and government controlled exchange rates - as well as capitalizing on new land and labor opportunities, particularly across Africa.
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