“African companies want extra dependable native knowledge,” says Nathaniel Boso, CARISCA director and a co-author of the index. “Data on enterprise actions in Ghana and different nations in sub-Saharan Africa is restricted. The LMI will assist observe the motion of logistics actions within the enterprise sector to fill the current info hole.”
CARISCA’s first Logistics Managers Index reveals an increase in logistics actions in Ghana.
This improve is welcome information, because it signifies the opening up of the Ghanaian financial system after the pandemic.
The LMI is calculated as a proportion worth that reveals whether or not logistics actions are rising or lowering. The mid-value/threshold is 50.0%. A worth above 50% signifies a rising logistics trade, whereas a worth under 50% signifies a shrinking logistics trade.
The primary-quarter report signifies that the general Logistics Managers Index (LMI) for Ghana stands at 64.7, which is indicative of rising logistics actions within the nation. In accordance with the report, logistics prices are usually excessive, with three cost-related indicators (warehouse costs, stock price and transport costs) recording the best values of all the symptoms.
The report additionally reveals a necessity for extra warehousing and buyer fulfilment amenities near main cities and cities, as demand for warehousing outstrips provide.
Present stock ranges are excessive, reflecting sturdy demand for items and providers within the nation. The report initiatives that there shall be steady development in logistics actions over the yr, which can have spill-over results on your complete financial system.
The LMI offers insights for the federal government, enterprise decision-makers, market analysts and traders.
In accordance with Mr. Mark Amoamah, nationwide president of the Chartered Institute of Logistics and Transport, “this new index by CARISCA offers a well timed measure of motion in logistics actions in Ghana and identifies prevailing traits. The info ought to enhance the visibility and effectivity of Ghanaian provide chains.”
This device is the primary of its form in Africa. It offers provide chain managers in Ghana with evidence-backed knowledge and knowledge to allow efficient provide chain planning. The LMI relies on a survey of logistics, provide chain and procurement managers throughout a number of industries in Ghana.
CARISCA will proceed to seize, analyse and share LMI findings quarterly on its web site, https://carisca.knust.edu.gh/lmi.
Senior executives and managers of Ghanaian organisations have been invited to take part within the quarterly LMI surveys: https://www.surveymonkey.com/r/3RJ3FCX.