COVID-19: Local implications of a global disruption - Vanguard News

One thing we’re clearly seeing emerge from the global Covid-19 pandemic is that small and medium enterprises’ supply chains from hub regions across the globe have been severely disrupted on an unprecedented level and with an unpredictable timeframe for resolution as the virus continues to impact industrial production.

Digital commerce platforms and advances in fields like digital analytics and artificial intelligence can significantly help to mitigate the risks of supply chain fragility. Flexible cloud computing solutions, data collection and analysis, and automation software can all contribute to the success of SMEs in the digital era.

The challenge now is to establish new supply chain avenues within Africa. The African Continental Free Trade Agreement can play the role of unlocking innovation, growth, and productivity on the continent, especially for its SME the segment, by translating spending power into economic development.To date, intra-African trade is relatively limited; UNCTAD, the main UN body dealing with trade, said it made up only 10.2 per cent of the continent’s total trade in 2010.

Regardless, better market access creates economies of scale. Combined with appropriate industrial policies, this contributes to a diversified industrial sector and growth in manufacturing value-added.

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