Cash flow allows an organisation to pursue opportunities that enhance value. This may indeed become tricky when importing the goods required to run a business becomes an expensive and complex process, including costs associated with moving the goods, as well as duties and taxes requiring payment once the goods have arrived and clearing required before collection. These activities can result in tied up cash leading to reduced efficiency.
From shoes made in China to crude oil from India, the ability for businesses to ship goods by sea has brought about global economic benefit. Every year billions of tonnes of goods are shipped along major trade routes, in South Africa alone over R133 billion worth of goods were shipped around the world in 2018.
In 2018, goods to the value of just less than $90 billion were imported into South Arica, with about 45% of this originating from China. European and African trade partners accounted for 33% and 10% respectively, with the balance of trade originating throughout the rest of the globe. As the local economy continues to emerge from a recessionary period, it is likely that the demand for foreign goods will continue to grow, making this an economic segment ripe with opportunities for those organisations looking to capitalise on this demand.
This transport month we celebrate ladies taking the wheel in our transport division
South Africa is said to have an astonishingly low rate of employed women. According to the Organisation for Economic Co-operation and Development (OECD) only 50% of women between the ages of 25 and 54 are employed. With a skills shortage and burgeoning demand for the transportation of goods, the transport industry is well suited to provide a solution for women whose innate attributes could make them well suited for driving trucks.
According to the July/Aug 2018 ENaTIS statistics, there are more than 2.8 million trucks on South African roads, ranging from panel vans to heavy load vehicles, accounting for as much as 25% of all registered vehicles. There are more than 15 000 truck fleets operated in our country, and more often than not, our newspapers feature news of accidents, un-roadworthy vehicles and infrastructure damage due to ill-maintained vehicles. October is Transport month, with the Department of Transport emphasising the local industry, road safety and all things “truck”. As a substantial, and responsible, player within the Transport industry, we at Barloworld Logistics not only support this initiative during the month of October but strive to build a better industry for all through everything we do, in every aspect of our business, every day.