As per a McKinsey report, Covid-19's economic impact finds that Africa's gross domestic product (GDP) growth in 2020 could be cut by three to eight percentage points. The pandemic and the oil-price shock are likely to tip Africa into an economic contraction in 2020, in the absence of a major fiscal stimulus.
The department of trade and industry (DTI) of the Republic of South Africa is planning to launch a new poultry sector masterplan in the country to stimulate local demand, boost exports and protect the domestic chicken industry, as reported by Poultry World.
This plan accommodates both large and small-scale farmers.The main objective of the plan is to drive local demand and protecting the local industry, feed costs (primarily maize and soya), meeting safety and veterinary requirements, as well as compliance to boost exports, and transformation of the South African sector as a whole.The poultry industry is the biggest agricultural industry in South Africa, employing in excess of 100,000 people throughout the value chain.
"To do this, we will invest about R1.5 billion ($10 million) in the processing facilities in the country.
This will enable us to increase our production by 10 to 20 percent by the end of 2022," said Izaak Breitenbach, general manager of the Broiler Organisation within the South African Poultry Association.Large scale farmers, about 70, who collectively produce 12 million birds per cycle, have invested R35-40 million ($2.4-2.7 million) in their farms.
Steps will be taken to focus on ownership throughout the value chain, and not just on farming.
Approximately 25 percent of the biggest small-scale farmers will be identified and a business plan will be developed for each of them.
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The global E-commerce market is anticipated to grow significantly over the forecast period.
E-commerce can be defined as electronically conducted commercial transactions via the internet, pertaining to the buying and selling of goods and services.
E-commerce includes online goods and services (software, e-books, media streaming), retail services (ordering food, travel, mail deliveries), marketplace services (e-wallet, comparison shopping) and customer support (help desks, live support).
It can also be classified on the nature of the dealing parties: B2B, B2C, C2B and C2C or the distribution channels adopted by them: pure click, brick-&-click or click-to-brick.
Apart from these economic factors, customer interaction and marketing forces and multimedia convergence fuel e-commerce growth.
To succeed, a company needs to have a strong, reliable and efficient supply chain and connectivity network to ensure timely processing of orders.
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Once you start planning to develop your own eCommerce website, you first think about having your own eCommerce team.
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Blockchain solutions for eCommerce, with its decentralized nature, can solve almost all the problems of the eCommerce sector.
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