Companies need to redevelop their approach to ensure stable supply chains, according to LCCI and PwC.

The Lagos Chamber of Commerce and Industry (LCCI) together with PricewaterhouseCoopers (PwC) have called on businesses to revamp their strategies in order to address the challenges faced by supply chains.

At the PwC’s Consumer and Industrial Products and Services (CIPS) industry breakfast in Lagos, themed “Building Supply Chain Resilience in a Dynamic Operating Environment: Building the Future, Rewriting the Future”, LCCI Director-General Dr. Chinyere Almona pointed out that disruptions from the post-COVID pandemic, geopolitical conflicts, and economic pressures are among the factors challenging supply chain stability.

Experts have noted that we are in an era of global crisis, where challenges arise simultaneously and not only that, they also influence one another.
The impact of one is being exaggerated, starting with the COVID pandemic. The aftershocks continue as we still face delays, shortages, supply chain disruptions, and spillover effects.