- Local clothing retailers are re-examining their relationship with Chinese suppliers
- The Covid-19 lockdown revealed serious vulnerabilities in the supply chain
- As a result clothing giants are looking to invest in local manufacturers to create a local supply chain
The winds of change are blowing, large South Africa retailers such as The Foschini Group and Woolworths are investing more in local clothing producers and reducing their imports from China.
They have realised that a local supply chain is far more secure, this was made evident in the Covid-19 lockdowns when supply chains were disrupted.
The companies plan to source 65% of their products from local producers before 2030. The exact targets for various companies are different but there is a consensus that local is lekker.
The disruption to supply chains revealed how dependent companies are on imports from China and have local supply chains increases control and reliability.
According to News24, Cyril Ramaphosa plans to breathe life back into South Africa's manufacturing industry which has been experiencing a downward trend since the end of apartheid when sanctions were lifted and companies could source cheaper alternatives from overseas.
Renewing the sector would help provide jobs which is a crucial challenge as unemployment is currently at a 17-year high.
Earlier, Briefly.co.za reported that the Chinese government on Friday, November 13, finally recognised the victory of Joe Biden as the projected winner of the United States presidential election.
The Asian government, through its foreign ministry, congratulated the duo of Biden and Kamala Harris, Dailymail reports.
The spokesman of the ministry, Wang Wenbin, in a statement noted that China followed the much-talked-about poll and respects the choice of the American people.
In other news, South Africans have learnt on Thursday that the unemployment rate has once again spiked amid the Covid-19 pandemic.
Stats SA confirmed that the unemployment rate for South Africans aged 15-24 increased by 9 percentage points to a staggering 61.3%
With a large number of citizens facing a future without much hope for obtaining employment, the situation was soon trending on social media.
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