All economies have shown their fragility, it is very probable that globalization, as we have known it, will have to change … and perhaps this will not be completely negative. The investments of governments and entrepreneurs will make the difference in favouring the integration between local and global production.
In my opinion, as regards the transport sector, there may be a drop in container movements … I am referring to the gigantic container ships … but very little will change in national and local transport which today and tomorrow will be for decades on the road.
In Nigeria, the agricultural sector with all the related supply chain will continue to grow; although in small steps, the industrial sector will be forced to grow…. everyone will need to increase logistics and, consequently, transport will be at the service of each segment of the local economy.
One thing is certain: no pandemic, war or financial crisis has stopped the world … perhaps it has changed it, almost always for the better. Obviously it is not the spectators who benefit from the change, but the forward-looking entrepreneurs.
We know that Africa has undergone even dramatic upheavals, as we know that all African nations have increased their GDP, as we know that the economy of the USA, China and Europe can no longer disregard African economies and African consumers… there is no virus that can stop this, at worst it can only slow down temporarily … and this time must be spent studying new business change for the future.
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