28/03/2019
SWOT ANALYSIS OF LOGISTICS INDUSTRY IN NIGERIA
No doubt, technology came handy with development from inception. Now, advancement in technical know-how has sprouted numerous growth of which countries of the world can reflect on how far they have gone in terms of production, consumption and development. With this level of the advancement, production processes are becoming more complex hence need for a detailed organization and implementation of this complex operation which generally referred to as logistics.
However, for a logistics industry in Nigeria here is what you should know.
STRENGTH
1) The simple process of ordering vehicles
2) Innovative operational techniques
3) Collect payment on delivery rather than in advance
4) Cashless payment
WEAKNESSES
1) No fusion of new ideas
2) High capital expenditure
3) Low-profit margin
4) The absence of insurance passenger in case of an accident
OPPORTUNITIES
1) Increase in trade through Nigeria
2) Strong platform for diversification
3) Consolidation within the supply chain
THREAT
1) Poor infrastructure and road network
2) Lack of continuity of government
3) Lack of coordination and regulation
4) Lack of sophisticated management techniques among transportation companies
MAXOVERMAX is a business support and digital marketing agency. For more insights and updates:
Follow us
www.maxovermax.com
[email protected]
We are a creative business development agency for entrepreneurs, startups and small businesses. Founded in April 2014, our team delivers insights, strategies, and solutions for starting, launching or growing a pro๏ฌtable bu
