Value Group slips amid weak economic growth
By Hanna Ziady - Oct 19th 2017, 08:38
Supply chain and logistics company Value Group says weak economic growth has hurt first-half revenue.
Revenue increased 2% to R1.2bn for the six months to August, while gross profit fell 3.7%, to R376.8m, the group said on Wednesday. Excluding one-off black economic empowerment equity transaction costs, normalised headline earnings per share were up 24%, to 17.8c
A challenging economy had prompted an "ongoing extensive restructuring exercise", to extract cost savings, it said.
While it was not expecting an economic recovery in the short-term, Value Group anticipated an improvement in second-half earnings on increased volumes over the festive season.
Plans were underway to expand the business into areas that were not serviced, while the group continued to hunt for acquisition opportunities, it said.
AB InBev rolls out blockchain solution to assist farmers
01/08/2019 - 14:16
Multinational brewing company AB InBev Africa is rolling out a blockchain solution to assist smallholder farmers in its supply chain.
JIT is key to optimising the FMCG supply chain
23/07/2019 - 19:12
The ability to manufacture ‘just enough’ stock to cover orders and deliver ‘just enough’ product to every retailer is the optimal supply chain scenario in the Fast-Moving Consumer Goods (FMCG) industry. This is known as Just in Time (JIT) manufacturing and delivery.
Collaborative planning, forecasting, and replenishment in the retail supply chain
10/07/2019 - 08:56
Grocery retailers often find themselves facing the challenges of overstocking, understocking, missed sales and expired stock. Collaborative planning, forecasting, and replenishment (CPFR) is a framework that has been developed to address these challenges.
Addressing the entire supply chain is key to driving consumer behaviour and creating loyalty
03/07/2019 - 08:33
Changing consumer behaviour and creating loyalty throughout the supply chain are areas every FMCG manufacturer is trying to achieve.
Shoprite opens its first distribution centre in Botswana
13/06/2019 - 09:40
Shoprite Botswana recently opened its own world-class distribution centre (DC) in Taung, Gaborone.