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.
Technology makes end-to-end supply chain visibility and predictive analytics a reality
20/05/2019 - 09:31
Line of sight is the biggest challenge for all aspects of the supply chain, from the manufacturer to the wholesaler, distributor, and the reseller and even to the end consumer. This lack of visibility and resulting lack of control results in a number of issues, from stock losses to pricing inflation, uncertain availability and increased time to market.
How to save a sale with efficient warehouse operation
13/02/2019 - 15:11
One of the biggest frustrations instore shoppers face is not being able to find products they’re looking for - whether they are sold out, hard to find or simply not practical to keep in stock. And customers hardly ever ask about them if they’re not. While these missed opportunities may seem inconsequential, they are starting to add up in this competitive retail environment where every sale counts.
Carrefour to use AI for supply chain optimisation
15/01/2019 - 15:19
Carrefour has announced plans to use artificial intelligence to optimise its inventory management, making it the first French retailer to do so.
Beating the #BlackFriday delivery blues
20/11/2018 - 10:16
The biggest challenge on Black Friday isn’t a system crash or a payment failure. It’s the delivery problems that come after the purchases have been made. This year, courier companies are working closely with e-tailers to ensure that delivery expectations are met – but consumers can also play their part in getting their parcels as quickly and efficiently as possible.
Growing import demand contributes to expanding logistics and warehousing sector
16/11/2018 - 11:05
The inflow of imports, most consumer goods, is contributing to increasing demand for storage, logistics and warehousing services in South Africa, and a clear correlation is visible in the trend of wholesale and retail trade sales in comparison to imports.