Finally the year 2009 has gone down in history as one of the most difficult years for the world economy in general and the Nigerian economy in particular. Further intervention and corrective policies of the Central Bank of Nigeria (CBN) in the banking industry led to unanticipated disruptions in the local economy that made the effects of the global economic meltdown to become very real to individuals, business and Government at all levels.
The haulage and logistics industry and indeed many businesses supply chain were tested to the limited with companies having unprecedented high stock levels in their warehouses. All these acted to significantly slow don haulage and logistics activities. so many businesses in the industry were challenged with reduced operational revenue coupled with the fact that the banks were not providing any form of financing. the effects of the expected increase in yearend activities that usually lifted the game for so many haulage and logistics businesses were hardly noticeable. No doubt, 2009 has gone down as a very difficult year.
Going forward, the expectations are that by the end of the first quarter of 2010 we should start noticing some form of recovery. already the stock market is showing signs of rebound. Oil price has hit a 15-month high of $84 per barrel. it is also expected that the banks will start testing the waters again with fresh credit lines to their customers. The question that remains to be answered is whether you are ready to run.
At times like this, what makes the difference is the kind of information you have to take decisions with. We are keeping our part of the bargain by providing you the kind of information that would keep you ahead of the game.More than ever before you would need every edition of this publication to get incisive information that would help you craft your winning strategy.
You are welcome to this awesome goldmine called 2010.