Having its economy focused on oil production, Angola was strongly affected by the fall in the price of crude oil, leading the government to take urgent economic measures.
The fall on the price of the oil has forced Angola to tighten its belt. Oil accounts for 48% of GDP, 98% of exports and 72% of the Angolan state revenue. A review of the State Budget suspended several public works placing several building companies in Red Alert. Simultaneously a lack of foreign exchange is threatening an entire economy that still depends on the import of agro-food goods to meet their needs.
Every crisis brings opportunities, and 2015 represents an important turning period on the economy of the country. The fall in oil prices is shaking the foundations of the Angolan economy forcing a general review of the state, companies and people behavior.
Nowadays the watchword is Diversify - the question that arises is, how to put it into practice?
The first way is to rethink the competitiveness of Angola in the context of International Trade, creating conditions for other industries to develop (with obvious focus in Agriculture), reduce the cost of imports and create conditions for export, mainly within SADC.
Freight forwarders were called upon to rethink the Logistics Factor. Freight forwarders must be the entities in International Transport operations that seek to create the best intermodal solutions to effectively, quickly and cheaply bust the competitiveness of economy of the countries where they operate
The strongest forwarding companies will take part in the acceleration on the diversification strategy of Angola's economy; efficiently and ambitiously. In Angola there is still much to explore, and Logistics will have key role in doing so.
We are called to reflect thus:
How to make more flexible the customs procedures in Luanda, the main door to Angolan imports?
How to beneficiate inner cities reducing logistic costs associated with consumer goods, allowing the population decentralization and mobilization?
How to profit from the large state investment on a first line Railway line at the Lobito corridor?
In line with the Government investment on rural and Agriculture development, how to make these products competitive in in SADC export scenario?