Business Development Trade

Zimbabwe to host Logistics 4.0 And Smart Supply Chain Finance Summit

Nicky Moyo

Zimbabwe will host a Logistics 4.0  and  Supply Chain Finance Summit that is an important opportunity to learn about the latest trends, ideas, and developments transforming working capital and supply chain management.

Slated for Thursday 29 September 2022 at the Rainbow Towers Hotel in Harare, the in-depth event tracks the transformation of supply chain finance, showcasing the latest innovations within the industry for both domestic and cross-border financing, examining the future of technology-enabled supply chain models, and driving the conversation on increasing access of supply chain finance for SMEs, public sector agencies and leading private sector organizations.

The plumbing of global commerce has rarely been a topic of much discussion in newsrooms or boardrooms, but the past two years have pushed the subject to the top of the agenda.

Factors such as the COVID-19 crisis, post-pandemic economic effects, ongoing developments in Ukraine, and foreign exchange rate fluctuations have exposed the vulnerabilities of today’s global supply chains. The rapid emergence of more holistic supply chain finance solution providers indicates that singular trade finance instruments are gradually losing ground in terms of market share.

These providers utilize platform solutions to enable, among other things, dynamic discounting, reverse factoring, and the dynamic adjustment of payment terms, in some cases in conjunction with multi-bank interfaces.

Today, institutions operate multiple Supply Chain Finance (SCF) programs across different regions of the world, which can be managed through different platforms. Such platforms can incorporate a wide range of suppliers along the entire value chain and can be integrated into the existing IT infrastructure using interfaces.

This helps cut the administrative burden to the bare minimum. If suppliers are faced with slow or irregular payments from their customers with only uncertain and expensive financing options available, the goods and services they supply are likely to cost accordingly.

On top of this, corporate targets concerning working capital management are difficult to maintain under such circumstances. Exchange rate fluctuations should be at the forefront of a business’s risk assessment plan.

 

In an interview with Spiked Online Media, Nicky Moyo, the Managing Director at DEAT Capital, the organisers of the summit, said it is important that companies keep ahead and understand the impact of currency fluctuations.

 

“One of the main problems for exporters and importers linked to supply chains in Zimbabwe relates to buying in a currency with a high valuation and then selling in a weaker currency. Any strong changes affecting either currency will impact profit margins. There are risk management tools that can help businesses understand currency risks but it is important for a business to understand where and how exchange rates can distort the value of the company. This means that portfolio, structural, and transactional risks all need to be known and understood.

 

“Capital project delivery can be subject to various challenges that may result in time and cost overruns. Such challenges include risks ranging from insufficient upfront planning to the contracting strategy, from poor management of contractors to risks associated with end-to-end supply chains – all risks which may result in project value leakage,” Moyo said.

 

Trade credit insurance has played an important role in ensuring supply chain resilience as the country heads towards recovery. In particular, trade credit insurance is important for the protection it gives businesses against the risk of non-payment by buyers.

Non-payment of those receivables can lead to significant problems for businesses, particularly those which are highly dependent on short-term cash flow such as SMEs. When things go wrong, this can then leave sellers vulnerable to being unable to pay their own bills. This can lead to a domino effect of failures throughout supply chains, leaving many businesses in crisis, if not bankrupt, in the worst circumstances.

With supply chain finance programs already in place, it is possible to react flexibly to crises, for example by increasing the programs’ scope. This results in invoices being paid in one to two weeks instead of the two to four months often seen in practice. Buyers, in turn, benefit from being able to extend payment terms longer than usual, allowing them to manage and improve their working capital more actively.

Supply chain leaders now find themselves in an unfamiliar position: they have the attention of top management and a mandate to make real change.  Forward-thinking chief supply chain officers (CSCOs), insurers, corporate treasurers, and bankers now have a once-in-a-generation opportunity to future-proof their supply chains.

They can do that by recognizing the three new priorities alongside the function’s traditional objectives of cost/capital, quality, and service and redesigning their supply chains accordingly.

Currently, Africa engages in the global value chains mainly via the supply of primary goods. In comparison to other regions, like the Americas, Asia, and Europe, the intra-trade level in Africa is significantly lower.

The African Continental Free Trade Area (AfCFTA), by boosting the intra-regional economy, can bring new dynamics to Africa’s participation in the global value chain. The estimated rise in the manufacturing industry under the  Africa Continental  Free Trade Area will make Africa a significant opportunity as a future option for supply chain diversification.

The removal of tariff barriers and non-tariff trade barriers across the AfCFTA member states facilitates sourcing within Africa to form a regional manufacturing cluster, which will in return attract more foreign investment to establish manufacturing activity in this region.

 

Topics

  • Bank Loans
  • Digital Finance
  • Crowdfunding
  • Guarantees and Performance-Based Contracting.
  • Smart supply chain financing
  • Revenue sharing finance
  • ACFTA and Supply Chains
  • Revolving innovation funds.
  • Nimble digital procurement
  • Export Credit Financing
  • Smart procurement
  • Trade Finance
  • Bid Bonds
  • Guarantees
  • Operating contracts
  • Role of Fintech
  • Construction Bonds
  • Structured Trade Finance
  • Trade credit insurance  .
  • Digitization of supply chains
  • Pooled Lease Purchasing Finance.
  • Pooled Bond Financing.
  • Securitization and Structured Finance
  • Tap Fees
  • Pay for Performance

 Invited speakers & panelists

  • Hon. Daniel Garwe, Minister of National Housing and Social Amenities, Government of Zimbabwe.
  • Hon. J. Muswere, Minister of Information, Communication, Technology, Postal and Courier Services Zimbabwe
  • Dr John P MangudyaGovernor Reserve Bank of Zimbabwe (RBZ), Zimbabwe
  • Mr Samuel Matsekete, Group CEO, Old Mutual Zimbabwe, & Head of Banking Portfolio Old Mutual Rest of Africa
  • Mr Taurai Mushure ,  Acting Head of Corporate and Investment Banking, Bancabc Zimbabwe
  • Ms Regina Chinamasa  Managing Director, Acting Commissioner General, Zimbabwe Revenue Authority (ZIMRA), Zimbabwe
  • Mr Joseph Musariri,  Chief Executive Officer, Shipping & Forwarders Association of Zimbabwe
  • Mr Edmore Chibi, Chief Executive Officer, Ecocash Holdings Limited, Zimbabwe
  • Mr Humphrey Nwugo, Regional Chief Operating Officer, Afreximbank Southern Africa
  • Mr Clever Ruswa, Chief Executive Officer, Procurement Regulatory Authority of Zimbabwe (PRAZ), Zimbabwe.
  • Ms  Sekai Chirume Chief Executive Officer, Export Credit Guarantee Corporation (ECGC), Zimbabwe

   Target Audience

  • Senior Government Officials
  • Importers and Exporters
  • Procurement Management Units (PMUs)  and Supply Chain  Management Professionals
  • Heads of Finance, Treasuries in Public Sector Organizations
  • Infrastructure and Solutions Providers
  • Insurance Companies, Microfinance Institutions
  • Built Environment Professionals (Engineering, Surveyors, Architects, etc.)
  • Shipping & Freight Forwarders
  • Information, Communication Technology  Solution Providers
  • Urban and Rural Authorities
  • Waste  Management Companies
  • Development Cooperation Agencies
  • Investment bankers and corporate finance professionals
  • Logistics   Providers
  • Mortgage financiers
  • Pension Funds & Asset Management
  • Finance Directors, Corporate Treasuries and Finance Managers
  • Retailers, E-commerce  & Technology Entrepreneurs.
  • Smart Water and Irrigation Providers.
  • National Water And Energy Utility Providers
  • Transport Operators and Regulators.
  • InfrastructureOperators And Regulators
  • Real Estate  Developers  And Owners
  • Non-Governmental Organizations
  • Tourism and Hospitality Operators
  • Healthcare Regulators, Providers, and Innovators
  • Agriculture Producers and  Commodity markets
  • Special Economic Zones
  • Innovation Parks
  • Entrepreneurs
  • Pharmaceutical and Healthcare Operating Companies

 

Why Attend?

A fantastic speaker line-up, unequalled networking opportunities, and a conferencing tool that will maximize your experience.

Meet & Connect: – Logistics 4.0 &  Smart Supply Chain Finance Conference 2022

Conference  29 September  2022 brings together the people and companies shaping the evolution of supply chains and logistics . Broaden your network and meet policymakers, senior executives, leading experts, entrepreneurs, and investors in a familiar atmosphere to discuss partnerships, collaboration, and investments.

Watch & Learn: Enjoy a summit packed with high-quality content. Watch and learn from a diverse list of select local and international speakers across key industry branches through keynotes, panels,

Grow your Business: Whatever your objectives, you are only one click away from meeting your future clients and partners. You will have plenty of opportunities to engage with top decision makers from established institutions, innovative technology companies, and service providers in round tables and one-on-ones.

 Contacts for registration or as exhibition partner, potential sponsoring partner

Nicky Moyo, DEAT Capital, mobile +2633772403099, Email [email protected] 

 Or

Kelvin Mandizidza, DEAT Capital, +Mobile +263 773 589 058, Email [email protected]

 Or

Dumisani Dube, DEAT Capital, Mobile +263772486982, Email [email protected]

About the author

Byron Adonis Mutingwende