The ongoing supply chain disruptions are having a profound impact on the types of goods that consumers in Africa and other Global South countries can access. It used to cost just $1,000 a container to ship low-cost socks, shoes, electronics, and other goods that once flooded African markets. Today, the shipping cost for that same container is now $8,000 and rising -- making it possible to send only high-value goods from China that can offset those surging shipping costs.
Walter Ruigu, managing director of CAMAL Group Ltd, says once the supply chain goes back to normal those costs will come down again but no one knows for sure when that will happen. And in the meantime, he warns, the consumer will pay the price.
Walter joins Eric & Cobus from Beijing to discuss the latest trends in China-Africa trade and he also shares his take on the latest FOCAC conference that recently wrapped up in Senegal.
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