The Kenya National Chamber of Commerce and Industry (KNCCI) has urged local businesses to cut Chinese imports to safeguard their trade from global pandemics – By Gerald Gekara.
This is after the Coronavirus pandemic completely altered global trade for resources, electronics, and other supplies.
Nearly 90% of local businesses get their wares from China and other Asian countries. This means that during the pandemic, only 10% of the businesses could operate without interruption of supplies.
KNCCI outlined the stringent measures by the Chinese government in reopening its airspace for cargo, which has led to massive delays while transporting imports from China.
KNCCI urged traders to diversify to other markets or source their goods locally in order to reduce expensive restrictions from China.
The policy body also urged traders to do a self-analysis and find out what imports are available locally to cut down on imports and promote local businesses.
First cases of COVID-19 originated from China, leading to the closure of major factories and supply chains.
The move took down major industries, as most countries rely on cheaply available goods and resources to run their corporations.
