Thirty-five per cent of Cameroonian enterprises had their orders cancelled due to the lack of raw materials to produce their manufactured goods as a result of the coronavirus pandemic.
According to the report of an evaluation of the socio-economic impact of the coronavirus in Cameroon during the year 2021 just published by the National Institute of Statistics (NIS), the COVID-19 pandemic continues to affect the supply chain of raw materials for production.
“On the whole, 35.1 per cent of businesses in Cameroon have recorded cancellations of orders from clients due to insufficiency of raw materials for production,” the NIS report revealed.
“These cancellations, which concern exclusively small and medium size enterprises (38.1%) and industrial production units (38.9%), represent 47.1 per cent of monthly sales of the enterprises concerned whereas the cancellations stood at 31.5 per cent in March 2021.”
The NIS report noted that to counter the disruption in the supply chain of raw materials caused by the coronavirus pandemic, 16.3 per cent of businesses have increased the number of their local suppliers.
The NIS has, as a palliative, recommended the promotion of the development of local industries capable of satisfying the need for raw materials by national enterprises with a view to making the market less vulnerable to external shocks.
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