Anondomela will allow buyers and sellers to directly meet online and have Eid shopping can happen, while still respecting public health advisories and minimising the risk of infection transmission and at the same time help many small businesses who have worked around the year (pre-Covid) to produce Eid goodies do not lose out completely, reports UNB.

In a bid to ease the suffering of these entrepreneurs, UNDP launched Anondomela as a free-of-cost alternative marketplace.

SOURCE: Dhaka Tribune

Image credit: NA

Nestlé has mobilised its brands, supply chain, distribution and retail partners to launch a comprehensive global COVID-19 response.

This is in addition to the company’s initial donation of CHF10 million (US$1.4 million) to the International Federation of the Red Cross (IFRC) and Red Crescent Societies.

SOURCE: The Moodie Davitt Report

Image credit: NA

The COVID-19 crisis has already upended our economy in novel ways, and is poised to accelerate other forces, including automation, that were already reshaping the workforce.

Already, there are indications that this downturn may trigger more fundamental shifts than a normal recession. Some economists estimate that more than 40 percent of recent layoffs could become permanent.

SOURCE: https://www.forbes.com

Image credit: GETTY

Vert LTD is a horticultural company based in Machakos, Kenya that specializes in growing and exporting fresh produce specifically for the European market. The company sells fine vegetables (French beans, snow peas, sugar snaps) to the EU market. In addition, they have started to process mangoes into pulp for national and regional markets since last year.

Jane gives us an update on the current market situation for its fine vegetables.

From a logistical perspective, there is a significant capacity shortfall due to the high number of cancelled flights (passenger flights), while freight costs have increased for the remaining cargo capacity. Only Saudia Charter is taking produce from JKIA to Amsterdam, where shipments are then trucked to various destinations in Europe. Moreover, road transport within the EU (e.g. from Amsterdam to Belgium or Scandinavia) has become more complicated due to the availability of trucks and border controls.

At the market level, Jane noticed a reduction in demand in the EU because her customers in Denmark, Germany and Norway were selling mainly to wholesalers, restaurants and caterers. Only two customers out of the nine continue to buy fresh produce from her. One of them is Starfruit, which supplies Delhaize in Belgium. In this period, the company has an estimated demand of 1.5 tons per day (9 to 10.5 tons/week). This demand has been reduced over the last three weeks to 1.2 tons for 4 to 5 days/week, hence a total of 4.8 to 6 tons/week, i.e. 47% reduction. Moreover, the company will miss out on the run up to Easter, traditionally a period of high demand for Kenya’s fine vegetables for which growers planted several weeks ago.

In terms of employment, the company has a high rate of permanent staff, that is only topped up with casual laborers during peak periods. Jane is reviewing the company’s contingency planning on a weekly basis. This Monday, the company has already had to lay off 7 people, including the newly recruited general manager (who had been working for the company since last summer). About 50% of the permanent staff is encouraged to take paid holidays.

The COVID-19 pandemic, caused by the novel coronavirus, has disrupted almost all global sectors, but none more so than trucking and logistics. E-logistics startup Kobo360 had to go back to the drawing board, according to Obi Ozor, Group CEO and co-founder

SOURCE: African business magazine

“ADM is committed to doing our part not only to keep our colleagues and their families safe, but also to support the hundreds of global communities where we live and work,” said Juan Luciano, chairman and chief executive officer (CEO) of ADM. “We appreciate the hard work of the medical professionals, first responders and government and community leaders on the front line during this difficult time.”

SOURCE: Holly Demaree-Saddler

As the Covid-19 crisis spreads to new epicenters in Europe and the U.S., companies are scrambling to mobilize responses. There are no easy answers, due to the unpredictability of disease dynamics, a lack of relevant prior experience, and the absence of plug-and-play instructions from government or international authorities.

SOURCE: Martin Reeves , Lars Fæste , Cinthia Chen , Philipp Carlsson-Szlezak and Kevin Whitaker