Africa could lose more than $2.4bn in global industrial supply chain exports due to factory shutdowns in China, the US and Europe, according to a report.
The report, by the International Trade Centre (ITC) and covering the impact of Covid-19 on small business, said these three trading hubs – the G3– were responsible for 63% of world supply chain imports and 64% of supply chain exports. ITC estimates the global disruption of manufacturing inputs will amount to $126bn.
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