Axia locks in inventory ahead of peak trading season

Axia Corporation is building unusually large inventory buffers ahead of the November-December peak trading season as delays at ports expose the Zimbabwean retailer and distributor to renewed supply-chain disruptions.

The firm’s chief executive officer, Ray Rambanapasi said the group was holding more stock than its normal two-month cover after container delays disrupted the flow of imported goods, forcing the company to plan further ahead to protect sales during its busiest period.

“There are delays in the export port because the volumes of containers that are coming in are a result of the supply chain disruption,” Rambanapasi said on the sidelines of Axia’s analyst briefing.

This story is for NewsDay subscribers.