Nigeria’s logistics industry is bleeding money silently and most people don’t even notice it. Research shows the industry loses 1.3 trillion naira ever year on empty backhauling.
Come with me....
Lastly:
Many people see trucks moving and assume the business is booming.
In logistics, movement doesn’t always mean profitability.
Sometimes the busiest companies are the ones bleeding money quietly.
End.
Let's talk about things that quietly destroy a logistics company’s profit margin in Nigeria.
A thread. 🧵
Most people think logistics companies lose money only when trucks break down.
Wrong.
Cc: @Wizarab10@arojinle1@PoojaMedia
Underpricing jobs just to get customers.
This is very common.
Some companies price jobs without properly calculating:
Diesel
Maintenance
Tolls
Driver cost
Empty return risk