What is Logistics Managers Index (LMI)
Supply chain managers need good data and information to ensure that vital goods are in stock. To support these decision-makers, CARISCA created the Logistics Managers Index (LMI) for Ghana. CARISCA released its first LMI report in June 2022. The calculated LMI for Ghana, along with the accompanying analysis of its components, provide useful insights for the government of Ghana, business decision-makers, market analysts, and investors, as it offers a predictive indicator of overall economic activity in Ghana.
Ghana Logistics Managers Index
The Ghana LMI is the first of its kind in Africa, and a significant step toward supply chain efficiency, visibility and transparency in Ghana.
Ghana’s third Logistics Managers Index shows contraction in inventory levels
Key findings from the third LMI report include:
- For the first time since the quarterly LMI survey began in early 2022, one of the eight logistics metrics studied (inventory levels) scored below the threshold value of 50%, which could signal a possible recession.
- Both warehouse capacity and utilization in the third quarter of 2022 hit all-time lows for the year.
- The two metrics that show stronger growth than in the previous quarter are both cost-related: inventory costs and transportation prices.
- The use of electronic payment systems grew much slower than had been predicted the previous quarter.
- Despite the third-quarter results, logistics managers expressed optimism for improved growth in the fourth quarter.
The LMI report will be available quarterly. Senior executives and managers of Ghanaian organisations are invited to participate in the quarterly LMI surveys.