E-Business
Nigerians Groan as Corporates, Educational Institutions Suffer Global Computer Scarcity
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After enjoying a run of uninterrupted supply of personal computers (PCs), laptops and other digital devices for nearly a quarter of a century, the world is currently in the middle of a major supply chain crisis that has seen global manufacturers struggle to meet growing demand.
The situation is exacerbated by the coronavirus pandemic, a global health challenge that began in late 2019, spreading from Wuhan, China where it originated to virtually all corners of the globe.
With the onset of the pandemic, supply of laptops, PCs and other hardware components had taken a huge bashing.
Global data released two weeks ago shows that most major global computer OEMs are unable to supply five per cent of orders placed and paid for by distributors and this has skyrocketed retail prices of PCs and laptops.
In Africa, and particularly in Nigeria, consumers are paying higher prices to secure few available units in the market. It is speculated that things may not improve until mid-next year.
This is hardly surprising as China, the original epicenter of the pandemic, had for a while now, become the world’s leading manufacturing hub.
Consequently, the lockdowns occasioned by the pandemic had seen a breakdown of China-based global computer supply chains, delaying the arrival of computers and laptops in shops across the world.
Earlier in 2020, specifically in March, a report in the Financial Times indicated that retailers were told that it is taking up to three times as long for PCs and parts to be delivered.
Industry experts said that only those brands able to pay upfront and work closely with component suppliers, such as Apple and Samsung, would be able to secure enough production capacity, as shortages rippled through the supply chain.
“One channel partner in Australia was notified by key manufacturers that shipments can take up to 14 weeks, as opposed to the normal four weeks,” said Sharon Hiu, an analyst covering sales and distribution channels in Asia-Pacific at Canalys, the technology research firm.
“Some channel companies have been given a 10-week estimate, while others have not been able to get a projected time of arrival at all.”
Indeed, no major OEM was left out.
Research showed that shipment times for Dell computers to Australia were extended from the usual three to five weeks to 10 weeks.
Notebooks and desktop computers of HP’s Elite series had run out of stock in some shops.
In Nigeria, Zinox, a local computer manufacturer and one of Sub-Saharan Africa’s major players, was experiencing delays of up to nine weeks in taking delivery of essential hardware and other components.
With the gradual lifting of the lockdowns in many parts of the world around May, many heaved a sigh of relief as factories began reopening in China and other countries.
However, supply chain experts had warned back then that the effects of the shutdown will linger because the disruption had resulted in shortages of components which only gradually become visible.
Currently, that prognosis is proving to be true.
In addition to fears of a predicted second wave of COVID-19, many global manufacturers are battling to meet five per cent of demands for PCs and laptops.
The foregoing has seen estimates for PC shipments this year revised to reflect the current state of scarcity.
Tech experts expect global PC shipments this year to drop by over 34 per cent in a best-case scenario and 45 per cent in a worst-case scenario.
Why is the global demand for PCs and laptops overshooting supply so much even in the tail-end of 2020?
The reason is hardly far-fetched. Apart from the lingering disruption of supply chains occasioned by the lockdowns, the world has also seen a rise in the adoption of virtual learning or at-home schooling by educational institutions.
Also, many corporate organizations have also embraced virtual work or meetings, encouraging more staff and business partners to leverage tech tools to navigate the current health challenge.
The foregoing scenarios have seen demands for PCs and laptops sky-rocket across the globe.
Further, it has pushed the personal-computer market to its strongest demand growth in more than a decade, according to third-party analyses released by Gartner and IDC in late October.
However, OEMS are unable to mop up the demand which is expected to see scarcity carry on into the latter part of 2021.
“Consumer demand and institutional demand approached record levels in some cases,” disclosed Jitesh Ubrani, a research manager for IDC. “Gaming, Chromebooks, and in some cases cellular-enabled notebooks were all bright spots during the quarter.”
The report also pointed to a paucity of supplies to continue feeding the increased demand for PCs, with panels and processors mentioned as especially in demand.
“The PC industry rode into the third quarter with a sizeable backlog of unfulfilled orders.
“And it appears the quarter will end under the same auspices,” Linn Huang of IDC said in a statement.
“Given that the shortages have been due more to a shortfall of business planning than a technical glitch, we do not anticipate a sudden surge in capacity. Consequently, this backlog will likely carry into 2021.”
Both companies reported that Lenovo Group Ltd. 992, +0.74% had the strongest market share among PC manufacturers in the quarter, topping HP Inc. HPQ, +0.62%, but the Chromebook discrepancy showed up in those numbers as well.
Gartner credited Lenovo with 25.7% of the market and HP 21.6%, but HP’s Chromebook sales made the race much tighter — 23.7% to 23% — in IDC’s results.
Both companies had Dell Technologies Inc. DELL, +0.12% third in the market-share rankings, followed by Apple Inc. AAPL, -0.11% and Acer Inc.
In Nigeria, Africa’s biggest market, many corporates and educational institutions are technically in trouble as the scarcity is taking a huge toll on their budget.
As one technology enthusiast said in a virtual conference last week, “in the 21st century, when you wake up late, you definitely shall pay the price for lateness.’’
However, it remains to be seen how the world will cope in the face of a supply challenge that experts predict will last till June 2021.
E-Business
NAICOM Urges Nigerian Insurers to Develop Cyber Insurance Products
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National Insurance Commission (NAICOM) has urged Nigerian insurance companies to develop and introduce cyber insurance products.
This is in response to the escalating digital risks accompanying global digitalization.
This initiative aims to provide coverage against cyber threats and data breaches, ensuring that businesses and individuals are protected in the evolving digital landscape.
To facilitate this development, NAICOM is collaborating with the National Information Technology Development Agency (NITDA) and the Nigeria Data Protection Commission (NDPC).
This partnership seeks to promote cyber insurance and ensure compliance with Nigeria’s Data Protection Regulations, emphasising the importance of data protection training for industry practitioners.
Despite the growing threat of cybercrime, cyber insurance remains underutilised in Nigeria. Industry reports indicate that many businesses and individuals overlook the importance of cyber insurance, even as global cybercrime losses are projected to reach $10.5 trillion by 2025.
NAICOM’s directive underscores the need for the insurance industry to adapt to the digital era by offering products that address contemporary risks, thereby enhancing the resilience of Nigeria’s digital economy.
E-Business
Google Increases Price of Google One Subscription in Nigeria
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Google has increased the price of its Google One subscription in Nigeria.
The tech giant, in a note to its customers, said, “Price will automatically increase to N1,900/month on 28 Mar 2025 for your Google One subscription. Cancel at any time in Google Play.”
The old price was N1,200. Google One, a cloud storage service offered by Google LLC, provides users with a centralised platform to manage their storage across Google Drive, Gmail, and Google Photos.
It added that subscribers who do not cancel their subscription will be charged automatically on the payment method they provided.
E-Business
We Are Bringing the Change in Technology Distribution – Chioma Ekeh, TD Africa MD
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In the world of technology and entrepreneurship, few names resonate as powerfully as Mrs. Chioma Ekeh, CEO of TD Africa, Africa’s leading technology distribution powerhouse.
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Mrs. Chioma Ekeh, CEO of TD Africa
A media-reclusive entrepreneur and quiet achiever, she has made a name for herself not with loud proclamations but through consistent actions that have shaped the trajectory of the continent’s digital economy.
She has steered the company to unprecedented heights, forging strategic partnerships with global giants such as HP, Microsoft, Apple, Starlink, IBM, Dell Technologies, Ring (by Amazon), Cisco, Lenovo, APC by Schneider Electric, Samsung, Bosch, Philips, Logitech, and Vivo.
These collaborations have not only strengthened TD Africa’s position as a market leader but have also contributed to the growth of Africa’s tech ecosystem.
At the recently held Accra Synergy Summit, a high-profile event held in Ghana that brought together top strategic partners and Original Equipment Manufacturers (OEMs), Mrs Ekeh made a bold declaration: “We are no longer waiting for change — we are driving it. We are no longer spectators in the digital revolution — we are architects, engineers, and visionaries shaping the future.” This statement, emblematic of her visionary leadership, underscores her commitment to driving Africa’s tech renaissance.
Ekeh’s words are not mere rhetoric; they are backed by tangible achievements and a deep understanding of Africa’s digital potential. The data speaks for itself.
According to the International Finance Corporation (IFC), Africa’s digital economy is on track to reach $180 billion this year, with projections indicating it will soar to an astonishing $712 billion by 2050.
This growth is not just an increase in numbers — it signifies a paradigm shift in how Africa engages with technology and innovation.
With over 570 million internet users today, Africa is undergoing an unprecedented digital awakening, a number expected to double by 2030 according to the World Bank.
From financial inclusion to business automation, Africa is embracing the digital age at an accelerated pace, with 70% of global mobile money transactions already occurring in sub-Saharan Africa.
This widespread adoption is a testament to the ingenuity and resilience of African entrepreneurs and businesses.
The continent’s tech ecosystem is also attracting significant global attention. In 2022 alone, African tech startups secured over $6.5 billion in investments, a clear testament to the world’s belief in Africa’s digital future.
Ekeh’s message is clear: Africa’s future is bright but requires collective effort.
Rapid transformation does not happen in a vacuum. It is built on strategic collaborations and forward-thinking leadership.
According to Ekeh, “This renaissance is not happening in isolation. It is built on the foundation of strong partnerships. It is fuelled by collaboration — between businesses, governments, and technology enablers like TD Africa. Each of us has a role to play in ensuring that Africa doesn’t just adopt technology but creates, innovates, and leads.”
Her words serve as a rallying cry for businesses, governments, and individuals to strengthen partnerships, increase investments, and take bold steps toward excellence. “Africa is no longer just a consumer of technology. Africa is a builder. Africa is no longer following global trends. Africa is setting them. Africa is no longer waiting for the future. Africa is the future,” she concluded.
Chioma Ekeh’s leadership and vision are a testament to what can be achieved when passion, innovation, and collaboration come together.
As Africa continues its journey toward a tech-driven future, her words and actions remind us that the power to shape tomorrow lies in our hands today.
TD Africa has remained at the forefront of Africa’s tech revolution as the market leader in technology distribution.
Under Ekeh’s leadership, the company has not only expanded its portfolio of global partners but has also facilitated the seamless deployment of innovative tech solutions across various sectors.
By empowering businesses with cutting-edge technology, TD Africa is laying the groundwork for an Africa that does not just consume technology but pioneers it.
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