The logistics industry continues to grow with the rising demands for self-service and home delivery of goods. Small businesses are reaping greater rewards via ecommerce platforms that connect them directly with consumers for improved efficiency, reduced costs, higher sales, and greater profits. If a trucking business operates within designated regions or along an established itinerary, it’s called a motor or freight carrier.
Looking for business plan for logistics business in Nigeria? You are at the right place. There are so many reasons as to why a business thrives and succeeds, but it is still based on what a business owner is willing to do for his client. A good business plan helps an owner have a well defined goal of the whole operation. This is; business plan on business opportunity in logistic and clearing, logistics business plan template, what will ensure that your clients will keep coming back for more and not get tired of your services.
Business plan for logistics business in Nigeria
In a professional tone:
Business Proposal for logistics and clearing business in Nigeria.
Dear Sir/Madam,
We are writing to you to introduce our company and seek your support in carrying out our project. The name of our company is LOGISTICS AND CLEARING SERVICES (LACS) LTD. The company is located at Ikotun area of Lagos state Nigeria.
Our company provides logistics services to Petroleum and Chemical industries in Nigeria. Our customers include: Shell Petroleum Development Company (SPDC), Total S.A., Mobil Oil Company (MOC), Chevron Petroleum Development Company (CPD), Agip Oil Company Limited, ConocoPhillips Company Limited, Eni International B. V., Chevron Oil Nigeria Limited, Nigerian National Petroleum Corporation (NNPC), Nigerian Gas Company Limited (NGC), Nigerian LNG Limited, NNPC Retail Limited, etc.
We provide the following services:
1) Trucking Services;
2) Warehousing Services;
3) Crushing & Screening Services;
4) Bulk Storage Services;
5) Road Transportation Services;
6) Air Transport Services;
Logistics business plan template
The logistics industry is one of the most profitable businesses in Nigeria. If you are planning to start a logistics business, you are on the right track.
Logistics is defined as the process of planning and carrying out the movement of goods from their source to their destination.
The demand for logistics services in Nigeria has been increasing over the years, which makes it a good opportunity for you to start your own business.
In this article, we will be sharing with you some tips on how to start a successful logistics business in Nigeria.
First, let’s talk about what makes up a good logistics company:
1) A good warehouse facility: You need a warehouse that can accommodate all your inventory, whether it’s for storage or for shipping purposes. Your warehouse should be located near major highways so that customers can easily access it either by road or by air. 2) Good equipment: The equipment you use should be modern and efficient enough to handle different kinds of packages without causing any damage to them throughout the entire delivery process. 3) Professional staff: You need people who are knowledgeable about how to manage and run a logistics company successfully because they will be responsible for handling all aspects of your business including
We are providing a business plan template for logistics business in Nigeria.
Our business plan is based on the sample business plan of logistics company in Nigeria, which is provided below:
Logistics Business Plan Template for Nigeria Company
SUMMARY OF VISION AND STRATEGY
Vision: To be the leading company in providing Logistics services in Nigeria and other African countries.
Strategy: We will achieve this vision by ensuring our customers are satisfied and by delivering quality services to them. We will also ensure that our employees give their best in order to achieve this goal.
OBJECTIVES AND KEY RESULTS OBJECTIVES:
To increase sales volume by 30% annually over a 5 year period.
To expand the market share of our product range from 35% to 40% during the same period.
KEY RESULTS:
To increase sales volume by 20% annually over a 5 year period through increased market penetration and increased customer retention rate.
Logistics is the management of the flow of products from the point of origin to the point of consumption. Globally, logistics is considered to be a part of supply chain management. In a supply chain, logistics is concerned with planning and carrying out the storage, transport, packaging, and delivery of goods by air or other means.
Logistics is often viewed as a science. It analyzes what items are needed and when they are needed so that they can be acquired and delivered to customers at a cost-effective price. The science of logistics incorporates economic, technological, informational, natural, and financial constraints.Other definitions have been proposed: “Logistics is the art, science and technology of transporting goods and services from source to destination through any number of modes along with related activities such as warehousing including inventory control.”
The field generally involves managing transportation (including ground shipping or air freight), warehousing operations, information systems (including tracking), material handling equipment (forklifts), storage facilities (including refrigeration for perishable goods), packaging materials such as plastics foam sheets etc., product returns processing (for example returns processing in retail stores), customs procedures etc.
Haulage Business
Business Description:
The business plan is a comprehensive document that outlines the company’s vision and aims, its mission statement, its structure and organization, its management team, its financial position, its marketing strategies as well as sales strategies. It also describes the company’s strengths and weaknesses which make it unique to other competitors in the industry. The document is useful for both internal purposes such as planning and decision making as well as external purposes such as attracting investors or lenders.
The business plan should be based on facts rather than feelings or assumptions about what could happen in the future. The plan should be realistic and achievable within a reasonable time frame. It should include details such as sales forecasts, production plans or budgets so that you can see how it will all fit together into a cohesive whole. It should also include an estimate of your total costs associated with running the business so that these costs can be compared against projected revenue figures to determine whether there is sufficient profit margin to sustain your venture over time.
Business Opportunity in Logistics and Clearing
The Logistics and Clearing industry is one of the largest employment sectors in Nigeria. It is strategically positioned to support the growth of other industries such as manufacturing, agriculture, mining and oil and gas.
In Nigeria, there are over 40 logistics companies that are registered with the Securities and Exchange Commission (SEC) with a combined capitalization of about N2.6 billion. The industry generates about N6 billion annually from various activities such as freight forwarding, freight storage and clearing, customs brokerage services among others.
The logistics industry is growing at a very fast pace due to its impact on many industries like manufacturing, agriculture, mining and oil & gas etc., but it has been limited by the lack of proper infrastructure such as roads leading to ports; inadequate warehousing facilities and poor road network within cities. These limitations have hindered the development of this sector which has potentials for growth since it can play an important role in enhancing productivity in other sectors through efficient service delivery system using modern technology which will lead to increased profitability for both local as well as foreign investors who want to venture into this sector
A good business plan should be able to explain the logic behind the proposed venture, and show how it will work. It should include:
A clear statement of the problem or opportunity being addressed.
A description of the product or service you are offering.
An outline of your strategy for delivering this product or service: how will it be priced? What are its key features? Who is going to buy it? Why would they buy it from you rather than anyone else offering a similar product? What are your competitors doing? How does your offering compare with theirs? What evidence can you offer that customers will buy what you’re selling?
A realistic estimate of market size and growth potential for your product or service, including a description of the target market (who will buy what from whom) and how much they will spend over time.
Detailed descriptions of how you plan to reach your target audience: sales channels, marketing strategy, distribution networks etc.