00:00There's been disruption in the smartphone industry because of chips prices that's massively increased over the past few months.
00:05So we see that there's been some suppliers running out of stocks.
00:11Brands had to increase the prices.
00:12We see about 20% price increase in the lower end smartphones between end of last year and today.
00:18But we see that as temporary reorganization of the supply chains.
00:23So probably entry-level smartphones will be more expensive for the long run.
00:27But for us as a distributor, it's not a game changer.
00:31What's important is that the short-term disruption on the market will go away, will vanish within weeks or a
00:38few months.
00:39So that's how we see it on the supply side.
00:41And then there's, well, the whole situation in the Middle East that's mostly having impact on fuel prices in our
00:47case.
00:48And that inevitably will drive up local logistics prices.
00:53We don't know yet by how much.
00:54We don't know yet for how long.
00:56It's anyone's guess.
00:57If you know, please tell me.
01:00But, yeah, those are the main headwinds we're seeing right now.
01:04But most importantly, I mean, we see that as temporary.
01:07It does not question the whole opportunity, right?
01:10It's not a long-term challenge.
01:13The opportunity is intact.
01:14We deeply believe in the potential for Jumia and e-commerce in Africa.
01:17And we have not changed our profitability targets.
01:20So, let's go ahead.
01:20Let's go ahead.
01:21Okay.
01:22Let's go ahead.
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