The annual Manufacturing Indaba provides a platform for international and local industry players in manufacturing to discuss challenges and to share examples and solutions. Some of the 2017 Manufacturing Indaba conference discussions focused on supporting local industry and creating a demand for local goods, contributing to the manufacturing value chain, skills improvement, and initiatives that can assist in moving Africa towards a more advanced manufacturing industry.
Topics and insights from the previous event forms the foundation of the critical themes for the upcoming 2018 Manufacturing Indaba, which has the overarching event theme of “Manufacturing our Future”. Some key points on the required factors for success and the challenges to overcome, as highlighted at the 2017 conference, include:
FACTORS FOR SUCCESS
- Reinforcing the culture of entrepreneurship and innovation, supported by expertise
- Ongoing risk assessment, understanding the market and adapting to change
- Modern infrastructure: internet, access to new markets, advanced machinery and equipment, specialised and skilled employees
- Progress from a producer of raw materials (the smallest place in the value chain), to include value added activities
- High-impact, low-cost interventions (e.g. Pareto and fishbone analysis)
- Safe, environmentally compliant workplace
- Capable employees with continuously developing skills
- Incentive programmes and policies tailored to support industrial development
- Promoting greater inclusivity, more equitably spread and moving away from false empowerment
- Investing in business with high labour usage to preserve jobs
- Achieving greater coherence in localisation
- Becoming more EFFICIENT and more COMPETITIVE
SOME OF THE CHALLENGES IDENTIFIED
- Global challenges: low demand and investor confidence, lasting impact of 2008 financial crisis, oversupply in some sectors resulting in cut-throat pricing
- Impending uncertainty of the 4th industrial revolution and what impact this will have for manufacturers
- High unemployment rate
- Wages are increasing and productivity is falling
- Low levels of private sector investment due to the period of slow worldwide economic growth
- Domestic market not big enough; we need to be a trading economy. Some import opportunities have closed, but unlike China and India we cannot turn to our local markets
- Electricity costs are increasing above inflation
- Marginal effective tax rate is among the highest for manufacturing
- Skills shortages
- Inefficiencies in roads and infrastructure
Join us at Manufacturing Indaba 2018 to participate in the debate and to learn what
industry specialists say about Manufacturing our Future in Africa.
REGISTER FOR THE 2-DAY CONFERENCE
EXHIBIT AT THE MANUFACTURING INDABA
Visit our new website: www.manufacturingindaba.co.za to learn more about this prestigious event.
Enquiries: info@manufacturingindaba.co.za
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