Tag: manufacturing

Global disruptions have resulted in manufacturers needing to pivot to meet the needs of the new digital consumer. But given the worldwide semiconductor chip shortages, challenges in distributing automotive parts, and other supply chain issues, many manufacturers have struggled to make the transition.

COVID-19’s devastating grip on economies may be dominating headlines but in many parts of the world – specifically South Africa – chronic unemployment is arguably, the more debilitating 'pandemic'. With the world record for the highest unemployment rate, close to half our population (44.4%) who are eligible to work, remain unemployed.

The journey to reaching digital resiliency: pursuing digital transformation initiatives to thrive despite the ongoing pandemic challenges. The COVID-19 pandemic has shaken the manufacturing and distribution industry profoundly.

The COVID-19 pandemic has brought on massive changes to the manufacturing industry, which has had to adapt to new operating models, an evolving consumer market, and disruptions in supply chain processes, all while keeping the workforce safe and healthy.

The global coronavirus pandemic has impacted the supply chain industry in several ways, many that will change it forever. It has been a year of complete and comprehensive change. The 2020 pandemic has altered the way people work and live. It has changed the ways in which different sectors approach business and growth.

On Tuesday Stats SA announced that SA’s GDP had contracted 51% between April and June (using annualised quarter on quarter numbers – in other words, this is a 17% decrease for the quarter) as a result of the lockdown imposed in response to Covid-19. The contraction was shocking – but not unexpected. Given that government took the decision to implement one of the harshest and longest lockdowns globally, the severity of the economic contraction should not come as a surprise.  

Many people re-discovered their enthusiasm for local production during the disruptive, bewildering early days of the pandemic. The result is 'localisation', an emerging global trend that could revitalise local factories. If we respond quickly and wisely, there are three obvious benefits: economic resilience, more balanced trade, and greater fixed investment.

The outcomes-based approach of King IV is a timely invitation for corporate South Africa to get better at managing risk in a world that is...

An anticipated increase in demand for goods and services within Africa has the potential to give innovative companies with turnovers of between R300 million...

Tourism is one of the best performing sectors in South Africa’s economy with its strong competitive advantage, the favourable exchange rate and the global growth...