UPDATE

MIDA’S National Supply Chain Conference Connects 1,000 MNCs & SMEs

Creating Opportunities & Building Sustainable Linkages in Catalytic Areas

30 October 2017, Kuala Lumpur – The previous supply chain conferences organised by the Malaysian Investment Development Authority (MIDA) have gained momentum, culminating in the grand National Supply Chain Conference held at the Shangri-La Hotel today. The event attracted an overwhelming response of more than 1,000 participants, consisting of multinational companies (MNCs) and local companies including small & medium enterprises (SMEs). The one day conference, which was graced by YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry (MITI), featured concurrent discussions on catalytic areas namely Life Sciences & Medical Technology, Machinery, Halal Industry and Industry 4.0 – Trends & Opportunities.

During his keynote address, YB MITI Minister said, “When we first held this Supply Chain conference series in December last year, I challenged MIDA to take it all around the different regions of Malaysia and I am proud that they have successfully done so. Congratulations MIDA for undertaking this task of connecting MNCs and SMEs in the east coast, northern, southern regions of Malaysia and after this, in East Malaysia. Each of these events was attended by more than 400 participants and these have so far created 171 potential business linkages covering both the manufacturing and services sectors i.e. 87% of the total business matching meetings that was arranged. I trust that these strategic platforms will continue to benefit many more MNCs, SMEs and other local companies.”

“As we continue to work hard to sustain our competitiveness, it is of paramount importance for the local industry players, particularly the SMEs to step up their game. I would like to encourage our local companies & SMEs to explore every possible opportunity to engage with MNCs. In the same manner, I also urge MNCs and industry players to leverage on this expanding local supply chain and create greater spill over benefits for your operations as well as the local business community. Connectivity is two ways. As the government put in place our initiatives through various plans and strategies, we urge industry players to meet us half way in our drive to create strong, inclusive, sustainable and resilient economic growth for Malaysia,” YB Dato’ Sri Mustapa added.

Also present was Dato’ Azman Mahmud, Chief Executive Officer of the MIDA. In his welcoming remarks, Dato’ Azman highlighted that the supply chain series has been a good platform for local players to network, share insights and build up their capacities by integrating themselves into the MNC’s supply chain. “The scope of collaborations and outsourcing activities covers supply of parts/components/raw materials, logistic, warehousing and shipping services, engineering related services, packaging services; IT related services, maintenance services and supply of machinery & equipment. In fact, this has led to the exchange of Memorandums of Understanding (MoUs) today between the local players and anchor companies that have finalised their potential business linkages,” said the MIDA CEO.

The exchanges of MoUs involved Penang Automotive Cluster, Mercury Precision Components, Hock Teng Engineering Works, Allstar Manufacturing, ViTrox Technologies and Nationgate Solution. These collaborations are expected to contribute to the development of Industry 4.0 and smart manufacturing in Malaysia through the sharing of information, ideas, best practices and benchmarking information knowledge among others. Notably, the collaboration between ViTrox with Nationgate is expected to achieve at least 30% down time improvement through the adoption of V-One Smart Manufacturing Platform.

The National Supply Chain Conference featured four concurrent panel discussions with the topics Creating a ‘HEALTHY’ Ecosystem, Preparing the Industry for the Disruptive Technologies, Fostering the Development of a Competitive Supply Chain in the Manufacturing Sector and Strengthening Presence in the Global Halal Supply Chain. The key speakers include experts from ABB Malaysia, MDT Group, Tapio Management Advisory, Penang Skills Development Center, KPJ Healthcare, KLS Martin Group, Pharmaniaga, Fusionex International, Greatech, and Halal Media Japan Co.


For more information, please contact:

En. Ahmad Tajudin Omar

Director, Domestic Investment Division, MIDA

Tel.: 03-2267 3627 | Email: tajudin@mida.gov.my

ABOUT MIDA

MIDA is the government's principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 23 overseas offices. This year as the organisation celebrates its 50th anniversary, MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era.

Posted on : 30 October 2017
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Last Updated : Wednesday 21st February 2018