The Manufacturing Indaba 2019 is set to explore the impact on, and opportunities associated with disruptive and revolutionary technologies that are transforming the global manufacturing sector.
The annual Manufacturing Indaba will be hosted at Sandton Convention Centre, Johannesburg from the 25 – 26 June 2019.
The two-day event has shown impressive growth year on year and has proved its value in catalyzing business connections and helping manufacturers to innovate and grow their potential. The event is hosted in partnership with the South African Department of Trade & Industry (the dti), the Department of Science & Technology and the Manufacturing Circle, representing the private sector.
The aim of the annual Manufacturing Indaba and its provincial roadshows is to bring together manufacturers, industry leaders, government officials, capital providers and professional experts to explore opportunities and grow their manufacturing operations.
It is designed specifically for private and public company representatives to hear from industry experts as they unpack challenges and find solutions for growth across the manufacturing sectors and explore regional trade into Africa.
Furthermore, it aims to acquaint Africa’s promising manufacturing sector to the revolutionary Industry 4.0 and its related principles.
The event will enable attendees to get a taste of the exciting developments in this arena by connecting trade visitors with influential speakers who have expert knowledge on this subject matter.
Participants within the sector will discover how to effectively apply these ground-breaking techniques to their industrial facilities, allowing them the opportunity to increase profitability and place themselves in prime position to secure other competitive advantages made available through the implementation of these techniques.
The Manufacturing Indaba 2019 also intends to explore how governments should extend their investment beyond infrastructure and into the education and upskilling of Africa’s youth and existing workforces so that they are empowered to utilise digital capabilities to the continent’s benefit.
Routine task jobs previously performed by semi-skilled and unskilled workers are being replaced by the power and intellectual capacity of computers.
This has consequently caused concern for the job security of these workers, who must either acclimatise to these new jobs or be admitted to other positions or sectors.
To reconcile this unease, it is critical that the governments and private sector jointly action steps with businesses and industries to revise the core training of employees by up-skilling and re-skilling the African workforce to keep abreast of these developments.
In addition, Industry 4.0 and IoT initiatives are set to empower rural and small business owners in Africa, whereby advanced data analytics available to them on their smartphones can promote greater collaboration among stakeholders along the entire value chain.
Furthermore, access to connectivity and this form of enterprise software development, will support their daily operations through acceptance of digital payments and gaining insights into their customers so they can develop relevant marketing strategies in accordance with data collected. This essentially places them on a more level playing field to larger, more established businesses with the capital to access this data via costly in-house teams of software developers. In addition, it enables small business owners the opportunity to apply for bank loans, as they have irrefutable evidence (data) of their revenue and cash flow statistics.
These radical transformations in the African manufacturing space will be assimilated into the entire supply chain, thereby optimising processes and activities, and ultimately promoting efficiency and innovation for years to come. By successfully integrating Industry 4.0 and IoT into their systems, existing and prospective industry players can expect to reap even greater revenue and profit from their investment.
However, capitalising on these opportunities necessitates that policymakers take heed of the multitude of obstacles confronting the continent with regards to the revolution at hand.
The ultimate concern is how African manufacturers can capitalise on Industry 4.0 whilst simultaneously mitigating the accompanying risks. It stands to reason that the continent should embrace digitalisation by managing the associated challenges with relevant solutions provided by the technology available.