Manufacturing Indaba Reemerges as an In-person Physical Event
Posted on 2022-05-12 10:41:36
The longstanding manufacturing conference and exhibition will be returning to the physical event realm after adopting an exclusively virtual approach over the past 2 years given the impact of the pandemic.
FOR IMMEDIATE RELEASE
Johannesburg, 3 May 2022;
The resurgence of the Manufacturing Indaba
is stirring much anticipation amidst the industrial community both far and wide. The 9th edition of the conference and exhibition will be returning to the physical event realm after adopting an exclusively virtual approach over the past 2 years. The 2022 edition is to be hosted as a physical in-person event from the 21 - 22 June 2022 at the Sandton Convention Centre, Johannesburg, South Africa. Sandton is the economic powerhouse of South Africa and Africa's leading business hub.
Reigniting economic growth through manufacturing
The COVID-19 pandemic has negatively impacted amongst others industry, value chains, trade, labour markets, foreign direct investment, and remittance flows. The outcomes of the pandemic have hindered the economy's ability to increase real incomes in the long term, thereby creating a heavy debt burden. As the health crisis subsides, economic recovery has become a priority, and inclusive and sustainable industrialisation is fundamental to building a better future.
Manufacturing plays an unequaled role in driving economic development, made evident by how industrial growth positively affects the overall GDP and productivity of a nation. A rise in manufacturing output induces production in the manufacturing sector as well as in other sectors through direct production linkages and indirect multiplier effects, hence driving the growth of the economy in its entirety. A resilient manufacturing sector paves the way for a nation to provide a quality standard of living for its citizens and has subsequently become acknowledged as a key accelerator for the continent's robust and inclusive growth.
Further, manufacturing provides multifaceted productive advantages. First, mass production implies economies of scale: The more units produced, the lower the per-unit cost, and thereby increasing the value of outputs per input. Second, manufacturing is inclined to have strong linkages to other economic sectors, creating demand for skills, inputs, manufacturing components, transportation, and storage. Therefore, the reignition of manufacturing boosts reignition across a wider range of activities, including those within the services sector. Third, most innovation and technological advances originate in the manufacturing realm, which then spill over into other industries, consequently enhancing their levels of productivity.
Capitalising on the continent's resources and opportunities presented by significant shifts in the structure of global production ensures the implementation of domestic manufacturing and a commodity-based industrialisation process. This provides immense opportunity for job creation and promotion of inclusive economic transformation across South Africa.
Harnessing Africa's opportunities for industrialisation involves adding value to domestic products, soft and hard commodities and developing forward and backward linkages to the regional and international value chains. Moreover, it remains essential to develop and expand SMEs, industry clusters and the establishment of private-public partnerships to leverage resources for financing the industrialisation process.
Further, implementing the African Continental Free Trade Area Agreement (AfCFTA) can develop regional value chains and accelerate productive transformation if African entities can harness digital innovations to reduce production costs and leaders can create policies for skills development, public procurement, and foreign investment to further reinforce industrial linkages.
As a hallmark for conferences and events similar in nature, the Manufacturing Indaba
empowers African manufacturing participants to enter a new age of innovation, technology, competitiveness, and sustainability. The upcoming in-person symposium is anticipated to make a long lasting and positive impact on manufacturing communities by enabling attendees to identify significant participants, speakers, financiers, influencers, and leaders, thereby giving them the means to not only survive, but thrive in this intensely competitive sector. Attending this event affords participants with superior knowledge to develop advanced solutions and business models, as well as access to new markets, new clients and the opportunity to grow prosperous manufacturing businesses, ultimately contributing to the nation's economic growth.
About the Manufacturing Indaba
activities boost the value generated in an economy by creating activity further along value chains, from raw materials to finished products. African governments have recognised that a resilient manufacturing sector paves the way for a nation to provide a quality standard of living for its citizens.
Supporting the growth of manufacturing in Africa, the 9th edition of the Manufacturing Indaba will be hosted from the 21 - 22 June 2022
at the Sandton Convention Centre.
The Manufacturing Indaba is the business meeting of choice for manufacturers!
FOR MEDIA ENQUIRIES
Issued by: Siyenza Management
For media enquiries contact:
Qondakuhle Dwangu on firstname.lastname@example.org
or 011 463-9184 / 064 118 1232
Website : https://manufacturingindaba.co.za