Keeping pace with emerging new technologies in SCM

Industry players in Penang must keep pace with emerging new technologies that have impact on supply chain management (SCM) if they are to stay ahead in the highly competitive global market.

WOU Pro-Chancellor Tan Sri Dr Koh Tsu Koon made this point, when recounting, how during his tenure as the Chief Minister of Penang, logistics and supply chain were the most important elements in his administration’s promotion of industrial growth in the state.

TWO-DAY ROUNDTABLE ON SUPPLY CHAIN MANAGEMENT HELD AT THE WOU MAIN CAMPUS.

He shared his experience of pushing the federal government for infrastructure facilities like the new container port and new air cargo and freight forwarders’ complex, to facilitate logistics and movement of goods.

He also recounted efforts in building a strong supplier base in Penang through the Global Supplier Programme of Penang Skills Development Centre (PSDC) for small and medium enterprises (SMEs) to upgrade their technologies and expand networking to support the expanding industrial sector.

As an example, he highlighted how his administration managed to get the US-based tech corporation Dell Inc to be based in Penang in the early 1990s in competition to Singapore, and on overcoming certain logistics and costs issues to maintain Dell in Penang, thus ensuring business for local SMEs.

DR KOH WITH PROF HO (CENTRE) AND WOU SDN BHD CHAIRMAN DATO’ SERI STEPHEN YEAP.

He said the Dell experience showed that situations can change very fast, adding, “If we don’t keep running, we are going to be left behind.”  

He said a lot of work is needed to help SMEs stay competitive. “Everyone has got a barrier in terms of how to adopt the latest technology. However, though good for higher productivity and quality, emerging technologies are extremely disruptive to SMEs and to the whole economy in terms of labour supply, the skill sets needed, etc.”

“That is why it is very important to continuously have this dialogue to figure out what to do collectively,” he said when opening the Roundtable on ‘Emerging trends of technologies in SCM’ at the WOU main campus today.

DR KOH HIGHLIGHTS THE IMPORTANCE OF KEEPING PACE WITH EMERGING TECHNOLOGIES.

He also emphasised that it is crucial for educational institutions to produce people that are knowledgeable and yet flexible enough and willing to continue to learn, “or else we risk losing jobs to Vietnam and even Myanmar”.  He called for strategising and close collaboration amongst our local captains of industry and those in logistics and higher education to better position Penang.

“We must collaborate to make effective use of emerging new technologies. We must be one step ahead of the changing market conditions and more importantly we must produce the right type of manpower that can handle the challenges and changes of the future,” stressed Dr Koh.

PROF HO ELABORATES ON THE FOURTH INDUSTRIAL REVOLUTION.

Earlier, Vice Chancellor Prof Dato’ Dr Ho Sinn Chye noted that things happen fast under the present fourth industrial revolution, or Industry 4.0 environment. He said industry 4.0 has disruptive impacts, but also offers opportunities for industries to create jobs and for universities to produce graduates that are employable.

“Industry 4 is touted as job killers as well as job creators,” he stated, adding that some current jobs will disappear to be replaced with new ones. He said those in white collar and administration will feel the stress of this disruption, while computing, engineering, programming, and mathematics will gain more importance.

EDUCATIONAL INSTITUTIONS MUST PRODUCE THE RIGHT KIND OF GRADUATES, SAYS PROF HO.

 “Between these two extremes, the educational institutions must transform themselves to become industrial age universities and try to produce the kind of graduates that will meet the demand of industry 4.0 companies.”  He declared that WOU will continue to play this crucial role.

The two-day roundtable organised by WOU in collaboration with the PSDC was attended by some 50 industry experts and SCM practitioners – including LF Logistics, Celestica, NSW Automation and Intel – to review emerging SCM trends and technologies.  

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp

Post a comment

Your email address will not be published.

On Key

Related Posts

Natasha Goh
Posted by Natasha Goh
May 17, 2022

Develop your Personal Branding for Greater Reach on LinkedIn

You should know your Social Selling Index (SSI)...

Read More
admin@wou
Posted by admin@wou
May 10, 2022

VC: Make Lifelong Connections at University

Making lifelong friendships and lifelong networks are very...

Read More
admin@wou
Posted by admin@wou
May 9, 2022

WOU Donates Computers to Phor Tay High School for Education

WOU donated 10 refurbished desktop computers to Phor...

Read More
Natasha Goh
Posted by Natasha Goh
May 5, 2022

Making Meaningful Connections: Foundation of Successful Sales

Understanding what is important for your clientele and...

Read More
Natasha Goh
Posted by Natasha Goh
April 25, 2022

Increase your market value as a Certified Project Manager

Employers around the world are looking for certified...

Read More
Natasha Goh
Posted by Natasha Goh
April 14, 2022

Achieve Your Web Developer Dream with a WOU Degree

Web development is an important facet of any...

Read More
Natasha Goh
Posted by Natasha Goh
April 11, 2022

Education is Key to Understand and Support People with HIV/AIDS

Inadequate knowledge and awareness of HIV/AIDS is an...

Read More
Natasha Goh
Posted by Natasha Goh
April 11, 2022

Applying Literature to Engage Learners with Creative Activities

For students to be motivated to participate in...

Read More
admin@wou
Posted by admin@wou
April 11, 2022

Becoming a Sought-after Technical Expert, after WOU

The technical skills and qualifications derived from WOU’s...

Read More
admin@wou
Posted by admin@wou
April 8, 2022
Natasha Goh
Posted by Natasha Goh
March 24, 2022

Understanding Children with Learning Disability in Mathematics

Dyscalculia is not as well-known as dyslexia, and...

Read More
admin@wou
Posted by admin@wou
March 23, 2022

People Can Overcome Depression to Lead Impactful Lives, Says Psychologist

People can battle depression and lead successful and...

Read More
We use cookies to give you the best experience.