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Manufacturing
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Businesses, rethinking and reconfiguring their supply chains, provides momentum for localisation efforts.
New strategies for the new normal The COVID-19 global crisis continues to disrupt manufacturing and global supply chains. How can companies operating in the MENA region prepare for the rebound and increase the resilience in their manufacturing and supply systems? Here are a few ways that companies can try to adapt to, to ensure long-term success.
There’s a need to orient the design of global value chains towards riskcompetitiveness rather than optimising only for cost-competitiveness.
MID COVID-19 OUTBREAK, governments and industries need to find new approaches, share knowledge and work together as never before to ensure manufacturing business continuity, protect employees and shore up supply systems for the future, reveals a new report of the World Economic Forum. The report, titled “Rebounding from COVID‐19: MENA perspectives on resilience in manufacturing and supply systems”, has outlined the three major initiatives of the regional governments and private sector is focusing on. While pointing out that the COVID19 is proving to be an accelerator of vital imperatives for business, it underlined the
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Technical Review Middle East - Issue Four 2020
need to orient the design of global value chains towards riskcompetitiveness rather than optimising only for cost competitiveness.
Localisation efforts Governments across the region have formulated ambitious programmes to transform their economies away from the reliance on hydrocarbons. At the heart of many of these initiatives is the intent to localise entire industrial sectors to create new jobs, introduce emerging technologies and build a thriving future economy. Much progress has been made in incumbent industries such as oil and gas, which has for several years engaged in
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