Meet the Pioneers, Innovators, and Experts in Manufacturing at the 2023 Manufacturing Indaba Conference

The manufacturing industry is poised to come alive once again as the highly-anticipated Manufacturing Indaba 2023 kicks off in Johannesburg this 24 – 26 October 2023. The event promises to bring together the “who’s who” of manufacturing, providing a platform for thought leaders, visionaries, and experts to converge, share insights, and shape the future of the industry.

Get Ready to Meet the Game Changers of Manufacturing – Manufacturing Indaba Exhibition 2023

The manufacturing world is gearing up for the most highly anticipated event of the year, the Manufacturing Indaba Conference & Exhibition 2023. This year’s exhibition promises to be bigger and more dynamic than ever before, featuring a spectacular line-up of exhibitors who are driving innovation, shaping the future, and transforming the manufacturing landscape.

Q3 Absa Manufacturing Survey shows encouraging results, albeit off a low base

As manufacturers head towards their peak sales season in the fourth quarter, their expected production and sales levels as well as their import and export volumes are more optimistic. This builds on positive readings which indicated a jump in exports during the third quarter, including a 3% net majority of manufacturers reporting higher exports relative to the third quarter of 2022. A weaker currency as well as the lower base due to the KZN floods in 2022 may have contributed to these increases in exports.

Load shedding continues to constrain the manufacturing sector

Electricity supply disruptions not only directly weigh on production and capacity, and hurt profitability due to the costs associated with load shedding mitigation measures (such as diesel generators), but also negatively impact sentiment,” said Justin Schmidt, Head of Manufacturing Sector at Absa Relationship Banking. “With confidence levels remaining at the same very low levels seen in the first quarter, the effects of load shedding are visible across manufacturingsubsectors.

Manufacturing Excellence (MeX) 4.0

The manufacturing industry struggles to balance production with demand while maintaining cost efficiency. Globalisation and customer demand heightened competition for cheaper, customised products. Japan’s automotive revolution prompted the development of Lean manufacturing for efficiency and competitiveness against American giants. Yet, implementing Lean manufacturing poses challenges related to information, waste, change management, stakeholder buy-in, and alignment with business strategy. Integrating core processes and support functions is vital for a balanced production environment. Demonstrating the value of a Manufacturing Excellence (ME) programme can be challenging. And although manufacturing leads in digital transformation, a gap remains between factory physics and commercial aspects.

Africa must industrialize: 10 key points that African leaders committed to at the just concluded summit on industrialization and economic diversification

With increasingly growing concern over the slow progress in the implementation of the Industrial Development Decades for Africa (IDDA) I, II and III; the Strategy for the Implementation of the Action Plan for Accelerated Industrial development of Africa (AIDA); and other continental strategies and programmes relevant to industrialization, structural transformation and development towards the achievement of the African Union Agenda 2063, African leaders have committed to far-reaching and firm decisions to accelerate industrialization, economic diversification and trade on the continent, with full ownership by the citizens.

Africa’s Manufacturing Future Starts Here

A thriving young workforce, a resource-rich landscape, and an open-for-business attitude make Africa primed for a manufacturing boom. Much of the continent is focused on utilising sustainable energy sources and holds a unified commitment to policies that are not only favourable for trade and commerce but also vested in the social and economic upliftment of local communities.

Charting a Way Forward for Manufacturers in a Post-pandemic Era

Industrialists are restructuring their businesses to swiftly adapt and remain competitive following COVID-19’s carnage. Manufacturers have always prioritized health and safety measures. However, COVID-19 has highlighted the necessity for superior levels of worker safety. As manufacturers resume production, social distancing in the workplace, hygiene and hand sanitisation will remain mandatory. Further, they will need to optimize movements as well as build limited contact into production processes. Manufacturers need to look at the entire manufacturing process and monitor all possible interactions.