Jul

SA needs to become a service economy says expert

2016-07-20 14:45
Professor Nick Binedell, opening keynote speaker at the recent 38th Annual SAPICS Conference for supply chain professionals.

“South Africa needs to become a hub of service, production and capability and the only way we’re going to get there is when everybody does their part. South Africa is not a mining economy anymore. We need to become a service economy.”

So said Professor Nick Binedell from the Gordon Business Institute of Business Science in his opening keynote address at the recent 38th Annual SAPICS Conference and Exhibition for supply chain professionals.

The conference coincided with the 50th anniversary of the organisation and was officially opened by Mungo Park, president of SAPICS who aptly noted how supply chain management has evolved over the years. “In its early days, only a few knew about supply chain and logistics. Now, however, it is a much sought-after profession.”

In his address, Binedell encouraged attendees to “share what you know” stating that the top business challenges that can be solved by supply chain professionals are innovation and inclusivity.

Generations that will replace the current workforce are, according to Binedell, hungry for knowledge. “These generations are much more comfortable with using and developing the technologies that will drive our future but they need the guidance and experience of previous generations to gain the insights necessary for successful change.”

He said that innovation starts with thinking deeply on what bits of process attract value and at what cost. “Innovation is also often dependent on how well a company and its workforce are able to unlearn. The way we got to where we are is not the way we’re going to get to where we are going. South Africans need to understand that where you are geographically is much less important,” warned Binedell.

“Africa is our great opportunity and South Africa has every long term reason to succeed. Supply chain management occupies the centre stage of national competitiveness and will do so even more in the next decade or so.”

“The challenge we all face is that the rate of change is accelerating, often not in our direct control but with major consequences for our businesses. Global and local challenges are at the heart of competitive strategy and all institutions are being forced to confront them in an increasingly efficient and innovative way. The supply chain industry is at the centre of operations in most industry value chains and therefore has a vital role to play.”

The 38th Annual Conference and Exhibition was held in June 2016 at Sun City. A selection of speakers from the conference will present their topics at regional events scheduled for 16 August in Gauteng, 17 August in KwaZulu Natal, and 19 August in the Western Cape.

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