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Factory of the Year competition postponed

30th August 2021

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

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Owing to the tumultuous economic environment and the continued health considerations brought on by the pandemic, management consulting firm Kearney has decided to postpone the 2021 Factory of the Year competition, which takes place during the Manufacturing Indaba.

The 2021 Manufacturing Indaba will follow in the footsteps of last year’s conference and once again be held as a virtual conference, in November.

This option afforded the indaba greater accessibility than ever before and attracted record numbers of participants, Kearney notes.

“The decision to postpone the Factory of the Year competition was taken after much deliberation, with cognisance of the impact on those manufacturers who have already shown interest from previous years and those keen to benefit from Kearney’s assessments and feedback.

“The competition will resume as soon as safely possible,” assures Kearney manager Frances Phillips.

Forward-thinking manufacturers have unlocked higher gears of rigour and have expanded their strategic focus beyond the myopic models of yesteryear which were primarily oriented around cost-competitiveness, Kearney states.

It notes that this new way of thinking encompasses what some experts have referred to as risk-competitiveness – in which manufacturers work alongside national governments to build resilience and weather any future shocks.   

In recognising the need for manufacturers to build new strategies that will ensure business continuity and limit the impact on industry, society, and the economy as a whole, Kearney in collaboration with the World Economic Forum, engaged with more than 400 senior operations and supply chain executives to distil best practice responses to assist manufacturing firms to fortify resilience and protect employees.

“Agility and strategic rigour have seen the manufacturing sector survive and manufacturers have built a level of stability into our supply chains against all odds.

“We encourage all manufacturers interested in participating in the competition to be on the lookout for further announcements of the competition dates and look forward to awarding and celebrating with all future winners of the competition in person,” says Phillips.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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