The Productivity Nexus for Retail and F&B, a one-stop center that carter to enterprises boosting productivity while increasing innovation and capturing growth opportunities.
Launches Three Flagship Programmes – Productivity Nexus For Retail And F&B
Targeting a growth of 7.2% in labor productivity in the industry. The growth is to meet the 2020 national level productivity target of RM 92,300 per worker. This was announced earlier during the Official Launching of the Flagship Programmes held at Sunway Putrajaya Hotel, Kuala Lumpur.
The initiatives emphasize the development of a holistic ecosystem in order to increase technology adoption and further strengthen key industry enablers.
Under the leading by highly skilled and specialized individual who is committed to administering the implementation of productivity efforts as governed by the National
Productivity Council (NPC) and aims to forge close partnerships among industry associations and partners to strengthen industry-specific support infrastructure and foster cross-industry collaboration through various industry initiatives.
“By strengthening the Retail and F&B players’ competencies as well as providing necessary assistance throughout this transformative journey, this sector will have the opportunity, backed up by the right skills, to expand internationally,” added Dato’ Bruce.
The flagship programs are divided into three areas; Retail Digitalisation Program, O2O Growth Venture Program, and Top Transformers. Led by the Malaysian E-Commerce Chairman Ganesh Kumar Bangah, the first flagship program centers on guiding and equipping selected brick and mortar retail business owners to understand, adapt and master the online revolution.
This programme aims to attain sustainable growth as well as increase sales by taking their businesses online.
YB Dato’ Sri (Dr) Richard Riot expressed, “The time has come for our labor capital productivity to be further enhanced by embracing of the digital economy ecosystem. These
flagship programmes are all game-changers for the Retail and F&B industry as well as the people of Malaysia. I am truly pleased to see our nation on its way towards fully grasping the
possibilities the economy of the future holds for us.”
Productivity Nexus for the Retail and F&B industry is proudly supported by the Malaysia Productivity Corporation (MPC); Economic Planning Unit (EPU); Prime Minister’s Department; Ministry of Domestic Trade, Co-operatives and Consumerism (KPDNKK); Malaysia External Trade Development Corporation (MATRADE); and Malaysia Digital Economy Corporation (MDEC). This initiative is also slated to receive the support of Human Resource Development Fund (HRDF). Being a privately driven initiative, it is also in collaboration with Bumiputera Retailers
Organization (BRO); Malaysian m Franchise Association (MFA); Malaysia Retail Chain Association (MRCA); and Malaysia Retailers Association (MRA).
Concurrently, K-Pintar has been appointed as the Project Manager and they will be tasked to measure the productivity levels of the participating companies while simultaneously
overseeing the entire project.
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