Ministry of International Trade and Industry (MITI) in collaboration with the US-ASEAN Business Council (USABC) organised a workshop themed ‘The Potential of Industry 4.0 for Malaysian SMEs’ today at MITI Tower. More than 250 owners and executives of Malaysian Small and Medium Enteprises (SMEs) from Kuala Lumpur and surrounding cities participated in the one-day workshop. The objective of the workshop was to provide a platform for SMEs to learn and understand the benefits and opportunities of Industry 4.0.
The workshop demonstrated the commitment of US multinational corporations in supporting the Malaysia National Policy on Industry 4.0 or more widely known as Industry4WRD, especially in strengthening SMEs and driving their digital transformation.
During the workshop, USABC members namely Cisco, Visa, Mastercard, Procter & Gamble and Google shared their expertise on promoting greater economic inclusivity and utilisation of digital tools to the SME participants. The speakers explored various topics including benefits of digital transformation, digital payment systems, supply chain digitalisation and digital marketing strategies.
In his opening remarks, the MITI Minister, Datuk Darell Leiking encouraged more collaboration between international cooperation and local SMEs to maximize the potential of Industry 4.0 and called upon SMEs to embrace new technologies and develop strategies that will enable them to transform and continuously remain competitive. To this end, this workshop was organised as the catalyst to drive broader areas of collaboration among stakeholders for digital transformation in Malaysia.