Re-Engineering Manufacturing for the New Norm

On Wednesday, the Malta Chamber, active member within Enterprise Europe Network which brings together 600 business organisations from across 65 countries; kickstarted a virtual event bringing together manufacturing, retail and technology companies with corporate service providers, public bodies and academia to learn, meet and engage in the current economic recovery phase.

Within the strong line up of speakers, Mr. Norman Aquilina, CEO, Farsons Group and Malta Chamber Board of Management member, weighed in on the future of sustainable manufacturing. Mr Aquilina started off by noting that sustainable manufacturing must ensure that business models should not only feature environmentally friendly and socially responsible practices but must also be supported by economically sound practices.

Mr Aquilina elaborated on the concept of a triple bottom line approach, including Financial – Environment – Community. With this in mind, he shared practical and tangible examples on how businesses can embrace the competitive challenge by restructuring their business models to incorporate elements of innovation, a strong investment plan and smart upskilling of workforce.

Aquilina emphasised that adopting such practices are fruitful in terms of building long-term business visibility, strengthening corporate reputation and promoting circularity, three very important factors in todays ever so competitive business environment.

Close to 200 business representatives from over 20 countries have so far registered a profile in the virtual platform published by the Malta Chamber in February.

The learning and engaging platform is focused on realigning Manufacturing business activity, restructure operations, optimising the use of technology and identifying new markets internationally which embrace sustainable practices.

More companies are expected to register in the coming days, particularly Retail operators, whose focus will take place during the second part of the event on the 28th and 29th April.