Webinar on Business Resiliency Is No Longer Optional

MISIF and Epicor Software (M) Sdn Bhd (affiliate member of MISIF) had jointly organized an online webinar on “Business Resiliency Is No Longer Optional” on 22 April 2021 via online Zoom.

The webinar session was conducted by Mr. Andy Reid, Director of Product Marketing, International, Epicor Software. In his presentation, Mr. Reid informed that Epicor is going beyond enterprise resource planning (ERP) to provide innovative and highly-focused industrial productivity solutions that are made for, and essential to, the business. The global economy is expected to go through recovery in 2021. Steel prices are expected to increase throughout the beginning of 2021 as supply remains tight and demand rebounds from pandemic levels.

The Covid-19 crisis has forced companies to build resilience in three phases: Respond, Recover and Reimagine. The resilience has six (6) dimensions: (1) Protect and grow the top line; (2) Develop agile operations; (3) Enable people; (4) Accelerate data and digital platforms; (5) Enhance cybersecurity; and (6) Strengthen financials. And, each resilience dimension has three levels of capability maturity. The companies that have purposefully developed capabilities to tackle ambiguity and unpredictability are most likely to thrive.

There were discussions and Q&A session at the end of the webinar. A total of 20 participants joined the webinar session from various steel related companies.