Productivity NEXUS for Retail & F&B Launches 3 Flagship Programs

Recently Productivity NEXUS for Retail & F&B Launches three Flagship Programmes at Sunway Putra Hotel, Kuala Lumpur. Basically the new flagship programs are divided into three areas; Retail Digitalisation Program, O2O Growth Venture Program, and Top Transformers. 

Productivity NEXUS for Retail & F&B Launches 3 Flagship Programmes at Sunway Putra Hotel, Kuala Lumpur

The Productivity Nexus has proven its keen initiative of increasing human capital productivity by implementing the Productivity Nexus for the Retail and Food & Beverage (F&B) industry. This targets a 7.2% growth in labour productivity in the industry to meet the 2020 national level productivity target of RM92,300 per worker. 

From Left: Dato' Abdul Latif Haji Abu Seman, Deputy Director-General of MPC; En. Muhammad Ghazali Bin Abdul Aziz, Chief Special Purpose Vehicle of HRDF; Dato’ Dr Mohd Ghazali Bin Abas, Secretary General of Human Resources; Mr Ganesh Kumar Bangah, Chairman of Malaysia E-Commerce; Mr Joel Neoh, Founder of Fave; Dr Sharon Tong Bee Eng, Director of Culturistic; and Dato’ Bruce Lim, Champion of the Productivity Nexus for Retail and F&B Industry 

Led by the Malaysian E-Commerce Chairman Ganesh Kumar Bangah, the first flagship program Retail Digitalisation Program 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.

The O2O Growth Venture Program, helmed by Fave Founder Joel Neoh, emphasises on venturing into new online sales channel and business model to increase sales of businesses. It also educates on the adoption of digital tools and consumer insights.

The Productivity NEXUS for Retail & F&B new flagship programs are divided into three areas; Retail Digitalisation Program; O2O Growth Venture Program; and Top Transformers 

Meanwhile, the Top Transformers Program is designed for leaders in Retailing and F&B who are tasked to manage people and deliver results regardless of ranking to produce a well-tuned working environment. The program, championed by PKT Logistics Group Sdn Bhd Group Chief Executive & Managing Director Dato’ Michael Tio, has kicked off in January and will commence until March.

This new platform is driven by the private sector and supported by government, aims to empower industry associations to become key change agents in the nation. This is because the collective power of industry associations offer a strong bridge to connect with enterprises and knowledge experts in each sector.

The event was officiated by YBhg Dato’ Dr Mohd Ghazali Bin Abas, Secretary General of Human Resources representing YB Dato’ Sri (Dr) Richard Riot Anak Jaem, Minister of Human Resources

As of right now, the Retail and F&B sector currently employs no less than 2.7 million people which marks a value-added of RM89 billion – recording an 8.3% contribution to the nation’s Gross Domestic Product (GDP). However, the productivity in this sector remains as one of the lowest.

This spurred the implementation of the Productivity Nexus which rides on the premise of sharing the economy’s best practices and being inspired by industry experts to further inspire the rest of the industry. The initiative is slated to involve 80 to 100 selected flagship companies.

Productivity NEXUS for Retail & F&B Launches 3 Flagship Programs 

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 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.