Leading into post-COVID-19 is a webinar to understand's SMB challenges and opportunities, supply chain disruption, cash flow, and business continuity are issues facing the engineering and manufacturing industries.

1. SINGAPORE INDUSTRIAL AUTOMATION ASSOCIATION
Colin Koh
Past President
Co-Author of “Industry 4.0: Navigating the Manufacturing in ASEAN”
www.asean4ir.com

2. • Financial, Operational, and Strategic Challenges Facing Businesses
• Covid-19 the catalyst for change
• From Industry 3.0 to Industry 4.0
• Self Assessment Tool: Singapore Smart Industry Readiness Index
• Value Chain and Ecosystem
• Post Crisis Business Builder
• Outcome of Digital Transformation
• Moving Up the Value Chain
• Welcome to the VUCA World and turn to your advantage
• Product Innovation and Business Transformation
Leading Through A Pandemic

3. • Liquidity & Cash flow (Barter trade within
ecosystem?)
• Repurpose your operations and assess capacity
and resources
• Human Resource and Staffing
• Supply Chain Mapping and Visibility
• Business Model after Covid-19
Financial, Operational, and Strategic Challenges
Facing Businesses

4. • How will your react to customer needs as we head into a post-crisis “new
normal”?
• How will you create Hi-Tech and High Touch interactions with customers you
will never meet?
• How can you provide remote services that you can’t touch or hold?
• How will you reconstruct and create resilience in your supply chain, without
tying up more capital?
• How to manage your costs and operations to variable structures to handle
an increasingly volatile and dynamic world?
• How will you develop digital products and services in days or weeks to meet
the dynamic marketplace.
Covid-19 the catalyst for change

5. From Industry 3.0 to Industry 4.0
Source: Singapore EDB

6. Self Assessment Tool:
Singapore Smart Industry Readiness Index
Source: Singapore EDB

7. Value Chain and Ecosystem
Source: www.asean4ir.com

8. Post Crisis Business Builder
• Remote services provider.
• Collaboration platform.
• Human Resource Deployment
• High-touch digital channels
• Data visionary
• Resilient and Agile
• Anticipatory Leadership (Trends/Data)
Trends
Hard Soft
Data
SoftHard
1
2
3
4
Source: Morris Misewski

9. 1. Improve productivity/efficiency to cut cost
• Human Resource, Process, Technology
2. Improve Revenue
• Expending market (local and overseas)
3. New Business Innovation (New Money)
• New Product Innovation
• New Business Model (Transition into Fourth Industrial Revolution: 4IR) and
Digital Economy (5G Ready)
Outcome of Digital Transformation

10. Moving Up the Value Chain
Source: www.asean4ir.com

11. Product Innovation In times of crisis
Source: www.gillmask.com
Case Study: SIAA member
Inventor and Founder
Mr. Cheong Siah Chong
MDesign Solutions Pte Ltd
Vice President of SIAA

12. • Volatile
• Change is Violent and uncontrollable.
• Uncertainty
• The future is unpredictable, making it hard to prepare for.
• Complex
• With so much going on, things can often chaotic and confused.
• Ambiguous
• We lack clarity because it’s hard to know what the root cause of the problems is.
Welcome to VUCA World Where
rapid and unpredictable change has become the norm

13. • 1. Counter Volatility with Vision
• Create a compelling Vision and value for your people.
• This will give them clear focus and help them to react quickly to change
• 2. Meet Uncertainty with Understanding
• What are your competitions doing? What’s new in your industry?
• When you ‘re “in the know” you’ll be able to anticipate threats and take advantage of new
opportunities
• 3. React to Complexity with Clarity
• Be crystal clear when you communicate, and promote teamwork and collaboration
• This will give people a clear direction, and encourage them to solve complex problems together
• 4. Fight Ambiguity with Agility
• Stay adaptable, even during uncertain times
• Encourage people to learn new kills, stimulate debate, and embrace creativity
Turn VUCA to your advantage