KAM CEO @PhyllisWakiaga - The pandemic has led to a contraction of the global manufacturing output due to reduced consumer demand and global supply chain disruptions.
Global manufacturing output declined by 6.9% in Q1 2020 in comparison to Q4 2019 output.
#BuildingResilience
53% were operating below 50% production capacity during the COVID 19 period whilst 8% were operating below 50% production capacity before COVID 19 (KAM, KPMG Survey released in May 2020), highlighting the need for #BuildingResilience - KAM CEO @PhyllisWakiaga
To #KeepKenyaMoving manufacturers shifted focus to reducing costs & retaining jobs; repurposed production to manufacture PPEs; supported government initiatives to cushion Kenyans & supported communities through donations - KAM CEO @PhyllisWakiaga
#BuildingResilience
COVID-19 has presented us with huge opportunities including the manufacture & supply of medical equipment, investments in adopting new technology & need for developing local value chains to reduce dependence on imports - KAM CEO @PhyllisWakiaga
#BuildingResilience
The Policy Toolkit presents overarching policy interventions among them nurturing nascent & emergent business opportunities; support to SMEs; Circular economy; Increasing resilience of manufacturing & ease of doing business - KAM CEO @PhyllisWakiaga
#BuildingResilience
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