Great session today on the future of the Lebanese Industry within the financial & COVID-19 crises with more than 120 attendees 
Lebanon is excessively reliant on imports from all sorts
Lebanon has mainly exported in 2019 Food & Vegetables (~$604Mn), Machines (~$382Mn), Chemical Products (~369Mn), Plastic (~153Mn) and Paper Goods (~144Mn)
Dr. Salim Chahine explained why Industry is a strategic sector for to the Lebanese economy
Food industrialist @mounir1970 explain how they cope with the crises:
1-80% of their turnover is to export markets, they use this fresh$ to finance raw materials
2-They impose stricter payment terms due to frozen credit facilities
3-They protect their crew with masks & sanitizers
1-80% of their turnover is to export markets, they use this fresh$ to finance raw materials
2-They impose stricter payment terms due to frozen credit facilities
3-They protect their crew with masks & sanitizers
Fadi Daou, CEO of Multilane: "one of the biggest challenge our industry is facing is the ability to take goods in and out of the country very quickly. Lebanese Laws are built for consumers not producers"
Fadi Daou firmly believes that it is the right time to develop the HighTech industry in Lebanon where more than 10K jobs can be created.
He proposes the creation of freezones, joint commission of Private Sector and Expatriates and the investment in applied trainings
He proposes the creation of freezones, joint commission of Private Sector and Expatriates and the investment in applied trainings
Tony Haddad who founded Technica in 1982, while Beirut was being bombed, with the vision of making machines in Lebanon and selling them to the world: "We survived several wars and many challenges because we were global and did not depend on the local market"
Tony Haddad, founder of Technica: "We have clients operating our machines in 38 countries and they need our support. We have invented digital solutions for remote support to serve them despite the lockdown"
Tony Haddad, founder of Technica: "An underrated challenge is that leaders need to also handle their personal issues dealing with all of this pressure and decision making"
