GLOBAL ECONOMICS AND MARKETING (GEM)
|SESSION 1: TRANSCENDING THE CHALLENGES OF THE OIL PALM INDUSTRY
The oil palm industry continues to thrive at the global stage; as such the navigation throughthe challenges in the industry, and seizing the opportunities presented by future challengeswould be discussed by eminent experts. The industry has remained resilient and competitivein pursuance of maintaining sustainable palm oil supply chain worldwide. The prominentspeakers will deliberate further on empowering effective supply chain management in theoil palm industry and also the governance of it through regional cooperation. The challengesconfronted by the upstream sector in transforming the smallholder’s well-being as wellas managing estates amidst the rising cost of production would also be addressed. Theopportunities in the palm oil refining sector will also be deliberated.
|SESSION 2: ENSURING BUSINESS SUSTAINABILITY THROUGH PALM OIL
The oil palm industry has charted impressive growth over the past several decades andhas placed palm oil as the major oil produced, traded, and consumed the world over. As theindustry becomes prosperous, it faces increasing challenges that have a direct impact on itsperformance. Despite being one of the most highly regulated with legislation and regulations,the Malaysian oil palm industry is trapped in various accusations in relation to human rightsviolations. The heavy reliance of Malaysia particularly the Malaysian oil palm plantationsector on foreign labour has increased the vulnerability of the country. The import ban onMalaysian palm oil products from certain plantation companies by the US over human rightsissues has necessitated concerted efforts from all fronts. Various proactive actions have beentaken to address the issue at the root cause by the government and the industry. This sessionwill provide insights from various organisations domestically and internationally as well asdeliberate the public-private’s combined efforts and approaches in combating forced and childlabour allegations in the Malaysian oil palm plantation sector.
SESSION 3: BUILDING RESILIENCE THROUGH INNOVATIONS
As one of the world’s largest edible oil industry, the Malaysian oil palm industry is gearingahead to add values along its supply chain right from upstream to downstream throughresearch & development and the development of innovative products. These innovationshave led to the production of new palm-based products that create a new market for oil palmproducts. In addition, the advances of blockchain technology have provided an unprecedentedlevel of trust in the supply chain, contributed to protecting the working conditions and legalemployment of field workers and generated rich data on crop harvesting. The blockchaintechnology helps bridge the gap between expectations and realities in the oil palm industry.The session will aim to address how the oil palm industry can be future-proofed by takinglessons from successful agricultural transformations around the world. Experts in this fieldwill share their valuable insights and thought-provoking ideas in these areas.
|SESSION 4: THE NEW PARADIGM FOR MALAYSIAN OIL PALM INDUSTRY
This session will deliberate Malaysia’s economic performances and the new paradigm ofthe Malaysian oil palm industry that is a way forward to ensure a conducive environmentand sustainable rebound of the Malaysian oil palm industry during the endemic phase ofCOVID-19. This session will analyse the changes in price and international policy, globalsupply and demand dynamic, and initiative measures to build resilience in managing theexpected uncertainties moving forward.