- Ministers from around the world will gather to explore how governments can effectively respond to the economic impact of the current crisis
- Discussions will highlight the role of Fourth Industrial Revolution technologies in restoring economies, strengthening global value chains, and addressing climate change
- Close to 100 influential leaders join the Virtual Edition of the Global Manufacturing and Industrialisation Summit on September 4-5, 2020
Hannover: Leaders from across the manufacturing community have been urged to play a critical role in guiding the world out of the COVID-19 pandemic and setting a new course towards creating a more inclusive and sustainable future for humanity, as they prepare to gather on September 4-5, for the Virtual Edition of the Global Manufacturing and Industrialisation Summit (#GMIS2020).
Under the theme – Glocalisation: Towards Sustainable and Inclusive Global Value Chains, the #GMIS2020 Virtual Summit will feature a cross-section of close to 100 influential global leaders from the public and private sector participating across more than 20 virtual sessions to discuss pathways to accelerate the role of Fourth industrial revolution (4IR) technologies to build more resilient global value chains and restore prosperity in a post-pandemic world.
Khaldoon Al Mubarak, Managing Director and Group CEO of Mubadala Investment Company, Joe Kaeser, President and CEO of Siemens AG, Jean-Pascal Tricoire, Chairman and CEO of Schneider Electric, and Darius Adamczyk, Chairman and CEO of Honeywell will gather at the keynote panel to answer 'the Trillion-dollar question: in an age of digital restoration, how are leaders repurposing our economies to deal with a post-crisis era?' The four CEOs will address major challenges that our world is experiencing due to the pandemic and explore ways to create a new roadmap for the future. The session will be followed by a keynote address from Patrice Caine, Chairman and CEO of Thales Group.
Jean-Pascal Tricoire, Chairman and CEO of Schneider Electric, said: "The COVID-19 crisis will transform industry. New circumstances have reinforced the importance of agility, efficiency, and resiliency. Our industries are simultaneously needing to save costs while building more capacity and robustness. To achieve both, there is one solution: digitisation. But this is not new to industry. COVID-19 has been a massive accelerator of digital, reinforced by the core needs of remote everything, resiliency, efficiency, and sustainability. I look forward to discussing what we can do to help industry best adapt to this new context and these new needs during GMIS."
The #GMIS2020 Virtual Summit will be attended by a number of government representatives, including ministers from Russia, Germany, the Kingdom of Saudi Arabia, the United Arab Emirates, Brazil, Israel, Egypt, Bangladesh, and Rwanda. They will debate how governments should respond to the damage inflicted on the global economy by lockdowns, social-distancing measures, and travel restrictions that were imposed during the pandemic. Consumer confidence has been severely dented by these measures, which have resulted in mass layoffs and global economies falling into recession, with no visibility on when the world can expect to recover.
Ministers that will participate in the Summit include H.R.H. Prince Abdulaziz bin Salman Al Saud, Minister of Energy of the Kingdom of Saudi Arabia; H.E. Dr. Sultan Al-Jaber, Minister of Industry and Advanced Technology of the United Arab Emirates and Co-chair of GMIS; H.E. Alexander Novak, Minister of Energy of the Russian Federation; H.E. Suhail Mohamed Faraj Al Mazrouei, Minister of Energy and Infrastructure of the United Arab Emirates; H.E Dr. Yuval Steinitz, Minister of Energy of Israel; H.E. Gerd Müller, Federal Minister for Economic Cooperation and Development of Germany; H.E. Denis Manturov, Minister of Industry and Trade of the Russian Federation; H.E. Marcos Pontes, Minister of Science, Technology, and Innovations of Brazil; H.E. Hussain Al Hammadi, Minister of Education for the United Arab Emirates; H.E. Bandar bin Ibrahim al-Khorayef, Minister of Industry and Mineral Resources of the Kingdom of Saudi Arabia; H.E. Nevein Essam El Din Gamea, Minister of Trade and Industry of Egypt; H.E. Nurul Majid Mahmud Minister of Industry of Bangladesh, and Hon. Soraya Hakuziyaremye, Ministry of Trade and Industry of Rwanda.
The Ministers will also be joined by government officials from Germany, Italy, and the United States of America including Elisabeth Winkelmeier-Becker, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy of Germany; Hon. Mattia Fantinati, Member of the House of Representatives of the Italian Parliament and Special Advisor to the Italian Minister of Technological Innovation and Digitalization; and the Hon. William Peduto, Mayor of the City of Pittsburgh, United States of America.
H.E. Bandar bin Ibrahim al-Khorayef, Minister of Industry and Mineral Resources of the Kingdom of Saudi Arabia will deliver a keynote addressing 'The Policymakers' Challenge: navigating through a recession' which will be followed by a discussion with H.E. Nurul Majid Mahmud Humayun, Minister of Industries of Bangladesh, and Hon. Soraya Hakuziyaremye, Minister of Trade and Industry of Rwanda, and Arkady Dvorkovich, Chairman of Skolkovo Foundation, Russia, to address these issues further.
In light of the pandemic, many governments are now putting forward green energy incentives at the heart of stimulus packages to encourage a long-term economic recovery in line with the Sustainable Development Goals (SDGs). HRH Prince Abdulaziz bin Salman Al Saud, Minister of Energy of the Kingdom of Saudi Arabia will be joined by H.E. Alexander Valentinovich Novak, Minister of Energy of the Russian Federation and H.E. Suhail Mohamed Faraj Al Mazrouei, Minister of Energy and Infrastructure of the United Arab Emirates to discuss ‘Energies of the future: the time for clean energy is now’. The discussion will focus on addressing climate change through decarbonising the energy-intensive manufacturing sector with affordable, low-carbon technologies which will be followed by a keynote address delivered by H.E Dr. Yuval Steinitz, Minister of Energy of Israel.
H.E. Alexander Novak, Minister of Energy of Russia, said: "In a number of cases, the movement towards "green" energy takes on the nature of pressure on the energy industry. Therefore, all decisions made must be weighed. We must remember that energy inequalities are still widespread, and fossil energy sources can also be environmentally neutral considering the development and application of modern technologies. Natural gas remains very promising as a low-carbon energy source, the prospects for expanding the share of its use in the energy balance are quite high, including in electricity generation, despite the increase in the share of renewable energy sources."
Calling for a post-COVID-19 transformation of the global economy
Badr Al Olama, Head of the Organising Committee for the Global Manufacturing and Industrialisation Summit, called on delegates participating in the #GMIS2020 Virtual Summit to step up and contribute in the post-COVID-19 transformation of the global economy.
“The world is at a defining moment and the COVID-19 crisis has presented us with a unique window of opportunity to create a new paradigm of collaborative management, one where all stakeholders can work together in delivering a more inclusive, sustainable and prosperous future for all of humanity,” Al-Olama said.
“Now is the time for the manufacturing community to demonstrate that it can put the transformative technologies of the fourth industrial revolution at the forefront of a global reset - prioritising people over profit, addressing the threat of climate change, and making prosperity accessible to all. These objectives cannot be achieved without cross-border and multi-stakeholder partnerships”
Other subject matter experts and thought-leaders from global organisations that will participate in the #GMIS2020 Virtual Summit include Dr. Steve Walker, Vice President and Chief Technology Officer of Lockheed Martin; Caroline Freund, Global Director of Trade, Investment and Competitiveness of World Bank Group; Edward Zhou, Vice President for Global Public Affairs of Huawei Technologies; Anders Fredholm, Vice President, Global Business Development Leader for Industrial Products and Chemicals & Petroleum Industries of IBM; Dr. Volker Treier, Chief Executive of Foreign Trade and Member of the Executive Board of the Association of German Chambers of Commerce and Industry (DIHK); Dr. Nicholas Garrett, CEO of RCS Global Group; Nan Cunhui, Chairman of CHINT Group, China; T V Narendran, President-Designate of CII (2020-21) and CEO & Managing Director of Tata Steel Limited; and Mohamed Al Ramahi, CEO of Masdar; amongst others.
Discussions will focus on major challenges facing the manufacturing sector and will explore how the adoption of 4IR technologies, localising production capabilities and capacity building, and spreading inclusive and sustainable development will all be critical to the future of global value chains. The pandemic has exposed the vulnerability of global supply chains to unprecedented shocks and highlighted the importance for businesses to accelerate and adopt digital transformation programmes with new technologies that can improve visibility across the supply chain to strengthen resilience.
Anders Fredholm, Vice President, Global Business Development Leader for Industrial Products and Chemicals & Petroleum Industries of IBM said: "While COVID has revealed fragility across the global supply chain, Industry 4.0 digital solutions boost the options to optimize and secure production, safeguard the workforce and achieve sustainability goals."
Mohamed Al Ramahi, CEO of Masdar added: “Even before the COVID-19 pandemic we were all facing the challenges of climate change – so we cannot go back to a “business-as-usual” world. We must seize the opportunity presented by the need to restore the global economy to recover better and deliver a more sustainable future for all. Since inception, Masdar has been committed to creating viable sustainability solutions, and GMIS is the perfect platform to deliver on that mission.”
- Press collateral (press release, imagery, links, etc.) is available to download on the following link: https://bit.ly/3hNNgsS
- Additional GMIS press assets are available here: https://bit.ly/31s6aQN
The Global Manufacturing and Industrialisation Summit (GMIS) was established in 2015 to build bridges between manufacturers, governments and NGOs, technologists, and investors in harnessing the Fourth Industrial Revolution's (4IR) transformation of manufacturing to enable the regeneration of the global economy. A joint initiative by the United Arab Emirates and the United Nations Industrial Development Organization (UNIDO), GMIS is a global platform that presents stakeholders with an opportunity to shape the future of the manufacturing sector and contribute towards global good by advancing some of the United Nations Sustainable Development Goals.
The first two editions of the Global Manufacturing and Industrialisation Summit were held in Abu Dhabi, United Arab Emirates in March 2017, and Yekaterinburg, Russia in July 2019, respectively, with each edition welcoming over 3,000 high-level delegates from over 40 countries.
GMIS 2020, the third edition of the Global Manufacturing and Industrialisation Summit, will be held virtually as a sequence of digital series starting June 2020 followed by a virtual Summit in September 2020, and will focus on glocalisation.
To learn more about GMIS, please visit https://gmisummit.com/ and follow GMIS on Twitter: @GMISummit, Instagram: @gmisummit, LinkedIn: GMIS - Global Manufacturing & Industrialisation Summit, and Facebook: @GMISummit.
M Three Marcomms LLC, Press Office for:
Global Manufacturing & Industrialisation Summit
Mohammed Bin Rashid Initiative for Global Prosperity
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.