FOR THE AGRICULTURE SECTOR IN MALAYSIA

Client

Ministry Of Economic Affairs
(Economic Planning Unit)

Products & Services

• Policy Planning
• International Policy Benchmarking
• Data Analytics & Business Insights
• Transformation Strategy
• Transformation Programme

Description of Project

Client

The client is a Ministry of Economic Affairs in Malaysia. Their primary function is to formulate, implement and monitor medium and long-term socio-economic development at the national, state and regional levels.

Background

The 11th Malaysian Plan (RMK11) has highlighted “Harnessing the 4th Industrial Revolution (4IR)” as one of the strategies to promote innovation, creativity, and competitiveness of all sectors in embracing the intensification of the digital revolution.

Challenges & Expectations

In 2018, MITI has launched the National Industry 4.0 Policy Framework (Industry4WRD) on the adoption of Industry 4.0 technologies elements for the manufacturing sector and manufacturing-related services. 

Given this development, there is a need to develop a broader 4IR policy framework for the rest of the economy to interphase with the Industry4WRD framework. In addition, a plethora of existing policies to guide sectoral development needs to be reconciled within a broader framework for better resource optimisation and implementation

Our Role on the Project

Scope of Services

Working with PwC as a consortium, 27Advisory were to lead the analytics and recommendations on Agriculture Sector:

• Thorough assessment on the Agriculture industry in Malaysia, including the industry outlook, issues which impeding the technology  adoption, key industry development plan and progress to-date
• International benchmark on government policy strategy relating to the development Agriculture sector towards higher technology adoption
• Make recommendations that will resolve the challenges for the Agriculture sector in adopting 4IR technologies

Solutions/Outcomes Delivered

• Recommendations on sectoral policies and programmes with main objectives to resolve the challenges that are impeding technologies adoption & facilitate nation-wide 4IR adoptions
• Syndication with Agriculture-related ministries, agencies & associations such as MOA, MPIC, MPOB, MEOA to ensure buy-in on the recommendations made