Frost & Sullivan recognises recipients of its largest On-site Assessment Process: Value Chain Leadership Awards, Gulf Edition | Frost & Sullivan recognises recipients of its largest On-site Assessment Process: Value Chain Leadership Awards, Gulf Edition -
Frost & Sullivan concluded the 2013 edition of its Value Chain Leadership Awards (VCLA), Gulf Edition at Atlantis, the Palm, Dubai.

Frost & Sullivan recognises recipients of its largest On-site Assessment Process: Value Chain Leadership Awards, Gulf Edition

: Sunday, March 02 - 2014 @ 09:26

Frost & Sullivan concluded the 2013 edition of its Value Chain Leadership Awards (VCLA), Gulf Edition on 26th February at Atlantis, the Palm, Dubai, the United Arab Emirates (UAE). Through this global programme, which aims to transform supply chain and manufacturing capability in the region, Frost & Sullivan identified and applauded sustainable organisations with strong business acumen and robust operational performance, aligned to customer satisfaction and delight. The companies recognised have demonstrated excellence in their growth strategies and exhibited exceptional leadership, successful customer acquisition backed by efficient operations and supply chain processes.

Frost & Sullivan’s On-site Assessment Programme has a legacy of more than a decade in various regions around the globe and has increasingly gained credibility across the business fraternity. Over the years, Manufacturing & Process Consulting Practice of Frost & Sullivan has been working closely with management teams of various companies and has been involved in critical decision making with respect to supply chain efficiencies, its leanness, and flexibility.

VCLA evaluation was primarily based on four critical aspects of value chain: Customer Focus, Logistics Excellence, Operational Effectiveness, and Sustainability. Frost & Sullivan believes that a firm, which performs well on these four parameters along with strong financial performance, should be a natural “Partner of Choice”.

The developments of the past decade in the Middle East indicate the increasing focus on non-oil sectors as a means to achieve sustained economic development and elevated social status. This marks the advent of manufacturing sector growth in the Middle East, the scope and the enormous opportunities for this sector in the region. Middle East, today, accounts for nearly 40 per cent of the global gas reserves. However, the region contributes to only less than 10 per cent of the global gas production due to the high costs involved in liquefaction process needed for exports. This, in itself, presents a huge opportunity for the manufacturing/production sector.

Speaking about the pertinence of leveraging Manufacturing potential in the region, Y.S. Shashidhar, Managing Director, Middle East, North Africa and South Asia, Frost & Sullivan, says, “Manufacturing is one crucial sector that can generate huge employment opportunities in any country. Increased manufacturing focus is expected to bring about the desired economic transformation in the Middle East.” Further emphasising that economic diversification is the solution to most of the region’s problems, Shashidhar said, “The Middle East is going through a very significant transformative phase, realigning its focus to migrate from being an oil dependent economy to a more balanced and sustainable model. As this model encourages inclusive growth across various sectors, it becomes imperative to draw up a strategic plan that shall enable achieving the region’s economic and social objectives. What now becomes key is the identification of target industries for manufacturing investments as the next logical step in this direction.”

Sharing this optimistic vision, Raghavendra Rao, Vice President & Global Manufacturing Leader, Frost & Sullivan, says, “Given the region’s historic success in grooming capital intensive industries, it is fair to anticipate continued manufacturing focus on refineries/petrochemicals and an added impetus for industries such as heavy engineering, food processing and possibly advanced technology. Frost & Sullivan aims to proliferate the concept of sustainable development and thereby assist companies in adopting the global best practices, while staying focussed on their growth aspirations. VCLA and similar initiatives provide platform for companies to Evaluate, Engage, Learn, and Grow.”

CNBC Arabia was the ‘Official Arabic Broadcaster’; Arabian Business was the ‘Exclusive Business Magazine Partner’; and AMEinfo.com was the ‘Online News Partner’. Other renowned Industry Partners were Arab Construction World, B Green, Middle East Food, Saneou Al Hadath, Tech Channel MEA and Trends Magazine.

For more information, contact:

Tanu Chopra
Corporate Communications – Middle East and North Africa
Frost & Sullivan
P: +91.22.6607 2046
F: +91.22.2832 4713

Paroma Bhattacharya
Corporate Communications – Middle East and North Africa
Frost & Sullivan
P: +91.22.6607 2047
F: +91.22.2832 4713

Nimisha Iyer
Corporate Communications – Middle East, North Africa, and South Asia
Frost & Sullivan
P: +91.98200 50519
F: +91.22.2832 4713

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Sunday, March 2- 2014 @ 9:26 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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