CDO summit aims to jumpstart PH 'industrial revolution'

• Source:https://www.pna.gov.ph/articles/1077728
• Wednesday, August 14, 2019

By Nef Luczon (PR/PNA)

CAGAYAN DE ORO CITY -- This city will host the country's first-ever industrial summit that aims to gather industry leaders to "jumpstart of an industrial revolution that will set the nation forward on a global economic platform".

Slated on November 25-27 this year, the summit is organized by the Phividec Industrial Estate in Misamis Oriental (PIE-MO) Industries Association, Inc. in partnership with the Phividec Industrial Authority.

“As neighboring Asean countries integrate advancements, the lack of it must keep our country in an Industrial Dark Age and may prevent local industries from successfully penetrating the global market,” Phividec Administrator and Chief Executive Officer Franklin M. Quijano said.

Quijano noted that the Philippines has several major industries including manufacturing, agriculture, and electronics.

Many of these industries, he added, may have failed to appreciate and innovate in recent years and are unable to keep up with the latest standards in technology.

It is on this context, he said, that Phividec and PIE-MO Industries Association, Inc. decided to organize the summit as a catalyst to the needed "industrial revolution" in the country.

“We have so much potential industry-wise to meet consumer demands on a global scale. But we’re caught by outdated practices. Through the acquisition of advanced technologies and the adoption of innovative practices, the country can achieve socio-economic development and become globally competitive. The upcoming PIS 2019 makes us prepare for the future,” Quijano said.

According to Quijano, the Philippine Industrial Summit in Mindanao promises to be a gathering of industry champions and tycoons from various industries, as well as leaders from private and public sectors, government agencies, and policymakers.

Members of the academe, the general public, and the media will also be invited to join the talks, according to the Facebook page dedicated for the summit.

Organizers said the summit also seeks to engage participants in relevant discussions so they can establish networks, create a cohesive vision of modern industry, and share ideas on courses of action.

Ultimately, they hope the summit will serve as a "gateway to revolutionizing the Philippine industrial ecosystem."

Organizers said they envision the integration of “smart” technologies in accordance with the Fourth Industrial Revolution.

They said that under the standards of Industry 4.0, machines are equipped with data exchange functionality and be able to connect to a system via the internet. This system will be capable of visualizing production chains and making decisions on its own, thus resulting in a more efficient process overall, they added.

The 2019 Philippine Industrial Summit in Mindanao is organized by PIE-MO Industries Association, Inc. in partnership with PHIVIDEC Industrial Authority.

Phividec Industrial Authority is a government-owned and controlled corporation responsible for industrial estate development throughout the Philippines.

Since its establishment in 1974, PIA has been involved in various projects and programs aimed at socio-economic recovery and industrialization.

PIE-MO is a 3,000-hectare Special Economic Zone that encompasses 13 barangays within the Municipalities of Tagoloan and Villanueva. PIE-MO Industries Association, Inc. is comprised of a group of private companies and stakeholders based at the industrial estate.