IAC Workshop 1:
STEM

With the rapid change of technology brought about by Industrial Revolution 4.0 (IR 4.0), Malaysia places great importance on STEM to remain competitive globally by becoming a high income – high technology nation. To meet the challenges and demand of a STEM driven economy, the STEM ecosystem in Malaysia must be strengthened and enhanced.In an analysis of Intellectual Capital as an enabler for STEM ecosystem, Malaysia is found to have low innovative capability: knowledge content is mostly at absorptive and adaptive levels and rarely transcend to innovative capability. Malaysia was ranked at 53 out of 131 in ‘Knowledge Workers’ in the Global Innovation Index 2020.TalentCorp’s Critical Occupations List (COL) 2021/2022 found that 86% of the occupations on the list for the first time are predominantly digital professions. All this are STEM related occupations. Some of the occupations are Systems Analysts, Software Developers, Applications Programmers, Data Professionals, Cybersecurity Professionals, Industrial and Production Engineers, Mechanical Engineers, and Manufacturing Professionals, among others.Graduates need to be equipped with knowledge and skills that are current and up to date, aligned with the fast-moving changes experienced by industries. A sustainable talent ecosystem has to be developed to ensure the needs of both academia and industry can be met. This workshop aims to gather input and feedback from industry players and academia on issues and challenges faced, and subsequently to provide potential intervention and/or solutions to bridge these challenges.

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IAC Workshop 2:
Animation and Game Industry Workshop

The digital creative content industry is robust and vital for Malaysia, and is expected to generate RM300 million worth of potential trade and investment opportunities in 2022.The TalentCorp’s Critical Occupations List (COL) 2021/2022 found that there is a growing demand in digital critical occupations, in particular occupations related to the animation and games industry. As the country receives investments in the creative and multimedia industry, animation and visual effects professionals are increasingly in demand. The most sought-after skills (among others) for these professionals are Modelling software (3ds Max, 3D Coat, Cinema 4D, Blender), 2D Software (Photoshop & Illustrator), Compositing Visuals, and Model Optimisation, which aligns with the requirements of industry players.The feedback from industry players is that they are not facing a lack of talent, but rather the lack of relevant industrial training, and the need to hone the skills of existing talents to meet industry needs. For instance, while institutions of higher learning in Malaysia offer degree programmes in games development, there is a need for more graduates to be equipped for the fast-paced, evolving games development industry.At this workshop, we aim to gather input and feedback from industry players and academia on potential intervention programmes, and/or solutions on the talent issues and challenges in the animation and game industry.

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IAC Workshop 3:
Tourism

Tourism is one of the largest industries in Malaysia, contributing 5.9% to our gross domestic product (GDP) and employing close to a quarter of the total workforce. The country had welcomed 26.1 million tourists, of which 17.89 million were from Asean countries, in 2019 before tourism activities were put to a halt. The industry had successfully generated RM86.1 million in tourism revenues.Malaysia reopened its borders on 1st April 2022 to allow quarantine-free travel and tourism after two years, as the country transitions to treating COVID-19 as endemic. While the reopening of borders augurs well for the economy, tourism players might see challenges resulting from labour shortages and raw ingredient prices. Many tourism professionals were forced to move to other sectors or start their own businesses over the last two years amid massive lay-offs. But not all of them are raring to return. Travel and hospitality operators can overcome the challenges by pivoting to new ways of working in 2022.Faced with an altered workforce and a changing talent ecosystem, hospitality/tourism players need to be Rethinking Talent Management Strategies in Malaysia’s Tourism Sector Post COVID-19. One of the main areas is addressing the shift from ‘Person-JobFit’ towards a new norm ‘Talent-Job-Fit’ in managing tourism talent in order to create sustainable talent management within the sector. Also, the tourism sector is trending towards digitalisation with usage of automation and robotics. Hyper-personalisation and customisation are the new era for tourism products and services. As COVID-19 phenomenon has driven most organisations to shift businesses towards the digital pathway, the tourism sector which already sees digitalisation as an emerging trend should be readily able to swift directions towards the technology-driven era in no time.At this workshop, we aim to gather input and feedback from industry players and academia on potential intervention programmes, and/or solutions on the talent issues and challenges in the tourism industry.

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IAC Workshop:
E&E

The E&E industry is one of the pillars of the Malaysian economy, manufacturing products ranging from semiconductor devices to consumer and industrial electronics. It accounted for a notable 6.8% of the country’s GDP in 2020 (2019: 6.3%) and contributed 39% of export earnings (2019: 37%). This mature industry continues to grow with the adoption of new, innovative, and advanced technology. In the fast-expanding E&E market, our major export destinations include Singapore, Hong Kong, USA, China, and Japan. Sources: SME Bank GroupThis industry also has been identified as playing a critical role in the country’s recovery and re-growth post Covid-19 outbreak. The E&E landscape in Malaysia stabilising in the coming months on the back of demand for smart manufacturing capabilities, automation and technological innovations, the country remains competitive amid the pandemic and digitalisation is urgent to future-proof businesses from other risks. The increasing demand on chips in new gadgets and the advent of new technologies in business to support online meeting and other arrangements.From the above statistics, it is imperative that E&E sector is given high priority as it contributes significantly to our GDP. More efforts in talent development programs should be crafted and implemented to sustain talent in this industry. As such, TalentCorp is taking the initiative to conduct an Industry Academia Collaboration Workshop to provide a one-stop platform for industries and academia to start making plans for a better, more efficient, and sustainable talent development activities.At this workshop, we aim to gather input and feedback from industry players and academia on potential intervention programmes, and/or solutions on the talent issues and challenges in the Electrical and Electronic industry.

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IAC Workshop:
Healthcare Industries

This workshop will focus on the healthcare sector that consists of businesses that manufacture medical equipment / devices, manufacturer of consumable or disposable medical items, manufacturer of drugs and pharmaceutical items, manufacturer of health products and supplements and traditional and complimentary medicine service providers.Malaysia’s medical devices industry comprises of more than 200 manufacturers, of which 30 are multinationals that have made Malaysia their manufacturing base. These include reputable names, such as B. Braun, Smith and Nephew, Dexcom, Abbott, to name a few. This positions Malaysia as a medical device manufacturing hub in ASEAN as well as an outsourcing destination for many multinationals. The government views this industry as high potential growth areas that can revitalize the manufacturing sector.Exports of medical devices were valued at US$5.6 billion in 2019, according to the Association of Malaysian Medical Industries (AMMI) and will likely continue growing. This is mainly due to the surge of demands for medical devices and medical consumables due to the Covid-19 pandemic and its post infectious diseases.Another area that is our focus is on Malaysia’s pharmaceutical industry, which is valued at more than US$1 billion in 2019, comprising of over 100 companies that can be roughly categorized into three categories - Generic drug manufacturers, Research-based pharmaceutical companies: and over the counter (OTC) manufacturers.
One of the emerging industries under healthcare sector is the supplementary healthcare sector. This sector contributed RM4.4b in Malaysia’s economic growth in 2021 and it is forecasted that it will continue to grow in view of the following factors: aging society in Malaysia, the Covid19 pandemic, change of lifestyle of the societies, consciousness on their health. (Source: Malaysian Dietary Supplement Association)Malaysia is also on track to become the preferred destination for medical tourism in ASEAN. The medical tourism industry is expected to continue growing, with a projected annual revenue of RM2bil in 2025. (Source : www.thestar.com.my). For the traditional and complimentary medicine, TalentCorp has been in a discussion mode with the relevant body for further collaborations.Due to their diverse nature of this sector, the talent needs are also diverse, as such it is high time that for a talent centric agency such as TalentCorp to sit down with the parties involved and discuss what the plans are for a sustainable healthcare sector talent need. At this workshop, we aim to gather input and feedback from industry players and academia on potential intervention programmes, and/or solutions on the talent issues and challenges in the medical industry.

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IAC Workshop:
Fast Moving Consumer Goods (FMCG)

FMCG industry is one of the main contributing sectors to the Malaysian economy as about 20% of Malaysian household expenditure is spent on the consumption of fast-moving consumer goods. In 2021 alone, Malaysia's FMCG sector had a value growth of 6.6%. Malaysia's FMCG market is projected to experience annual growth along with the rise in population size and disposable income. Since the advent of Covid-19, FMCG has been one of the few industries that manage to sustain its position through significant economic adversity.The sustainability of the FMCG industry throughout the global economic recession was contributed by the notably high volume of online purchases made by Malaysian consumers. Online sites such as Lazada and Shopee have been experiencing heavy virtual traffic as Malaysian consumers visit these commercial channels daily to purchase a myriad of consumer goods ranging from apparel and personal care to food and beverage. The Asia Brand Footprint 2021 published by KANTAR projected that the FMCG industry would continue to boom in the years to come as at-home consumption expands.As the consumers' basic needs and wants are the heart of the FMCG industry, the economic sector was sufficiently insured against the crippling economic slump. This commercial shield that the FMCG industry has may provide greater job security than the other industries. As online commercial sites and virtual purchases become more relevant, there will inevitably be greater demand for digital, analytics-driven roles in the FMCG industry. These roles may be crucial in improving the digital operationalisation and online customer experience that the FMCG companies will aim to provide. Hence, it is imperative for the industry to be able to meet the emerging demand for such talents.
TalentCorp, as a facilitator in identifying talent-related solutions, will be organising an Industry-Academia Collaboration workshop where relevant stakeholders engage with each other and have the opportunity to advance their perspectives. At this workshop, we aim to gather input and feedback from industry players and academia on potential intervention programs and solutions to the FMCG industry's talent issues and challenges.

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IAC Workshop:
Information & Communications Technology

Information and communications technology (ICT) is the components and infrastructure that enable modern computing. Digital technologies are the digital tools, systems, devices, and resources that generate, store or process data such as social media, online games, multimedia, and mobile phones. Information and communications technology (ICT) tools used to stimulate and modelling real experiments and to facilitate the interactivity and collaboration between users. ICT’s importance to economic development and business growth has been so monumental, in fact that it’s credited with ushering in what many have labelled the Fourth Industrial Revolution (Source: www.techtarget.com).While Industrial Revolution technologies will improve our efficiencies and simplify how we
work, it is also replacing jobs of many people, leading to a “skill-biased technical change” where gains of growth will go to those with the right skills. The future promises to create a polarised employment market, one where there are more jobs across the board for high-skill and low-skill workers, but with an increased remuneration gap between the two segments.Covid-19 outbreak has led to revised growth forecasts for the global economy. It has a wide-ranging impact on economic activity, ranging from significantly reduced consumer discretionary spending to a freeze on business activities such as capital budgets, hiring, and a reduction in all but essential operational expenses. Even so, under the current conditions some businesses may become more critical to our lives and could face an increase in demand, such as in the case of the information and communication technology (ICT) industry. Digital technologies have become a critical enabler of connectivity facilitating the continuity of our regular lives and connecting people more than ever before.The Covid-19 pandemic has driven many countries to educated population as well as the rising importance of promoting digital engagement and developing ICT skills among its future workforces. There will be an urgent need for organizations to reskill, upskill and cross-skill existing workforces while carrying on the hiring of new digital talents at the same time. Creating a stronger talent pipeline should be a top propriety to support the nation’s digital transformation goals and create a secure digital ecosystem. (Source: themalaysianreserve.com). One challenge is the huge deficit of ICT talent and addressing the talent shortage has become a major challenge facing the industry. (Source: e.huawei.com).Tech skills are no longer an option – rather, the ability to adapt quickly and pick up digital focused skills will determine a talent’s marketability in the future. The reporting of the skills
demands aside, both data sets (the LinkedIn version and TalentCorp's COL) were acquired through intense analysis of data points. We must move away from the mismatched supply of talent to demand-driven data analytics, so that we can better prepare and predict jobs of the future.There is a digital-related occupation skills mismatch: The annual Critical Occupations List (COL) report, which identifies sought-after and hard-to-fill occupations in Malaysia, found that a significant

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IAC Workshop 9:
Biotechnology

Biotechnology is recognised by the Malaysian government as one of the critical industries that will drive Malaysia towards a progressive and high-income nation. Malaysia is richly endowed with biodiversity and blessed with a wide array of natural resources that are useful for biotechnology research and development (R&D). Many nations, including Malaysia, have acknowledged biotechnology's contribution to economic progress and human well-being.Although the promotion of biotechnology as a source of economic growth has been championed since the 1990s, the biotechnology industry is relatively young in Malaysia and has been highlighted as a new engine of growth for Malaysia. Malaysia's biotechnology sector is made up of enterprises that specialise in biotechnology, biopharmaceuticals, bioinformatics, and agricultural biotechnology.Public support is critical in predicting the commercialization of biotechnology products, alongside with the upgrading of existing facilities. Other key factors that contribute towards the success of the biotechnology industry are the availability of venture capital funding and a critical mass of highly qualified biotechnology graduates. In line with this, Malaysia needs to produce a large number of biotechnologies graduates every year to fill up the jobs created in the industry.Therefore, this workshop will be the platform to discuss on talent demand and aim to gather input and feedback from industry players and academia on potential intervention programmes, and/or solutions on the talent issues and challenges in the biotechnology sector.

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IAC Workshop 10:
Logistics

According to GII Global's Market Research Report, Malaysia's logistics sector was valued at USD 37.6 billion in 2020 and is projected to exceed USD 55 billion by 2026. Since the advent of Covid-19, Malaysian consumers have become more integrated with e-commerce activities such as online purchases. This change in the shopping process is bringing about a revolutionising force in the sector; many logistics companies are nudged to re-strategise their operations into embracing a more digitalised modus operandi. As the industry's growth is predicted to boom, improvements in infrastructure and advanced information technology systems must be made to realise such a projection.Furthermore, as sustainability is becoming one of the most important emphases in the world economy, the sector will be prompted to sort to a methodology that can decrease trip volumes, boost delivery productivity and reduce carbon emission. Additionally, with the rapid expansion of online commercial activities, logistics players will have to innovate their operations to be more agile and cost-efficient. Such may mean implementing an AI-powered logistics management platform where procedures and processes will be more optimised and automated. On top of that, the current digitalisation trend will also prod logistics businesses to leverage analytics and predictive intelligence to improve their operations. These emerging trends would mean that the logistics sector would have to secure a competent and relevant pool of talents if it wishes to win against the tide of changes.TalentCorp, as a facilitator in identifying talent-related solutions, will be organising an Industry-Academia Collaboration workshop where relevant stakeholders engage with each other and have the opportunity to advance their perspectives. At this workshop, we aim to gather input and feedback from industry players and academia on potential intervention programs and solutions to the logistics industry's talent issues and challenges.

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IAC Workshop 8:
Oil & Gas Services and Equipment (OGSE)

The Oil & Gas Services and Equipment (OGSE) industry is important to the Malaysian economy, contributing 5% to 8% of the country's GDP with annual revenue of more than RM65.1 billion (2019) from over 4,000 vendors and employing approximately 59,000 core talents. (Sources: Malaysian Petroleum Resources Corporation)The oil and gas services and equipment (OGSE) industry recorded a significantly lower total industry revenue of RM56.2 billion in 2020 (FY2020) from RM65.1 billion in 2019 as the overall oil and gas industry was badly hit by low oil prices and COVID-19. The weaker OGSE industry performance for the year was also contributed by Petroliam Nasional Berhad (PETRONAS) lower allocation of capital expenditure (capex) from 2015, which was weighed down by several factors, including lower global oil prices. (Source: www.nst.com.my)TalentCorp have been working closely with Malaysia Petroleum Resources Corporation (MPRC) to prepare the blueprint since the launched of The National Oil & Gas Services and Equipment (OGSE) Industry Blueprint 2021 – 2030 last year, which endorsed by the Economic Planning Unit (EPU), Prime Minister’s Department. This blueprint was developed based on the culmination of a rigorous process of engagements and coordination with various ministries, government agencies, PETRONAS and the OGSE industry associations. The blueprint seeks to further elevate the resilience and competitiveness of Malaysian OGSE players, promoting long-term sustainability.Talent is crucial under this OGSE blueprint and it’s important for us to understand if Malaysia have high skilled talent to support the aspirations of Malaysia to be the talent hub for OGSE industry.To support the initiative better, TalentCorp will be organising OGSE Industry Roundtable Workshop to engage with OGSE industry and academia. This workshop will be the platform to discuss on talent demand and supply especially high skilled talent in R&D, new energy, technology, and innovation. The insights, challenges and feedback from the workshop will be compile and solidify in report as propose solutions to intervention programme or initiative for OGSE blueprint specifically under Overseas Researcher Programme and additional inputs for Kajian Relevansi Program Akademik by the Ministry of Higher Education.

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