The Graduate School of Business (GSB) hosted its second ‘Meet the Leaders Forum’ on Wednesday, 29 September 2018. The Topic for the forum was “Solving a Jigsaw Puzzle: The Case of FSC”. The forum was attended by GSB staff, currents GSB students, Senior Management Team members, MBA Programme Advisory Committee Members and other invited guests. The guest speaker for the forum was, Chief Executive Officer of Fiji Sugar Corporation, Mr. Graham Clark.
Mr. Clark spoke about the challenges the industry is currently encountering, such as, decoupling sugar cane production, poor farm productivity, climate change, poor factory efficiencies, aging farmers, slow renewal of land leases, rising costs and loss of skills.
He further accentuated about the global sugar prices and its current trends, the current sugar scenario such as cane burning and poor quality of sugar cane, climatic condition effects to crops, major losses to sugar industry, post natural disasters, long queues of lorries delivering sugar cane to mills due to mill breakdowns, and only 20% cane delivered by rail.
Mr. Clark narrated the success story of the sugar industry in Mauritius. He further highlighted where FSC is currently going and the reasons for this. The foremost reason for this is lack of accountability and governance, lack of Industry leadership and direction. Mr. Clark spoke about FSC’s Strategy for 2019-2023, he highlighted that many would like to see an improved and a new FSC during these 4 years. He stated that this can only be possible by focusing closely to its strategic plan.
On the future of FSC, Mr Clark elucidated that:
“FSC’s Transformation will be completed when 3.5 million tons of cane and 400,000 tonnes of sugar are produced and EBITDA of FJD80m is earned”.
The Graduate School of Business was grateful for a complete packaged presentation that was not only relevant to the GSB and the MBA curriculum but it enhanced the learning capability of students. It has also been a source of empowerment towards the audience in attendance.
Indeed, the forum was a colossal success, as the feedback received from the audience indicated the efficacious and usefulness of the presentation.