Business Planning Workshop (BPW) 2023, an annual strategic planning exercise at Interloop Limited, was held at Serena Hotel Faisalabad from May 17- 19, 2022. Interloops top management, the senior management, and departmental heads from all business units – Hosiery, Denim, Apparel, Activewear, and Yarns – participated in the three-day event. The workshop extensively covered 2021-22 performance, key challenges faced in achieving targets, the objective setting for 2022-2023, and broad action plans to accomplish them.
Paul Keijzer, CEO & Managing Partner at Engage Consulting, facilitated the conference with a discussion on the key objectives of the workshop, the agenda for all three days, and various icebreaker activities for next years target setting.
Navid Fazil, CEO Interloop Limited presented a financial snapshot of the company for 2021-22, highlighting commendable sales and operational performance, leading to surpassing its full-year targets. Presentations from five business group heads followed, encompassing the 2022 performance review. After the lunch break, the five Strategic Thrusts (ST) owners – Full-Service Solutions, Responsible Manufacturing, People, Digitalization, and Agile & Lean Manufacturing – also shed light on their key achievements during 2022 and how they aligned their Thrusts to meet Vision 2025 targets. The participants were then divided into 5 Thrusts based breakout groups with relevant stakeholders from each Business Unit (BU) to share their thoughts about 2023 targets, the risks and challenges involved, and proposals to overcome these challenges and avail new opportunities in achieving them. The day ended with Paul prepping the teams for the next day.
On Day 2, the Thrust owners continued their group discussions and presented 2023 key targets and comprehensive action plans. The delightful lunch was followed by new breakout groups formation based on business units with relevant people from each Thrust for support. Each Business Head shared 2023 targets within groups and discussed and finalized Balance Scorecards for presentations the next day. A musical evening was arranged for the workshop participants to relax and enjoy after a rigorous and engaging day and was followed by a scrumptious dinner.
After the presentations by the business teams on their balance scorecards and 2023 comprehensive action plans on day 3, the event concluded on a closing note by the CEO. The CEO appreciated each Business Units and Thrusts hard work and untiring efforts in taking the company to new heights and how we can attain the following years goal with the same zest and zeal. He also emphasized how collaborative efforts are required from everyone working in Interloop to achieve our Vision for 2025.
