target audience: TECH BUYER Publication date: May 2023 - Document type: Tech Buyer Presentation - Doc Document number: # AP46311421
Manufacturing Trends in Malaysia
This IDC presentation discusses emerging trends in the manufacturing sector in Malaysia. Despite the opportunity, there are several challenges that the manufacturing industry in Malaysia has been grappling with, such as the transition to a high value-add economy and the skill gaps to drive research and development (R&D) efforts. The initiatives that have been launched in the past two years look at mitigating the skill gaps to a certain extent, but policy structures targeting investments for new-age products should also be a core focus area to ensure that innovation efforts yield tangible and sustained revenues.
"The manufacturing outlook in Malaysia has improved significantly toward the end of CY 3Q21, driven largely by a revival in international demand for electrical and electronics components. But the constraints around global supply chain movement primarily due to freight delays continues to be a significant factor adversely affecting the planning and delivery drives," says Sampath Kumar Venkataswamy, senior research manager, IDC Asia/Pacific Manufacturing Insights."