TECH BUYER Feb 2022 - Tech Buyer Presentation - Doc # AP46311421

Manufacturing Trends in Malaysia

By:

Sampath Kumar Venkataswamy
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, Gokul Krishna Perumal, Anand Akash Sharma, Pallavi Priyadarshini
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Abstract

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."


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