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Manufacturing companies set to increase production localisation

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KUALA LUMPUR: Around 30 per cent of manufacturing companies plan to increase production localisation efforts over the next six months to better shield...

: Around 30 per cent of manufacturing companies plan to increase production localisation efforts over the next six months to better shield from future risks, according to global market research company Euromonitor International.

In addition, changing economic conditions and consumer preferences will impact the manufacturing sector, which will have to adapt to the ‘new normal’. Manufacturing companies are expected to invest more in a demand-driven supply chain model and greater flexibility in their facilities.

 

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