Did you know that the manufacturing sector in Malaysia has contributed on average slightly over 5% of the overall economic growth?
Come to think of it, it's quite impressive – considering the softening of global economic conditions. Although there is a convincing growth in the industry, many businesses are facing challenges to compete with the rapid development of technology.
Let's find out some of the key difficulties organisations are dealing with in the manufacturing sector.
#1 STRATEGIC APPROACH TO REDUCE RESOURCES
79% of companies worldwide have cut costs in response to the global economic crisis but failed to consider their strategic needs
#2 BRACING THE 4TH INDUSTRIAL REVOLUTION
Industry 4.0 is powered by technological advancements that include smart manufacturing, robotics, AI, the Internet of Things (IoT) and automation
#3 OVERALL SUPPLY CHAIN VISIBILITY
Only 6% of supply chain professionals said they have full visibility within their supply chains despite it being the 3rd most important priority
As the world evolve, your existing knowledge might no longer be sufficient and relevant for the current industrial environment. Now's the time for you to develop in-demand expertise to boost your employability.
Check out these online courses to help you build the skills of the future.
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