The Institution of Engineers Malaysia (IEM) has released a report addressing the growing impact of the global supply crisis on Malaysian industries.
The report highlights:
- Supply chain disruptions affecting manufacturing
- Rising raw material and logistics costs
- Delays in infrastructure and industrial projects
- Need for stronger local supply resilience
Business Impact:
- Increased operational costs for manufacturers
- Delays in project completion timelines
- Companies reassessing supply chain strategy
Economic Impact:
- Risk of slower industrial growth
- Pressure on inflation and production costs
- Need for long-term supply chain reform
