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Economic Outlook in 2022 | Heavy Sectors

Economic Outlook 2022 Malaysia

After a severe pandemic, COVID-19 hit since year-end 2019 to 2020, continuing in the year of 2021, and this upcoming 2022 (with more variations of mutated coronavirus) can have more challenges that both can be seen and unforeseeable. How to stay resilient in this crisis and potential one in our outlook is what we shall pay attention to contribute effort on. Resilience in this is putting aside personal biological condition, but also psychologically, mentally, physically in terms of the individual. From a team perspective to an organization overview, we need to also furnish more information before making conclusive past history and future expectations. Doing some basic as well as comprehensive research is essential, together with other experts in advising you on the methodology instead of conducting blindly without any professional assistance. On the other hand, we shall also put some financial data into a spreadsheet and then computing into any appropriate chart to generate statistics to help substantially to create a discussable strategy to plan for your one to three years business management.

Pandemic Malaysia

Some but not all nations can control well of the pandemic outbreak, making a risk for companies that go into other countries, or have branches as well as projects in those cities. Economically speaking, there are ways to mitigate the risks by having proper standard operating procedure (SOP) when you have to travel, work in the office or manage your scopes at the site. Prevention is better than cure when things happened, to be a responsible citizen or industry’s player. In a nutshell, pandemic recovery will indirectly affect the subsequent economy, specifically meant here, would be the businesses from the multinational corporation (MNC), micro to small and medium enterprise (MSME). One of the very obvious examples will be the supply chain due to the production floors closed up when any infection caused the mandatory lockdown of their plants, it will then at least closeable up to two weeks. When manufacturing factories are off, regardless of the upstream, midstream, downstream or whatever sort of correlation, it will definitely create chain chaos and make end users have lack of goods, businesses will have cash flow issues due to backlog orders while overheads such as manpower will still need to be paid with wages but then, the penalty due to late delivery will be occurring.

Natural Disaster Malaysia

Natural disasters such as bushfires, floods, storms, typhoons or more are creating interruption to the world’s economic recovery too since it will make properties, factories, people, assets, equipment, machinery and other elements carry on ordinary activities to supply chain affected. Risks are there for these kinds of phenomena, but we can only do our best to mitigate the consequences by having plan B or any contingency program when things are not going along the way you want them to be. In the meantime, instead of relying only on a few key suppliers that are made up your essential provision of products and services, you can actually source more as a backup when you got the time and resources to process. In addition, we should also be having some teammates in the group in which they can be consist of finance specialists, project management experts, professionals in human resources as well as procurement to supply chain, logistics, warehousing or more. Of course, we can have more varieties of managers in many more majors, depending on the industries that we are in. However, if it is for engineering and construction industries, manufacturing or energy sectors, specialities will seem to be more crucial to perform well.

Construction Malaysia

Where to Get a Reliable Supply Chain Solution Provider in Malaysia

Contact us today, as we are able to do the whole supply chain management, from our own team to partnering with others, we can include turnkey and EPCC scope (engineering, procurement, construction and commissioning), architectural design, engineering consultancy, interior design, submission, supply, build to the installation of different variety of civil and structural (C&S) or mechanical and electrical (M&E) work scope including living room, kitchen, landscape, flooring, interior (indoor), pantry, bedroom, bathroom sanitary wares, process equipment, fabrication, roofing, wall, toilet, the exterior (outdoor), machinery, conveyor, small to a big job and other industrial or building materials for all kinds of commercial buildings, residential units, recreation, warehouse, industrial plant and factory, business centre, home renovation, power station, food & beverage (F&B), FMCG (Fast-moving consumer good), cold room, perishable goods, greenhouse farming, office, shop lot, showroom, office or other types of upgrading works as well as refurbishment. We can help in your projects within KL Kuala Lumpur, Selangor, Klang Valley, JB Johor Bahru, Penang, Malacca (Melaka), Seremban Negeri Sembilan, Perak, Pahang, Kuantan, Kelantan, Terengganu, Perlis, Alor Setar Kedah, as well as Sabah and Sarawak for East Malaysia; additionally, we are capable to be your design consultant, building material supplier and general contractor for other countries in Southeast Asia (SEA) countries such as Singapore, Myanmar (Burma), Cambodia, Vietnam, Laos, Thailand, Indonesia, Philippines, Brunei, Bangladesh as well as China, Taiwan, Hong Kong, Australia and New Zealand. Enquire today for your various range of projects in Malaysia and other regions today at or call (WhatsApp) at +(60)11-7001 1003 (Monday to Friday) or +(60)11-1188 1003 (Saturday, Sunday & Public Holiday).

Economy Recovery Malaysia

Photo credit: Media from Wix


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