An Era of Small Margin & Low Profit

We are entering into an era of small margin and low profit. It is best described as an  age full of competitiveness, challenges, price war, retrenchments, pay cuts and unemployment. The lifetime for winner is short but it is very easy to lose the race.

In facing such a downturn, we should adjust our mindset. Be ready to change and to walk out of the darkness. Restructure brought about opportunities whereas innovation creates new pathway. Learn risk management and tried to change the situation. Man is the key factor of success. Only if we are prepared to upgrade, to restructure and  to improve, then dawn not far away.

Unfortunately, it seems that we are still stagnate at the stage of grumbling that business is tough, quality demand too high, delivery time too short and profit too low.  I am afraid that trap such a situation, our business will shrinkage, unstable, import of fabric and garment will increase, buyers splitting big orders into small ones resulting in higher production cost and unsteady qualities..

As we entered another new year, I wish that we will strive forth :

·    To strengthen communication and improve linkages

·    Be realistic and accept the characteristics of this era

                                    2 Small margin & low profit

2 Fast speed

2 Find out the difference between products

2 Cannot survive without quality

2 Customer orientated

     ·    Create the growth of the industry

May the Malaysian textile & apparel industry continues to flourish in our land.

Back to index of February 2003