Bloomberg article about manufacturing labor crunch

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AngMoG
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Bloomberg article about manufacturing labor crunch

Post by AngMoG » Tue, 14 Jan 2014 12:04 am

Saw an interesting article today: Bloomberg Article
Alcotec Precision Engineering Pte. owner Colin Kua turned down almost a third of his customers’ orders last year as he grappled with Singapore’s labor shortage. This year may be tougher.

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Barnsley
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Re: Bloomberg article about manufacturing labor crunch

Post by Barnsley » Tue, 14 Jan 2014 10:03 am

AngMoG wrote:Saw an interesting article today: Bloomberg Article
Alcotec Precision Engineering Pte. owner Colin Kua turned down almost a third of his customers’ orders last year as he grappled with Singapore’s labor shortage. This year may be tougher.
No labour crunch if you pay the wages though is there?

If your business model is based on low wages to keep your orders coming in then to keep prices competitive then a rethink is required.

My company shutdown our manufacturing here as we couldnt stay competitive manufacturing here.
Life is short, paddle harder!!

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ScoobyDoes
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Post by ScoobyDoes » Tue, 14 Jan 2014 10:05 am

Interesting.......I believe it's partially his own problem for not investing in efficient productivity. The age old reliance on cheap labour must end.

It'll do good for our rentals though :wink:
'When Lewis Hamilton wins a race he has to thank Vodafone whereas in my day I used to chase the crumpet. I know which era I'd rather race in.'

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