Kuala Lumpur, May 13 -- Malaysia needs to broaden its manufacturing ecosystem beyond assembly lines and semiconductors to fully capitalise on foreign investments, towards becoming a more complete manufacturing hub.
According to Ben Simpfendorfer, head of the consultancy Oliver Wyman Forum, said Malaysia could explore potential areas such as solar panel manufacturing, battery storage systems, and clean energy products.
Malaysia has to move beyond basic assembly work and set itself up as a complete manufacturing hub, he said, noting that the country shouldn't be just another stop in the process.
He said that while Malaysia has the opportunity to be a big winner in the reconfiguration of global supply chains, it needs to have a holistic mas...