Privatisation will help Sunningdale to pivot faster as suppliers reshore

Singapore

THE strategy of manufacturing in low-cost economies and exporting to more developed markets may no longer work in the current economic landscape as some businesses begin to move production closer to where their markets are, said Sunningdale Tech's chairman Koh Boon Hwee in an interview with The Business Times.

While firms typically seek out low-cost suppliers, there is now a growing emphasis placed on "resiliency and security" as a result of current geopolitical tensions as well as the onset of the Covid-19 pandemic that had earlier upended supply chains everywhere.