Electronics SMEs urged to embrace South-east Asia as their growth driver
Having more small business go regional will cushion the blow from a greying home base, says discussion panel
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Annabeth Leow
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[SINGAPORE] WILL big global firms want to set up shop - as DBS senior economist Irvin Seah put it - "in a place that looks more like an old folks' home"?
As cost competition and demographic change put the squeeze on small and medium-sized enterprises (SMEs), companies in electronics manufacturing should look to the regional value chain as a growth driver, he said at an industry event on Wednesday.
But to live long and prosper, they must tap both Southeast Asia's value and "Industry 4.0" technology tools.
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