VIRUS OUTBREAK: MALAYSIA MCO
Singapore F&B sector braces for labour, cost squeeze from MCO
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Singapore
MALAYSIA'S latest Movement Control Order (MCO) will exacerbate a manpower shortage and cost issues that have plagued food and beverage (F&B) firms in Singapore for nearly a year now, companies in the sector told The Business Times.
The silver lining is that many companies have adjusted to the manpower and supply-chain disruptions over the last several months. As a result, most firms anticipate a rise in costs but no significant disruptions resulting from the new MCO.
