THE IMPACT OF INDUSTRY REVOLUTION 4.0 TOWARDS THE READINESS OF EMPLOYEE IN MANUFACTURING SECTOR IN JOHOR BAHRU, MALAYSIA

Industry Revolution 4.0 is an important upcoming concept for our current manufacturing industry. Industry Revolution 4.0 (IR4.0) can change the manufacturing industry to the next level and also enhance the image of the country. The purpose of this research is to study the readiness of the employees towards the implementation of IR4.0 in manufacturing industries in Johor Bahru, Malaysia. The objective of the research is how the technology, changes in consumers’ behaviour and environment, and employee performance effect the readiness of employees in the manufacturing sector to implement IR4.0. The current problems are facing by Malaysia are the dependability of foreign labours for production in manufacturing industries and Malaysian manufacturing growth still stuck in Industry 2.0. This research is a quantitative method and used questionnaires to collect data. Total 333 questionnaires were distributed to manufacturing companies in Johor Bahru. Based on the regression analysis result, the relationship between the changes in consumers’ behaviour and environment and employee performance is compatible with the readiness of employees in implementing IR4.0. However, the relationship between technology and the dependent variable was less compatible. Therefore, our country should enhance the usage and level of technology to implement IR4.0 to enhance the readiness of employees in the manufacturing industry.

Global manufacturing growth will slow into 2022

Significance Production increased at near-record rates in the West. Growth was also strong in East Asia, based on export demand, but weaker in key emerging markets in South Asia, South-east Asia and Latin America that continue to suffer from pandemic-related disruption. Impacts Production backlogs and inventories will continue to pile up, putting further pressure on both input and output prices. Smaller suppliers with limited pricing leverage will bear the brunt of escalating costs. Cash-flow pressures will compound market uncertainties and heightened supply chain risks in slowing rates of investment in new capacity. Opportunities will emerge from the supply-side disruptions and firms will consider longer-term changes to their supply chains. Firms able to leverage their workforce skills, processes and technologies to speed up product innovation are best positioned for success.

Profit Pools and Determinants of Potential County-Level Manufacturing Growth

Business location research often focuses on evaluating specific policies or explaining outcomes for a particular region. Further, the micro-foundations of random profit maximization supporting manufacturing location analysis often lack the intuitive nature of demand thresholds. While this article maintains these micro-foundations, it introduces a unifying concept of profit pools and examines how proximate supply/cost factors determine potential local manufacturing size. The approach avoids a number of limitations associated with other locational choice models. Restricted-access establishment-level data from the Longitudinal Business Database along with secondary data sources produce a model to estimate county-level contributors to outcomes of manufacturing establishment growth and consolidation. The analysis offers improved methods and accuracy for modeling establishment location outcomes, including accuracy in measuring industry size and methods for choosing among various count data distributions. The locational factors associated with county-level potential for manufacturing vary in magnitude and significance depending on the type of manufacturing, while affirming the importance of agglomeration across manufacturing types.

Appraising the Economic Growth Prospects of China’s Services Sector

This article examines the economic growth prospects of China’s services sector. Reportage on China’s economy and its data releases tends to focus largely on aggregate GDP growth, manufacturing growth, retail sales and investments, and fails to adequately cover services despite them being the largest contributor to growth. The article parses the growth of China’s various services subcomponents across a range of parameters and assesses that the industry has come under duress with a slowdown in complementary manufacturing and the dissipation of growth bubbles in finance and real estate. It is further observed that reforms necessary for spurring services growth are at a nascent stage, proceed slowly, and are imperilled by GDP growth targets that result in policies favouring the manufacturing industry. In sum, while China’s services growth prospects are hardly in dire jeopardy due to favourable demand-side conditions, achieving potential and affecting convergence with high income countries will necessitate the expedition of reforms and the engineering of a sustained high growth phase in the sector.

Supply disruptions will impede manufacturing growth

Headline INTERNATIONAL: Supply disruptions will impede industry