KUALA LUMPUR, Oct 15 (Bernama) — Made in Malaysia furniture ranks among the top 10 largest exporters of furniture in the world with some 80% of its production being delivered abroad. This achievement would not have been possible without the industry keeping abreast of technical advances and global changes in consumer tastes and shifting from being Original Equipment Manufacturers (OEM) to Original Design Manufacturing (ODM) or Original Brand Manufacturing (OBM). This evolution has seen the industry undergoing a dynamic transformation from traditional cottage operations to an export-oriented industry driven by design, innovation and technology, and adding greater value to its exports.
The industry’s tremendous growth has been built on a strong manufacturing foundation that evolved from being a provider of raw materials to one with availability of skilled workers, excellent design capabilities and good manufacturing practices. In 2020, the industry saw exports valued at RM12.86 billion or a double-digit increase of 15.5% compared with the previous year.
- President Ramaphosa to launch South Africa’s G20 Presidency
- Africa’s incoming health boss dies aged 55 while receiving treatment in India
- South Africa takes part in Anti-Personnel Mine Ban Convention in Cambodia
- Air pollution from fires linked to 1.5 million deaths a year: new study by international researchers
- Israel Strikes 12,500 Targets In Lebanon During Conflict
- CSTO States Urge To Fight Terrorism Without Double Standards
- Feature: Indonesians Flock To First-Ever Simultaneous Regional Polls
- G7 Foreign Ministers Urge Israel To Comply With Int’l Law
- Sri Lanka To Call For Nominations For Long-Delayed Local Government Elections
- 8th ASEAN Media Forum Kicked Off In Laos, Focusing On Regional Integration